How well being complement market in China has modified over 20 years

Discover right here the China Paradigm 70  the place we, Daxue Consulting interview season entrepreneurs in China. Learn this transcript and construct an understanding of the well being complement market in China, study the altering historical past of import companies for China’s well being care trade, and perceive the distinction amongst numerous channels to follow cross border e-commerce in China.

transcript under:

MATTHIEU DAVID: Good day everybody. I’m Matthieu David, the founding father of Daxue Consulting, a China market analysis firm based mostly in Beijing, Shanghai and Hong Kong and its podcast, China Paradigm and at the moment I’m with Laurent Cibot. I do know you for, I believe, two or three years now. We now have been working for comparable purchasers and you’ve got been in China for fifteen years now. I’ve not seen many individuals who’ve been right here for thus lengthy.

You at the moment are managing your personal firm and because the proprietor of this firm and CEO of this firm you might be working for various corporations within the well being complement market in China, and you’ve got grabbed many alternatives. So, one being initially sourcing merchandise from China to the west and now, you might be importing merchandise and serving to corporations to really enter the Chinese language market, particularly within the well being complement market in China. So, I imagine your story is a little bit of a narrative of how China lived; like exporting and now extra importing as a result of the market could be very dynamic. Thanks very a lot for being with us. Might you inform us extra about your present exercise and your two completely different jobs, mainly as a result of one is for the west and one is definitely sending to Chinese language?

LAURENT CIBOT: Effectively, sure,
thanks very a lot first to your invitation. It is extremely good to have a chat
at the moment with you. So, you see we’re at house as a result of perhaps folks don’t know we
are in… it’s Sunday at the moment so I want to remain at house and I don’t go to the
workplace. As you possibly can see you might be in my front room now. So sure, really you might be
completely proper on this level. Really, it’s true as a result of you understand 15/20 years
in the past folks; a lot of the foreigners in China really are doing export service for China’s healthcare trade. So, I sort of observe the development
as a result of 15/20 years in the past China was not the market that it’s at the moment. So, I did
sourcing in healthcare for a lot of, a few years and really sure, a couple of years in the past I
started to do well being complement consulting within the Chinese language market and some years in the past; I’d say it’s nearly a decade in the past,
however I started to do some well being complement consulting within the Chinese language
marketplace for corporations
in well being care which I want to assist discover some distributors in China
within the complement trade.

MATTHIEU DAVID: I noticed taking a look at your CV or resume and mainly what you
did previously that one of many key milestones was what you probably did for Labarato Cooper the place I imagine
you started to find well being care in China if I perceive effectively.

LAURENT CIBOT: Sure and no usually because earlier than I labored for Cooper; and
it was my first expertise in well being care. I had my very own firm. It was my
first firm I arrange once I was round 24 and I arrange an organization to assist
French corporations to higher perceive China. It was a service firm and at
that point we had been working with completely different industries and I had this primary
expertise throughout this time with a really well-known, fascinating model. It used to
be a really robust model in France and in Europe referred to as Oenobiol
that you just may know as a result of it was once the model; like the sweetness complement French model, worth, model
identification and that’s how I got here into the well being complement market
in China. Then really sure, I arrange as you mentioned and at that
time really; simply to complete with the Oenobiol and really yeah, they turned
a part of a really massive group; a really massive firm and I met the final supervisor at the moment, as you mentioned
so I arrange an workplace in China and that’s how I continued on this trade
that I discovered very fascinating as a result of it is rather aggressive in China and I
would say now that Chinese language folks; they’re much extra and they’re
very aware about their well being. They actually wish to enhance their well being and
to reside longer, particularly reside effectively; reside effectively and reside longer in a superb
situation and in good well being. So, it’s a fast-growing well being complement market in China and it’s a very fascinating
trade to be in now in China. It’s.

