Kirin’s is targeting Australian acquired Blackmores to achieve a revenue of 100 billion yen (US$687m) and a net operating profit margin of 15 per cent or more by around year 2030, the Japanese-conglomerate said during its latest financial results presentation.
Blackmores' in-market sales in China dipped in the first half of the financial year, causing its shares to slide and emphasising the difficulty in shifting from a daigou-based model to domestic Chinese trade.
Network marketing company Nature's Sunshine posted strong revenue growth in its third quarter by starting to capitalize on its long-awaited entry into the Chinese market, and putting a software problem to bed.
Network marketing firm Usana Health Sciences is riding strong sales growth in North Asia driven by social media IT investment, even as an internal corruption investigation of its Chinese operations is ongoing.
Network marketing company Nature’s Sunshine reported disappointing earnings yesterday, driven mostly by a protracted and difficult software switchover, according to management.
