Jowell Global Ltd. (JWEL) stock prices surged by 19.57% as of the market closing on August 26th, 2021. This brought the price per share up to USD$5.56 at the end of the trading day. Subsequent premarket fluctuations have seen the stock dip by 6.47%, bringing it down to USD$5.20.
JWEL Stock’s Partnerships
August 19th, 2021 saw JWEL stock announce the development of a cooperative relationship with Hope BioTechnology (Suzhou). It was concurrently announced that the company had signed a strategic partnership agreement with Suzhou’s affiliate. As per the agreement, the parties will collaborate in the research and development of new immune cell technologies. These technologies will cater to skincare products, cosmetics, and health and nutritional supplements. The partners will focus on a comprehensive collaboration in cutting-edge cellular technology.
Scope of Collaboration
The partnership will see Suzhou make use of its biotech, immune cell, and stem cell R&D teams. This will facilitate the efficient development and launch of a new generation of skincare products with cell-related technology for JWEL stock. The collaboration is set to help the company expand into high-end cosmetic products market. JWEL is confident that leveraging bio cell technology will provide its customers with top quality skincare and cosmetic product experiences and effective results.
About JWEL Stock
JWEL stock has established itself as one of the leading cosmetics, health and nutritional supplements and household products e-commerce platforms in China. The company offers products under its own branding to customers, while also facilitate the selling and distribution of various products. These products include health and nutritional supplements, cosmetic products, and various household products from other companies on its proprietary platform.
Market Presence
Furthermore, JWEL stock allows third parties to open online stores on its platform for a service fee. This fee is based on the generation of sale revenues by the third parties from their online stores. To facilitate this, the company provides them with unique and valuable information about market needs, promoting more effective management of their sales efforts. JWEL stock also sells its products through authorized retail stores across China, under the brand name of Love Home Store (LHH Store) and Juhao Best Choice Store.
Future Outlook for JWEL Stock
The company reported a strong quarter, consolidated by its strategic partnerships with Suzhou and its subsidiary. JWEL stock is keen to leverage the combined resources at its disposal to spearhead its market expansion. Investors are hopeful that this will drive in consistent increases in shareholder value over the long term.