MATTHIEU DAVID: What do you for Liberata Cooper and what do you do in well being
care, typically talking, as a result of I really feel well being care is a really massive matter in order
you simply talked about, you speak extra concerning the well being complement
consulting within the Chinese language market. So what you might be sourcing from China are well being dietary supplements?
Are they extra units and merchandise? So might you inform us extra about what
you do on either side and what you might be speaking about precisely as a result of that’s
impacting rather a lot about laws and about what certification it’s essential
import. I imagine if you wish to import a product from an enormous pharmaceutical
like Sanofi or a type of very massive
corporations you want far more certifications than a well being complement, however I
will allow you to clarify to us.

LAURENT CIBOT: Effectively, really the sourcing half; it’s extra about medical
units and principally digital medical units that you will discover in your
pharmacy in France or in Europe. Really on the opposite aspect; so that is extra
for sourcing and on the opposite aspect it’s actually; I’m specializing in dietary supplements
and so well being dietary supplements, meals dietary supplements, and merchandise and types are principally French, however not
solely. So really we might speak about Arcfama which is the primary in France
for pure well being dietary supplements or pure well being complement markets, but additionally a
Canadian firm. I simply completed consulting for a corporation referred to as Larmo and
Larmo Well being Options; LHS which is an organization manufacturing… so it’s in B2B
manufacturing probiotics and dealing with complement manufacturers to really provide
probiotics worldwide. So, it’s really completely different and I imply I’d say it’s
about wellness and well being care and as you mentioned already it’s actually… I can’t
observe the development of China and what has occurred in China previously I’d say the final
twenty years from sourcing to the market and I’d say it was really what I
did throughout my examine on the enterprise college. So, it’s sort of as a result of I studied
advertising so it’s sort of one thing I all the time favored and when you’re an
entrepreneur in China one can find extra curiosity on this massive well being complement market in China of multiple billion folks;
perhaps extra at a sure level; greater than doing buying or sourcing.

MATTHIEU DAVID: So let’s speak first; when you have time we will speak concerning the sourcing which is mainly extra trade of the previous now for China or the promising a part of china. It’s extra I imagine the essential half which is the rising half and import companies for China’s healthcare trade in that half. So let’s speak concerning the well being complement market in China. You’ve gotten labored for, as you talked about, Aqua Farmer and you’ve got not too long ago labored for Larmo. The third factor once we take into consideration well being care and once we take into consideration well being dietary supplements once we take into consideration what we’re consuming and within the Chinese language market, we take into consideration certification, regulation, and we take into consideration danger. How do you handle that as a result of the meals enterprise will be extraordinarily dangerous in China in case you are not compliant? It may be felony. So, you possibly can go to jail and it may be a high-risk enterprise. What’s your expertise on this trade concerning regulation specs?

LAURENT CIBOT: Effectively, it was once… so first I’d say this well being complement
market in China actually has modified rather a lot
from like 10/15 years in the past till now and I imply the way it modified is generally as a result of
of e-commerce and particularly cross
border e-commerce
in China. I
bear in mind we talked about Oenobiol. I labored for like ten years in the past, and at the moment we solely
spoke about offline. We by no means actually spoke about a web based enterprise which is…

MATTHIEU DAVID: Which is like 2006 or 2008, proper?

LAURENT CIBOT: Yeah. So, which really can be very; I imply at the moment it is going to
not be doable. I imply at the moment everyone speaks concerning the on-line and cross
border. The factor is that the cross border e-commerce in China is a good alternative for the manufacturers
in France or from different nations as a result of it offers you the chance to promote
your merchandise in China with out registering the product in Beijing within the; I
would say the China FDA.

MATTHIEU DAVID: So, I believe it’s onerous for folks listening to us and for folks residing overseas to grasp. It signifies that you understand meals merchandise; even merchandise you’ll put into your personal system or your physique mainly the borders are going to say, “If it’s approved abroad then we authorize it, mainly; whether it is coming from abroad. “ Have you ever identified any dangerous experiences concerning world e-commerce within the meals trade or the beverage trade? I really feel it’s topical; it’s a dream; such as you don’t want any certification.

LAURENT CIBOT: Personally, no, I didn’t, however I’d say that this complement or from the complement manufacturers of those corporations in well being care… effectively, for this model, really the very present query I’ve; the very I’d say the query that comes fairly often is about you understand; the way it works as a result of in well being care particularly this laboratory in Europe; they’re very cautious concerning the product that they’re launching and placing available on the market so they’re working very intently with the regulators of their nations and so, you inform them, “You don’t need to register products. You can sell it.” So, they don’t actually… for them, it is rather onerous to grasp and to think about.

