Benzinga | Dec 20, 2021 08:09AM EST

Jowell Global To Establish U.S. Warehouse With Suzhou Dreamworker Info-Tech To Elevate Competitiveness In Cross-Border E-Commerce; Terms Not Disclosed

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 established a cross-border e-commerce strategic collaboration with Suzhou Dreamworker Info-Tech Co., Ltd. ("Suzhou Dreamworker"). Parties will work together to set up a joint venture to provide warehouse and supply chain service in the U.S. by utilizing the oversea warehousing development experience of Suzhou Dreamworker and existing e-commerce platform of Jowell Global to form a more competitive global e-commerce presence.

Chinese international trade has been rapidly developing in new forms and models in recent years. Cross-border e-commerce becomes a new accelerator in China's international trade, transforming the international trade that has been impacted by the COVID-19 pandemic. Overseas warehousing offers many benefits, especially for e-commerce platforms, including lowered logistical costs and reliable delivery time and improved after-sale customer service and more. This collaboration creates considerable competitive advantages that will help attract more international customers and additional business opportunities for the Company.

Mr. Zhiwei Xu, Chief Executive Officer and Chairman of Jowell Global Ltd, commented: "Overseas warehousing is one of the foundational infrastructures for cross-border e-commerce. Suzhou Dreamworker, a leader in the cross-border industry chain for Chinese brands, has rich experience in building and developing overseas warehouses. In the future, both parties will jointly build U.S. warehousing and related services that would include storage, transshipment, fulfillment, showcasing, and after sales services. These efforts will facilitate the Company's cross-border e-commerce development and further expand our business into supply chain area."

Mr. Tianran Zhang, Vice President and Partner of Suzhou Dreamworker, commented: "Jowell Global, as a NASDAQ listed e-commerce company, is equipped with the resources to develop all-channel cross-border e-commerce. Establishing overseas warehouse and related supply chain services in the U.S. will significantly expediate deliveries and bring drastic improvements to shopping experiences and user stickiness for Chinese e-commerce platforms and small online retailers to expand their business internationally, which is why this partnership will create a new aspect for growth in the expansion of international trade for both Jowell Global and Suzhou Dreamworker."