| Market Capitalization (Millions $) |
5 |
| Shares
Outstanding (Millions) |
2 |
| Employees |
500 |
| Revenues (TTM) (Millions $) |
165 |
| Net Income (TTM) (Millions $) |
-6 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Jowell Global Ltd is a Chinese company founded in 2013, specializing in multi-level marketing (MLM) sales of health and wellness products, personal care, and home appliances. The company is headquartered in Shenzhen, China, and operates in several regional offices in China and North America.
Jowell Global Ltd is listed on the NASDAQ stock exchange under the ticker symbol "JWEL". The company went public in 2019 through an initial public offering (IPO) on NASDAQ, raising $12.5 million in capital.
The company's product portfolio includes dietary supplements, skincare, beauty products, home appliances, and household cleaning products, among others. Jowell Global Ltd's products are marketed under several brand names, including "Zhulian," "Jia Le," "Magic Color," and "Louis Armand," among others.
Jowell Global Ltd's business model is based on a direct marketing strategy, where the company's products are sold directly to consumers through a network of associates or distributors. The company's associates earn commissions on sales and are encouraged to recruit others to join their network, creating a multi-level marketing structure.
The company claims to have over 3 million registered members on its platform and has a presence in several countries, including China, the United States, Canada, and Singapore. Jowell Global Ltd reported revenue of $246 million in 2020, an increase of 35.1% from the previous year.
The company has faced scrutiny and legal issues in the past due to its MLM business model, which has been accused of being a pyramid scheme. In 2015, the company was fined by the Chinese government for illegal MLM activities. However, Jowell Global Ltd has denied any wrongdoing and has implemented measures to comply with government regulations.
In 2021, Jowell Global Ltd announced plans to expand into the cryptocurrency industry through a partnership with a blockchain technology company. The company aims to launch its own cryptocurrency, called "JwellChain," as part of its efforts to diversify its business and increase revenue.
In conclusion, Jowell Global Ltd is a Chinese company specializing in MLM sales of health and wellness products, personal care, and home appliances. It operates in several countries and has faced legal issues in the past due to its MLM business model. Jowell Global Ltd has reported steady revenue growth and is looking to expand into new businesses, including the cryptocurrency industry.
Company Address: 2nd Floor Yangpu District, Shanghai 200082
Company Phone Number: 21 5521-0174 Stock Exchange / Ticker: NASDAQ JWEL
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6.16%