Happiness Biotech Reports Monthly Online Sales Growth of 694%
Happiness Development Group Limited - Class A Ordinary Shares (HAPP)
Company Research
Source: PR Newswire
NANPING, China, March 9, 2020 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" or Nasdaq: HAPP), an innovative China-based nutraceutical and dietary supplements producer, announced today that the Company's monthly online sales have reached historical high of RMB11.5 million (approximately $1.6 million) in February, 694% increase compared with the same period last year. The single month sales have surpassed the total online sales in fiscal year 2019.Since the initial public offering in October 2019, the Company has put significant efforts and resources in online sales. The original business model of the Company focused more on traditional marketing channels, but with the popularity of e-commerce and highly developed logistics, we have found more and more demand for online purchase. Therefore, the Company has strengthened the investment in e-commerce in the past few months, especially in social e-commerce such as WeChat shops. "We are glad to see our efforts in online sale
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