So, fairly often they are going to say, “Yes, but what about after-sales? What about all this…?” There are gross sales and issues round that are essential in fact, so they are going to ask many questions and for them, it is rather onerous to conceive. So, a part of my well being complement consulting within the Chinese language market is to clarify to them the way it works; the cross border e-commerce in China is a good alternative for them as a result of to register a well being complement in China at the moment might be a wait of no less than 2-Three years for one product; one reference and it is going to be round 100-150 thousand Euro.

MATTHIEU DAVID: 150 thousand Euro, okay.

LAURENT CIBOT: Sure, just for one reference. For those who can keep away from spending this cash to register a
product and to spend all this time to even really not to make sure, however to
register your product it’s time and it’s cash and its cash, once more. Have you learnt
what I imply? It’s some huge cash you understand; for those who can modify you possibly can immediately
go on cross border e-commerce in China. It’s an excellent technique at the moment and it’s a excellent factor at the moment for
the manufacturers overseas.

MATTHIEU DAVID: What are the restrictions of cross border e-commerce in China? Are you restricted to the provision of the packages? Are you restricted on the
weight, by way of the worth of the products inside or you don’t have any limitation?

LAURENT CIBOT: Effectively, you’ve gotten a limitation about… really, you’ve gotten
limitation as a result of and a lot of the… you’ve gotten a specific amount it’s a must to pay
tax. So, at a degree folks will attempt; the buyer or person would purchase the product
and they’re going to themselves; they are going to attempt to make their calculation.

MATTHIEU DAVID: What’s the quantity? Do you’ve gotten an concept of the quantity,
roughly? I do know it’s altering very often, however roughly?

LAURENT CIBOT: It’s altering very often… prefer it was 2000 RMB.

MATTHIEU DAVID: $300 and also you don’t have to pay taxes whether it is below 2000 RMB no less than final 12 months or two years in the past.
Now, it might have modified as a result of it’s typically altering. It’s already a sizeable
amount of cash. I imply you could possibly even purchase and resell at this degree.

LAURENT CIBOT: Sure, in fact, purchase and resell and it’s… I’d say the cross border e-commerce in China for the complement trade actually re-shaped the complement; the well being complement market in China and really I even know the most important corporations. Final month I met with the final supervisor of an enormous meals well being complement firm just like the American run. It’s a significant participant available on the market and we had this assembly as a result of they’re pondering to place some probiotics of their merchandise and really this man instructed me that they don’t… Blue Hats is the certification you get while you register on the well being complement market in China.

MATTHIEU DAVID: How do you spell it?

LAURENT CIBOT: Blue hats as a result of…


LAURENT CIBOT: Sure, H-A-T as a result of it appears to be like like a hat.


LAURENT CIBOT: So it’s on a blue-collar and he instructed me, “Yes, all this money we are getting in China; we only do cross border e-commerce in China.”

MATTHIEU DAVID: How a lot cash are we speaking about for an enormous participant with cross border e-commerce in China? To this point, what I’ve seen in plenty of trend manufacturers, luxurious manufacturers when
we have a look at the Digo; the Digo on prime and we are attempting to draw those
coming mainly from people and so forth. We’re speaking a few sizeable
amount of cash. We’re speaking mainly and roughly the dimensions of a items retailer, however not far more. So,
that’s the trend trade. That’s perhaps a bit completely different. What concerning the well being complement market in China? Are we speaking about $1 000 000, tons of of
1000’s of {dollars}; what are we speaking about?

LAURENT CIBOT: Yeah, no really it’s extra 1000’s of tens of millions of {dollars}

MATTHIEU DAVID: For one 12 months?

