BIMI International Medical Inc. Announces Strategic Partnership By Its Phenix Bio Inc. Subsidiary With China Duty Free Group
Portfolio Pulse from Happy Mohamed
BIMI International Medical Inc. (NASDAQ:BIMI) has announced a strategic partnership between its subsidiary, Phenix Bio Inc., and China Duty Free Group (CDFG). The agreement, effective from August 1, 2023, allows CDFG to distribute Phenix's healthcare products across its retail stores for a year. The partnership aims to improve the accessibility of dietary supplements to China's growing population and expand BIMI and Phenix's footprint in the Asian market.
August 07, 2023 | 12:09 pm
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BIMI International Medical Inc.'s strategic partnership with China Duty Free Group could potentially increase its product distribution and market presence in Asia.
The partnership with China Duty Free Group, a major retail enterprise, provides BIMI with an extensive distribution network for its healthcare products. This could lead to increased sales and a stronger market presence in Asia, positively impacting BIMI's stock in the short term.
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