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RooLife Group Ltd. ( (AU:RLG) ) has shared an update.
RooLife Group Ltd has launched its proprietary RLG Coffee brand in China’s rapidly growing coffee market, which is expanding at an annual rate of 21%. The launch includes both online and offline sales channels through strategic partnerships, with first-month sales orders exceeding $110,000, indicating strong demand. The company has partnered with Zhongshan Runlian Commercial Co., Ltd and Ausmeiyoupin (Guangzhou) International E-Commerce Co., Ltd to manage online stores on major platforms like Tmall, JD.com, and Douyin. This move aligns with RLG’s strategy to scale high-demand product categories in China, supported by a recent supply agreement with Eternal Asia, broadening its distribution footprint significantly.
More about RooLife Group Ltd.
RooLife Group Ltd (ASX: RLG) is a data-driven e-commerce company that focuses on identifying demand for high-margin products and delivering them into the world’s fastest-growing markets efficiently, without warehousing costs. The company operates in China, the UK, Australia, and India, leveraging a tech-enabled model that combines real-time procurement signals, established supplier networks, and multi-channel sales infrastructure. RLG’s portfolio spans high-growth sectors including consumer goods, food & beverage, and renewable energy, and it assists companies in entering Asian and international markets while also creating its own product brands.
Technical Sentiment Signal: Sell
Current Market Cap: A$11.15M
See more insights into RLG stock on TipRanks’ Stock Analysis page.