ECMOHO and China Resources Ng Fung Enter into Strategic Partnership in the Sale of High Quality Food
ECMOHO Limited - American Depositary Shares (MOHO)
Company Research
Source: GlobeNewswire
SHANGHAI, China, March 30, 2020 (GLOBE NEWSWIRE) -- ECMOHO Limited ("ECMOHO" or the "Company"; Nasdaq: MOHO) and China Resources Ng Fung, a member of the China Resources Group, have entered into a strategic partnership to introduce high quality food products to Chinese consumers. Under the partnership, ECMOHO will help China Resources Ng Fung gain operational insights towards inventory management and product design through ECMOHO’s data analysis and technology. With the rising demand for high-quality food essentials, organic food products in China are expected to grow rapidly in the coming years. ECMOHO helped China Resources Ng Fung launch its organic rice for Chinese consumers in the market this month. Through this strategic partnership, China Resources Ng Fung is expected to achieve higher growth and market share in the long term. Safe Harbor Statements This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 193
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