LAURENT CIBOT: Sure, for the; I’d say the massive gamers, however you’ve gotten… I
noticed some small and never very massive manufacturers arrive on the China market and really shortly inside a 12 months did perhaps
$1 000 000 US {dollars} over cross border e-commerce in China which is excellent as a result of at a degree
I’d say this cash; while you do that cash, to start with, we will speak perhaps
about it later, but it surely wants funding, in fact. The cross border e-commerce in China wants
funding with a platform particularly if it’s an enormous platform, however the factor is
that you may make sufficient cash then to speculate the cash into perhaps your star
merchandise, to perhaps register it on the China FDA to go on the seventh step and
you understand; the bodily and do offline after which go from on-line to offline and
each and really it’s one thing what I’d say is a long-term technique. If
you wish to plan to remain lengthy in China first start with cross border e-commerce in China and
then launch or register your star product or two or three merchandise with the intention to
do additionally offline and discover a good companion offline. Yeah.

MATTHIEU DAVID: So within the sense of the cross border e-commerce in China, you instructed me that it’s a very costly certification to get as a result of as
you mentioned; 150 000 USD and really when it’s lower than 2000 RMB you don’t
need to pay the taxes when importing. What about speaking and advertising on
it and which platform to decide on? We all know that Tmall has a Tmall world and we all know has achieved
such issues equally, however then and that’s really one thing you had been
starting to speak about; it’s essential promote the product and create site visitors
and search conference and chances are you’ll want folks to really speak on the chat
as a result of it’s obligatory when you’ve gotten a Tmall store, as an example. Are you able to inform us extra about how these
well being dietary supplements promoting on-line via cross border e-commerce in China
are capable of
promote on which platform and learn how to direct site visitors?

LAURENT CIBOT: Effectively, what’s coming first can be the content material since you


LAURENT CIBOT: WeChat or like no matter channel as a result of really the content material
typically some manufacturers and particularly in well being care and in well being complement market in China or perhaps while you go on Twitter extra
OTC medication. They don’t actually have; like extra OTC; like over-the-counter
as a result of medication is one thing completely different, however OTC. Typically they don’t have a
lot of supplies so they should do their supplies.

MATTHIEU DAVID: Sorry to chop you off, however what you imply is that in case you are
promoting offline via… it’s offline or on-line you might be speaking about?

LAURENT CIBOT: I’m speaking about on-line.

MATTHIEU DAVID: On-line okay; so in case you are promoting on-line you’ve gotten your store
and also you want content material as a result of folks would wish to know extra and fairly often
there may be not sufficient, particularly for those who go to an agent or a distributor chances are you’ll
not be capable of speak rather a lot about your model or your product so it’s essential
create for your self your model content material. Is it a superb understanding of what you
are saying?

LAURENT CIBOT: Sure, so it’s essential feed you… when you have a companion it’s essential present this content material or it’s essential feed your prospects; your end-users with content material. So, for among the corporations within the well being complement market in China; some laboratories, particularly French laboratories, typically they don’t have that a lot materials so we have to make it or if they’ve the fabric or they’ve the content material we have to adapt the content material to the well being complement market in China. So, that is perhaps step one after which, in fact, as you mentioned it’s essential select the appropriate channel and naturally, we speak about cross border e-commerce in China. You’ll have to unfold this content material to the appropriate, perhaps, social and, in fact, social media is essential. It’s one thing that comes first as a result of social media is the way forward for cross border e-commerce in China. It’s the current already, however additionally it is the longer term. So, it is dependent upon the model. It is dependent upon the model. It’s a little bit much like social media in Europe or within the US. It’s like you might be in a special room. In case you are on LinkedIn or in case you are on Fb or Instagram, it is rather completely different and it’ll rely additionally on the product. So, really for me, in fact, WeChat is one thing that’s every little thing.

MATTHIEU DAVID: Can you utilize WeChat for cross border e-commerce in China; I imply is it tailored for
cross border?

LAURENT CIBOT: Really I’m speaking about spreading your content material.

MATTHIEU DAVID: Solely the content material.

