Shineco reports launch of CNY8m contract with Huangpu.
M2 EQUITYBITES-December 14, 2017-Shineco reports launch of CNY8m contract with Huangpu
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Chinese herbal medicine Shineco Inc (NASDAQ:TYHT) said on Wednesday that its Tianjin Tajit E-Commerce Ltd subsidiary has entered into a CNY8m supply contract with Huangpu International Limited, a community e-commerce company in China.
Huangpu International Limited reportedly operates its own community e-commerce platform, Xiaohongshu, at http://www.xiaohongshu.com and designed to enable younger generations to purchase desirable products all around the world through the Internet.
Under the terms of the agreement, Huangpu is expected to purchase CNY8m worth of products from Shineco plus distribute Shineco's products through its e-commence platform at www.xiaohongshu.com.
In connection with the agreement, Shineco will provide Huangpu with necessary assistance during the distributing process.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Dec 14, 2017|
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