Benzinga | Dec 20, 2021 02:43PM EST

Jowell Partners With Suzhou Dreamworker To Establish US Warehouse

* Jowell Global Ltd (NASDAQ:JWEL), a cosmetics, health, nutritional supplements, and household products e-commerce platform in China, has established a cross-border e-commerce strategic collaboration with Suzhou Dreamworker Info-Tech Co Ltd.

* The parties will work together to set up a joint venture to provide warehouse and supply chain service in the U.S.

* Jowell Global noted the collaboration creates considerable competitive advantages that will help attract more international customers and additional business opportunities.

* "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," said Zhiwei Xu, CEO and Chairman of Jowell Global.

* Price Action: JWEL shares are trading lower by 0.78% at $19.65 on the last check Monday.