On January 26, 2021, Kingdomway Group and Ruoyuchen Tech formally entered into a strategic cooperation agreement for the Tmall business of Kingdomway’s American brand “Doctor’s Best” in China. It is reported that the annual growth rate of Kimdomway Doctor’s Best in Tmall e-commerce platform exceeded 500% in 2020, with its volume broke 100 million in one year. Also, it created a big hit product, the Kimdomway NMN, which is widely recognized across the network. In the next few years, Ruoyuchen, an integrated e-commerce service provider for global premium consumer brands, will work as the agent of Kimdomway Doctor’s Best brand for Tmall flagship store operation. (Source: finance.ifeng)

HPA-China commentary:

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