BEIJING, Dec. 5 /PRNewswire-FirstCall/ - Good Life China Corporation www.goodlifechina.com (GLCC) today, after the market closed announced that it received unprecedented support in meeting with the Hebei Supply and Marketing Cooperatives.
As the largest cooperative economic organization in the province, Hebei Supply and Marketing Cooperatives owns 11 city-level cooperatives, 152 county-level cooperatives, 1,512 primary supply and marketing cooperatives and more than 30,000 operation locations. Its distribution centers are spread throughout all cities and counties in the province and its total assets are more than RMB 29 billion yuan ($4.2 billion USD).
The secretary of the Party Leadership Group and director of the council of the Hebei Supply and Marketing Cooperatives, Zhang Yanhui, noted that the Cooperative has historically played an important role in the distribution of farm inputs and resulting crops, but has had some difficulties transitioning from a planned economy to a product or market driven economy, especially in the rural areas of Hubei Province.
In contrast, Haorizi's operating model of E-commerce and logistics displayed great development potential and delivered against the stated objectives to modernize and improve the efficiency of the Cooperative.
Zhang undertook to advocate for the adoption of the Haorizi e-commerce and logistics platform to the appropriate Department of the Provincial Cooperatives and to establish a panel to address expansion of Haorizi's operational business model throughout the province, striving to make all cooperatives member units of the E-commerce transaction platform within the next 2 years. This represents total trading volume of RMB 5 billion yuan (nearly $750 million USD).
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
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