TIENS SUPER MARKETS

Saturday, February 10, 2007
Tiens To Expand International Market!!!
China-based Tiens has announced plans to set up directly-run supermarkets on a global basis, aiming to have 3000 to 4000 supermarkets both directly-run and franchised.
Li Jinyuan, chairman of Tiens, says that the development focus of Tiens this year will be expanding its supermarket operation in order to escape the traditional pattern of its labor network. The first directly-run supermarket of Tiens will be located in Tianjin, where the head office of Tiens is located, and will be opened on February 8.
Tiens will open 50 directly-run supermarkets in the north of the Yangtze River by the end of this year and then expand to the areas in the south of the Yangtse River next year.
Li says that by 2010, Tiens will have 1000 directly-run supermarkets and 2000 to 3000 franchised stores around the world. He also says that each Tiens supermarket will provide more than 10000 kinds of goods, including fresh food, fruit, commodities, clothes and home appliances Tiens hopes to compete with the world's retailing giant Wal-Mart.
Founded in 1992, Tiens is a large-scale global enterprise with operations in over 190 countries and regions with a customer base of over 10 million.
Link to article1 HERE


Tiens Group opens Taiwan headquarters
China-based Tiens Group Co the world's fifth-largest health products direct selling conglomerate, has ventured into Taiwan, opening its regional headquarters in the landmark Taipei 101 building.
The company also considers forming a strategic alliance with Chang Gung Biotechnology of the Formosa Plastics Group, its chairman Li Jinyuan said on Saturday on the 27th floor of Taipei 101.
Li said he had visited the Formosa group and had had good discussion with the Taiwanese group's founder, Wang Yung-ching, on further cooperation.
Because of restrictions on direct Chinese investment in Taiwan, the group's Taiwan headquarters was established under the name of its US branch, Tiens Biotech Group (USA) Inc.
The Tiens Group's regional headquarters in Taipei 101 include a health products direct selling supermarket, a product-testing zone and a training center, as well as a spa, a yoga classroom and fitness facilities.
The group plans to establish six to 10 direct selling supermarkets around Taiwan and open four to five franchised selling points in every county and city.
The group also plans to develop the tourism business in Taiwan, eyeing the cash-rich mainland Chinese, the company said.
Li founded the group in 1995 and listed its US subsidiary on NASDAQ three years ago.
The Hurun Report ranked Li the 18th wealthiest person in China last year, with assets worth 6.9 billion yuan (US$887 million).