LAURENT CIBOT: Yeah while you did your content material you’ve gotten all of your content material and I believe it’s essential unfold it in plenty of completely different channels. So, I believe that is I’d say one thing it’s best to do earlier than you start to promote your product or to speak about your model. So, it is going to be in fact to do perhaps an account on WeChat and to provide some context to the potential group or a couple of teams on WeChat, but additionally which is essential for me is Baidu; to do some search engine marketing as a result of it’s stable to talk about your model. As an example, we speak about probiotics; perhaps it won’t be true for different merchandise or different industries, however for probiotics; Chinese language folks have well being points. They don’t really feel effectively with their stomach, they’ve like…

MATTHIEU DAVID: What your thoughts defining probiotic? I’m not certain if everybody
is aware of what a probiotic is. Might you outline that?

LAURENT CIBOT: In fact. It’s good micro organism.  Really, there are many micro organism; good and dangerous, alright? So, consuming probiotics will enable you to combat towards or to be wholesome or to intercept so it’s good micro organism that helps you. It means prolife, really and it lets you be extra wholesome. So your mouth is stuffed with micro organism additionally; good and dangerous and that’s the reason now you will discover probiotics in toothpaste. Yow will discover probiotics now in cosmetics as a result of you’ve gotten plenty of micro organism additionally in your pores and skin. So, it’s now the probiotics are all over the place within the meals, within the dietary supplements; well being dietary supplements, but additionally in every day care merchandise and likewise like every day care merchandise. Sure.

MATTHIEU DAVID: So, you talked about Baidu and search engine marketing as
a key digital asset to create. On which platform ought to or not it’s created; with
your personal web sites like in Europe the place you construct your personal web site and also you attempt
to rank your web site or would you even have one other technique to go on Baidu and different web sites like Sina,
Mini Weblog, and so forth. to construct your presence on-line? What can be the technique for

LAURENT CIBOT: As soon as once more it relies upon, however yeah search engine marketing, Baidu and if you are able to do additionally search engine marketing with the platform while you put it as a result of at a sure level as you mentioned it’s essential promote your product or put your product on the well being complement market in China and to place them on a platform. So, in case you are the producer and it’s a robust model already in France I reckon to go on Tmall in fact; Tmall or on JD and you are able to do additionally search engine marketing on Tmall and JD, you understand, but additionally I imply you understand; it’s all on the system and as an example, you possibly can hyperlink it additionally as a result of it’s the identical group as you understand; Tmall, Youku for the video as a result of it actually wants… We speak concerning the well being care and well being complement market in China so we have to clarify to the folks what it might deliver for them; that it may well make them really feel more healthy and extra snug; like they really feel higher of their lives. Really, you simply requested me what it was; the probiotics. I imply most people don’t actually know what’s it precisely that they heard about it, however in China folks will; perhaps they heard about it and so they know it’s one thing for you understand; once I don’t really feel effectively or I’ve diarrhea or one thing and I take probiotics, however it’s one thing you understand; nonetheless not very well-known so we have to educate that this is essential to have these completely different channels to ship the content material to. I’d say like a video, on this type of video web site or cross border e-commerce in China and even work with KOL. It’s essential as a result of it might deliver you additionally, particularly for the one-shot operation it might deliver one thing to your technique that you understand it’s like sort of one-shot for me, I believe the KOL is like, “Okay I want to set up an operation about – I don’t know – the double 11.” So I’d discover a KOL to push my gross sales on my Tmall store.” It might be fascinating, however really so as a result of I used to be speaking about offline. It is advisable take into consideration your offline as a result of this is essential to the Chinese language. They nonetheless prefer to have this interplay in direction of this expertise. Perhaps they are going to go throughout the weekend with their household to the mall after which they might be to go to purchase some dietary supplements and really the well being dietary supplements market in China; it’s actually a few present. It’s fairly comparable in cosmetics, however really, the complement is one thing you purchase fairly often out of your mother and father or to your children, for your self additionally, however that’s what could be very completely different from the cosmetics so really, the offline might be very fascinating and it’s one thing additionally you possibly can’t neglect. It’s a must to give it some thought as a result of like, sure, at a degree folks might be… your prospects might be blissful to search out our merchandise; the merchandise they’re shopping for, the model they’re shopping for in offline and I’d say to discover a good companion in offline is essential at a degree when your model is already a little bit bit well-known on the cross border e-commerce in China. It is extremely essential to discover a good… that is the following step. Discover a good companion offline to push your model; on-line to offline.

