Herbalife eyes China market
Herbalife, one of the world's top five direct-selling companies, said on Friday that it was investing in China a lot more aggressively than before in order to increase the size of its business from its current fourth place to become the largest in the Asia-Pacific region in its sector within four years.
Michael O. Johnson, chief executive officer of the US personal care and nutritional products maker, which is listed on the New York Stock Exchange, made the remark during a three-day China visit to Nanjing, Jiangsu province.
"We have an interest in expanding (in China). We will continue to invest, but thoughtfully and carefully the investment will grow rapidly," said Johnson, who refused to be specific about numbers, only saying the volume would be "larger" than in previous years.