Herbalife Nutrition and Tasly Holding Group to Form HT Innovations LP
"We are honored to form a joint venture with Tasly, a leading developer of health products and services in China. Our philosophies of improving the wellness of our communities are completely aligned and we expect this new joint venture will significantly expand the distribution of important nutrition products around the globe," said Rich Goudis.
Herbalife Nutrition began China operations in 2005 and now operates three facilities in Nanjing, Changsha, and Suzhou, currently producing 60 million units annually. The Company is licensed to operate in 28 provinces, employs more than 1,300 people in China, and has approximately 60,000 service providers, and approximately 270,000 sales representatives.
Kaijing Yan said, "We believe the combination of Tasly's research and development capabilities, clinical trial skills and Herbalife's global distribution network outside of China, along with the two firms' high-end quality control standards, will bring the best health products to consumers."
Tasly manages a broad spectrum of leading consumer products, health services and distribution channels in China. As a pioneer of TCM modernization, Tasly, through innovations in standards and technologies, has created a manufacturing and development process and set up a comprehensive, standardized and digital system which produces high-quality consumer health products.
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