Tiens Biotech Group

Tiens [ ti: ɛns ] (from the Chinese天 狮( Tianshi, Sky Lion), word formation of狮( Shi, lion) and天( Tian, heaven); own spelling TIENS ) is a multinational conglomerate which operates mainly in biotechnology, logistics finance, real estate, international trade, retail, e-business, education and tourism operates. Currently, the Group also conducts business with financial and industrial capital. The headquarters is located in Tianjin, a port city in the People's Republic of China.

Smaller businesses were listed on the NASDAQ and AMEX in April 2005 in September 2003.

Activity

The Group was founded in 1995 by Mr. Li Jinyuan and had at the beginning of its existence handle large Etablierungs and expansion difficulties. From the spring of 1998 he was able to establish itself on the world market. His first business was the export of Chinese remedies, calcium tablets and coffee powder. Today, a range of specially prepared foods, remedies, dietary supplements and cosmetics provides the majority of its sales.

The products come in direct sales without intermediaries or retailers directly to the end users. There are now regularly supplies 16 million customers in 190 countries. Most customers live in the Russian Federation, and 60,000 families residing in Germany with.

By the second business model that referral marketing (also known as Multi Level Marketing ), Tiens has its products through independent advisers to the final customer selling. The consultant can be a middleman or reseller, or hold only a mediating position. Worldwide, Tiens according to its own statement that more than twelve million direct sellers. In Germany, more than 40,000 consultants in Tiens are reported. The number of intermediaries, however, is largely unknown. 5,000 employees are permanently employed at Tiens, of which, according to company statement 35% have a master's degree.

Tiens donated, according to its own statement that in the past 200 million dollars for charitable purposes and to social institutions.

Criticism

Former Tiens employees state that the products sold are medically ineffective. In addition, the occurrence of the company president Li Jinyuan and the almost cult of personality around his figure is heavily criticized