|Over a quarter ago|
ECMOHO enters $30M investment agreement with Anze » 11:4208/0308/03/20
ECMOHO announced that it…
ECMOHO announced that it has entered into an investment agreement with Anze Premium Health and Beauty, a company involved in the research and development of Chinese herbal medicine-based health and wellness products. The Company has committed to paying Anze up to $30M, comprising of up to $15M for an equity interest in Anze and up to $15M for zero coupon convertible notes issued by Anze. The consideration to be paid by the Company will be payable over three installments, each payment being contingent upon the satisfaction of certain performance conditions by Anze, as set out in the transaction documents. Upon the completion of the third and final equity installment, the Company is expected to cumulatively own 29.7% of Anze's equity capital. The convertible notes shall be repaid in installments starting in the 1st quarter of 2021 and ending in 2023. The Company has the right to convert the convertible notes into equity at predetermined valuations starting in 2021. If the Company exercises its conversion right, the notes can be maximally converted into a 20% interest in the equity capital of Anze, as set out in the transaction documents.
ECMOHO to establish southwest headquarters in Smart Health Industrial Oark » 07:2207/2907/29/20
ECMOHO has agreed to…
ECMOHO has agreed to cooperate with the Wenjiang District Government of Chengdu to establish the Company's southwest headquarters in China's first smart health industrial park in Chengdu. ECMOHO also reached a framework agreement with Runxintang, a leading research, development, and production company of Chinese herbal medicine based in Sichuan province. The two companies plan to establish a joint venture company to build up digital supply chain, which could help to improve the capacity to manufacture customized products and improve the capability of R&D, marketing and sales promotion in the Chinese herbal medicine industry.
ECMOHO collaborates with Gold HongYe Paper Group on digital strategy » 08:3304/2904/29/20
ECMOHO entered into…
ECMOHO entered into strategic collaboration with Gold HongYe Paper Group. Under the partnership, ECMOHO will develop a comprehensive digital strategy for Gold HongYe, introducing data intelligence platform to improve the efficiency of business operation and decision-making. Additionally, ECMOHO will help Gold HongYe deliver customized products to consumers through data-mining and analytics. By leveraging its capabilities in digitization, ECMOHO continues to provide its brand partners with integrated solutions to drive higher growth. The Company will continue to broaden its product categories and cooperation with high-quality brands for future growth.
ECMOHO, L&P Cosmetic announce comprehensive strategic partnership » 08:4304/2004/20/20
ECMOHO and L&P…
ECMOHO and L&P Cosmetic have entered into a comprehensive strategic partnership, in which ECMOHO will provide integrated omni-channel marketing services for L&P Cosmetic by introducing MEDIHEAL to Chinese consumers who are keen on Korean beauty products. ECMOHO will leverage its expertise in data analytics and digitization to support MEDIHEAL in reaching Chinese consumers, offering consumer insights and leveraging online and offline integrated channels to provide consumers with personalized products. Through data analytics, ECMOHO can precisely target consumers with the most appropriate products based on their gender, skin characteristics, geographic region, and climate.
ECMOHO, China Resources Ng Fung enter into strategic partnership » 13:0103/3003/30/20
ECMOHO and China…
ECMOHO and China Resources Ng Fung, a member of the China Resources Group, have entered into a strategic partnership to introduce high quality food products to Chinese consumers. Under the partnership, ECMOHO will help China Resources Ng Fung gain operational insights towards inventory management and product design through ECMOHO's data analysis and technology. ECMOHO helped China Resources Ng Fung launch its organic rice for Chinese consumers in the market this month. Through this strategic partnership, China Resources Ng Fung is expected to achieve higher growth and market share in the long term.
ECMOHO partners with Beingmate on digital marketing » 08:0003/1203/12/20
ECMOHO Limited and…
ECMOHO Limited and Beingmate Baby & Child Food Co. entered into strategic cooperation under which ECMOHO will provide online and offline digital marketing services for three of Beingmate's product lines, including baby food, specialty baby formula and child supplements. ECMOHO will help Beingmate implement digital marketing strategy and help it achieve higher growth and profitability and at the same time deliver higher value add to consumers.