MATTHIEU DAVID: What manufacturers for you’re the most profitable well being
complement manufacturers in China; those that you’d take for instance of what
to do? Would you title a couple of of them?

LAURENT CIBOT: In fact I’d say Australian manufacturers.

MATTHIEU DAVID: Extra particularly; do you’ve gotten some names in thoughts?

LAURENT CIBOT: Sure in fact so I’m desirous about Black Mall as an example or Swiss really which isn’t actually Australian anymore as a result of they’ve been purchased by a Chinese language group referred to as H&H, however sure, this can be a excellent instance of manufacturers that are very profitable in China and sadly French manufacturers are usually not so profitable which is a pity as a result of we’ve plenty of nice corporations and plenty of nice merchandise and types in France for well being dietary supplements, however you understand more often than not while you ask Chinese language about French merchandise in wellbeing and healthcare they are going to take into consideration cosmetics. They’ll; not take into consideration dietary supplements that are a pity as a result of we’ve greater than 400 corporations on this trade. So, we’ve an excellent unimaginable know-how about well being dietary supplements and we’ve nice manufacturers that we export in lots of nations. In China, the issue is that Australian and sure, and firms so principally Australian manufacturers from New Zealand, additionally; they’re very profitable.

MATTHIEU DAVID: How do you analyze why they’re profitable? Might you give some route as to why they’ve been profitable?  How do they convey on well being dietary supplements? What are their advertising and gross sales channels? What’s an identification? What do you assume is the appropriate identification of a well being complement…? Is it exercising to form your physique or is it a hyperlink to really keep good well being? What are the important thing identities they use?

LAURENT CIBOT: They principally simply I imply simply to complete as a result of I used to be answering your earlier query and for me, it’s a pity as a result of you will discover plenty of excellent French corporations in dietary supplements and I believe that the reason being that in these previous years, really the Australian manufacturers and the manufacturers from New Zealand make investments massively in advertising as a result of the markets are the potential and so they make investments massively on these manufacturers onto the well being complement market in China. Really what they’re specializing in or speaking on really is generally about pure dietary supplements hat the ingredient they’re utilizing could be very like unprocessed I’d say, It is extremely pure and is excellent high quality as a result of Australia and New Zealand is an enormous a part of the world. You don’t have that a lot air pollution. It’s effectively preserved and every little thing and so what they’re making an attempt to do is about nature, you understand. They market their merchandise unprocessed.

MATTHIEU DAVID: What do you assume Chinese language are in search of in these merchandise? Are they in search of
efficiency or are they trying to compensate for one thing that’s going dangerous
or are they trying to actually resolve a well being situation? What are the principle causes
why they’d purchase OTC well being dietary supplements?

LAURENT CIBOT: It is dependent upon the section. For those who see they are going to attempt to discover efficiency for those who speak about sport diet which is a really robust section now; a really fast-growing section in China because the Olympics; since after the Olympics so for the previous ten years it has been rising very strongly, however sure, really what they’re wanting principally for dietary supplements; common dietary supplements; like dietary supplements with no chemical substances. Perhaps one thing that might assist them to get some diet they don’t actually get of their every day meals, however with not too many chemical substances.

MATTHIEU DAVID: Is it in a coalition with Chinese language medication or do you’re feeling
really it’s complimenting Chinese language medication? Chinese language medication is about this
stability between cold and warm and all this type of pondering and data about
it; how are the dietary supplements marketed in direction of Chinese language medication? Is it seen as
really a superb combine? Is it seen as western medication? How is it seen?

LAURENT CIBOT: I’d say that it’s complimentary. I believe it’s one thing coming with and what’s very fascinating is that you may see now that some overseas manufacturers and even native manufacturers now; they’re mixing some like conventional medication dietary supplements so TCM dietary supplements with as an example probiotics. So, it’s really sure, it’s really one thing very fascinating since you combine the Chinese language medication and the probiotics and fairly often the probiotics are essential. So, sure it’s one thing really; collectively I believe it’s good as a result of ultimately, the folks might be more healthy. So, both Chinese language medication or level medication and for those who can combine them with none chemical substances.  For those who can take a superb profit from it, it’s excellent.

