Text: | Print|

Amway China reports 8 pct sales rise in 2013

2014-02-19 10:19 chinadaily.com.cn Web Editor: qindexing

Amway has reported sales in China totaling 29.3 billion yuan ($4.83 billion) during 2013, an increase of 8 percent on 2012.

The company's China business now represents nearly 41 percent of the direct seller's global sales.

Amway reported global sales of $11.8 billion for 2013, a record high for the company and an improvement on the $11.3 billion of 2012.

Amway said it would meet increasing demand for its products, undertaking a global expansion project worth $375 million and involving manufacturing and research and development functions.

The expansion includes R&D facilities being built in China. Manufacturing sites in China are planned as part of the expansion as well.

In January, another US-based company Nu Skin that sells cosmetics and health products in China, has been investigated after media reports suggesting that Nu Skin is connected with pyramid selling practices.

According to a statement from Nu Skin, an article that appeared in People's Daily contains inaccuracies and exaggerations that are not representative of Nu Skin's business in China.

Comments (0)
Most popular in 24h
  Archived Content
Media partners:

Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.