Core Viewpoint - The establishment of the headquarters of Wanglaoji Health Industry Company in Guangzhou's International Bio-Island marks a significant upgrade towards becoming a technology-driven health enterprise, alongside a strategic partnership with South Korea's Nongshim Group to enhance international market presence and product development [1][2][3]. Group 1: Company Developments - Wanglaoji Health Industry Company officially opened its headquarters on May 7, 2023, in Guangzhou, symbolizing its transition to a technology-oriented health enterprise [1]. - The company aims to leverage the "lighthouse effect" of the Bio-Island to enhance innovation across products, technology, brand, and culture [1][2]. - The headquarters is part of a larger investment by Guangzhou Pharmaceutical Group, which invested 1.1 billion yuan in the Bio-Island for the construction of a health research and sales headquarters [1][3]. Group 2: Strategic Partnerships - Wanglaoji signed a strategic cooperation memorandum with Nongshim Group, focusing on channel sharing, brand promotion, joint product development, and technology collaboration [3][4]. - Nongshim, a leading South Korean food company, will assist Wanglaoji in expanding its products like "Citrus Ginger" and "Lychee" into international markets [4][5]. - The partnership is seen as a key move in Wanglaoji's internationalization strategy, with both companies aiming to create a global food and beverage ecosystem [5]. Group 3: Market Expansion - Wanglaoji has been actively pursuing international markets, with products already sold in over 100 countries and regions [3]. - The company has seen significant growth in the South Korean market, achieving a tenfold increase in business scale in recent years [3]. - The collaboration with Nongshim is expected to enhance Wanglaoji's market presence in South Korea and other regions, aligning with the growing economic ties between China and South Korea [5].
广州生物岛迎大咖!王老吉总部进驻,牵手辛拉面母公司加速“出海”