MATTHIEU DAVID: A number of phrases earlier than we cease as a result of it appears to be nearly one
hour already. One of many purchasers you’ve gotten labored rather a lot with and you might be nonetheless
working with rather a lot is OMEY so far as I understood; O-M-E-Y and
you might be distributing with OMEY manufacturers like Nistula, SVR, Physician Pierre Rico; I
am studying the PPT. It’s plenty of manufacturers distributing in China. OMEY is coming
from France. Might you inform us extra concerning the story of OMEY between France and
China and what are Chinese language purchasers in search of once they go to an OMEY retailer or
the OMEY clinic?

LAURENT CIBOT: OMEY is an organization that’s already nearly 20 years outdated. The
founder and CEO are; I imply I’d say it’s a nice enterprise referred to as Jordan Jia
and he’s somebody with an incredible imaginative and prescient. So it is rather fascinating to work with
him and his workforce and really, Jordan has arrange an workplace in France after
distributing all these manufacturers in China for these previous 20 years. He arrange an
workplace in France round ten years in the past and he actually likes France and the French
merchandise and really, he went; in the future he went to search out me. He contacted me and
he noticed what I used to be doing and we had this very fascinating dialog. He mentioned
after doing
cosmetics for all these years he was very within the French diet
idea as a result of as I used to be saying earlier than, French cosmetics are very well-known in
China, however sadly, the French complement merchandise are usually not actually well-known
in China. It’s a pity as a result of we’ve actually nice manufacturers and that’s what he needed
to do. Really, it was nice as a result of I’ve been pissed off for a few years
as a result of you understand a lot of the French manufacturers in dietary supplements; you possibly can’t actually
discover any of them within the well being complement market in China. So, the thought to launch this idea of French diet,
French complement was one thing actually thrilling. So, we started to work on this
challenge. So it is rather fascinating. This 12 months the primary; the chief in
France in dietary supplements referred to as
Pileje and this can be a very nice

MATTHIEU DAVID: Are you able to spell it?

LAURENT CIBOT: P-I-L-E-J-E and this model are about micro-nutrition and about probiotics additionally. That’s the reason I used to be much more all for doing one thing with OMEY as a result of sure, the dietary supplements based mostly on probiotics are one thing that I actually imagine. I actually imagine on this, particularly within the well being complement market in China. It’s a very robust development in China. I mentioned that the e-commerce cross border re-shaped the complement trade in China, however really the probiotics I’d say would turn out to be quantity two. The cross border e-commerce in China and the probiotics had been really the 2 primary largest developments in China; re-shaped completely the well being complement market in China.

So, at the moment we’re available on the market; it really the second market most likely very quickly. It’ll turn out to be the primary market on this planet for dietary supplements in China. So it’s already a significant market, let’s imagine, however sure and no. Really there are plenty of alternatives as a result of while you see the targets of the complement advertising, particularly some segments about probiotics or the game diet; there are nonetheless many, many issues to do and we’re like in fact, we want to discover – I’m speaking now with main gamers in France – in dietary supplements and OTC industries and I imply sure, that is one thing that we want to do, which is to have a really massive vary of merchandise and types for OMEY to actually launch one thing very formidable for French diet in China.

MATTHIEU DAVID: Thanks very a lot to your time and thanks for
every little thing you probably did to have the ability to catch all these alternatives and particularly
to be within the section of well being
dietary supplements market in China; I believe what could be very
spectacular is that you just discovered this area of interest early sufficient to have the ability to see the
development and maintain it from the start and we see these manufacturers now all over the place
in China. Thanks once more. I hope you loved it and I hope everybody favored additionally
the subject.

LAURENT CIBOT: Alright, thanks very a lot, Matthieu and have an incredible

MATTHIEU DAVID: Thanks. Bye-bye, everybody.

China paradigm is a China enterprise podcast sponsored by Daxue Consulting the place we interview profitable entrepreneurs about their companies in China. You possibly can entry all accessible episodes from the China paradigm Youtube web page.

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