-- Full Year Revenue of $210.0 million, up 22.9% year-over-year -- SHANGHAI, May 15, 2023 /PRNewswire/ -- Jowell Global Ltd. ("Jowell" or the "Company") (NASDAQ: JWEL), a leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China, today announced its financial results for the full year ended December 31, 2022. Full Year 2022 Financial and Operational Highlights Total revenues were $210.0 million, an increase of 22.9% from $170.9 million in 2021. Net loss was $11.5 million, an increase of 80.5% compared to net loss of $6.4 million in 2021. Total VIP members[1] as of December 31, 2022 were approximately 2.4 million, an increase of 9.1% compared to approximately 2.2 million as of December 31, 2021. Total LHH stores[2] as of December 31, 2022 we
Expanding Company's business from Web-Based E-Commerce to High Growth Social Media Influencer E-Commerce SHANGHAI, May 2, 2023 /PRNewswire/ -- Jowell Global Ltd. ("Jowell Global" or the "Company") (NASDAQ: JWEL), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China, today announced that the Company has established a new wholly owned subsidiary, Shanghai Lianfu Information Technology Co., Ltd. ("Lianfu") that focuses on marketing agricultural and fishing products on Tencent Short Video and other social media platforms. Lianfu will work with social media influencers at the source of freshly grown agricultural products, where they will live stream and show orange, pears and apples just being harvested on site and offer the
Expanding Company's business from Web-Based E-Commerce to High Growth Social Media Influencer E-Commerce SHANGHAI, May 2, 2023 /PRNewswire/ -- Jowell Global Ltd. ("Jowell Global" or the "Company") (NASDAQ: JWEL), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China, today announced that the Company has established a new wholly owned subsidiary, Shanghai Lianfu Information Technology Co., Ltd. ("Lianfu") that focuses on marketing agricultural and fishing products on Tencent Short Video and other social media platforms. Lianfu will work with social media influencers at the source of freshly grown agricultural products, where they will live stream and show orange, pears and apples just being harvested on site and offer the
Expanding Company's business from Web-Based E-Commerce to High Growth Social Media Influencer E-Commerce SHANGHAI, May 2, 2023 /PRNewswire/ -- Jowell Global Ltd. ("Jowell Global" or the "Company") (NASDAQ: JWEL), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China, today announced that the Company has established a new wholly owned subsidiary, Shanghai Lianfu Information Technology Co., Ltd. ("Lianfu") that focuses on marketing agricultural and fishing products on Tencent Short Video and other social media platforms. Lianfu will work with social media influencers at the source of freshly grown agricultural products, where they will live stream and show orange, pears and apples just being harvested on site and offer the
SHANGHAI, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Jowell Global Ltd. (“Jowell Global” or the “Company”) (NASDAQ: JWEL), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China, today announced strong results from its 12-day 2022 Singles’ Day Shopping Festival. Over $24.5 million was generated in gross merchandise volume (GMV) during the festival, which represents an extraordinary 32.5% growth from last year. Mr. Zhiwei Xu, Chief Executive Officer and Chairman of Jowell Global Ltd, commented: “Despite the continued macro headwinds and the adverse pandemic impact, we delivered another strong sales for this year’s Singles’ Day shopping festival, thanks to all of our employees, vendors, and the selling merchants and partners within our p
SHANGHAI, Nov. 11, 2022 (GLOBE NEWSWIRE) -- Jowell Global Ltd. (“JWEL” or the “Company”) (NASDAQ: JWEL), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China, reported today that it has expanded its cooperation with ZTO Express (NYSE: ZTO), one of the leading express delivery companies in China in terms of parcel volume. In November, 2022, JWEL and ZTO reached a customized warehouse distribution integration agreement which covers all logistic services for the Company, from warehousing management, express parcel distribution, express parcel packaging and express delivery, to be provided by ZTO Express. Since the parties started cooperation a year ago in 2021, JWEL has used warehouse, logistics network and automatic sorting sy