The stock of Jowell Global Ltd. (JWEL) gained in the pre-market after the company announced its partnership with China Ants Alliance. The stock of JWEL was valued at $4.63 in the pre-market gaining more than 5.47% from the previously closed value. At the end of the last trading session, the stock closed at $4.39. The trading volume of the stock in the last trading session was around 2.07 million shares.
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Reason for the stock gain
Jowell Global Ltd. (JWEL) is amongst the leading cosmetics, health, and nutritional supplements. The household name for products on e-commerce platforms in China, announced today in a press release they have started a strategic partnership with China Ants Alliance to bring solely-owned brand products, high-quality, affordable, and reliable retail brands to millions of households.
The CEO of the company said that the retail industry in China is growing at a fast pace as new business models, technology and applications appear from time to time. To distinguish themselves among the vast product ranges, create meaningful impact and commercialize in the latest ecosystem has become an unparalleled challenge to the retailers. China Ants Alliance is committed to serving small-and-mid-sized retailers to reinforce their competitiveness by collaborating with solely-owned brands, mutual procurement, big data, and business school programs. The network of China Ants Alliance covers 95 members across 28 provinces and cities in China. They have a total of RMB90 billion annual sales by its members. Jowell Global and China Ants Alliance will support each other’s distribution channels to improve targeted marketing and sales.
Jowell Global is amongst the biggest new retail e-commerce platforms in China related to health and beauty vertical business having above two million enlisted users. Their top-notch quality products set it isolated from other platforms with its brand products manufactured by top-tier brands with high-quality production facilities. This alliance will enable them to strengthen their position of solely-owned brands in the market and will help them to achieve greater market share.
Effect on the stock
The news of the strategic partnership between Jowell Global Ltd. (JWEL) and the China Ants Alliance strengthened its position in the market. Investors were responding positively to the news. Its plans for the future may strengthen the position of the company in the Chinese market due to which investors are investing in its stock.
Conclusion
The partnership between the two companies will bring more market share for Jowell Global Ltd. (JWEL) eventually increasing its revenue and market cap. The stock of JWEL is a good choice for investors looking for a stock that has potential in the long run.
