Jump to content
Main menu
Main menu
move to sidebar
hide
Navigation
Main page
Recent changes
Random page
Help about MediaWiki
Special pages
Niidae Wiki
Search
Search
Appearance
Create account
Log in
Personal tools
Create account
Log in
Pages for logged out editors
learn more
Contributions
Talk
Editing
Amway
(section)
Page
Discussion
English
Read
Edit
View history
Tools
Tools
move to sidebar
hide
Actions
Read
Edit
View history
General
What links here
Related changes
Page information
Appearance
move to sidebar
hide
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
==Global markets== According to the Amway website, {{as of|2011|lc=y}} the company operated in over 100 countries and territories, organized into regional markets: the Americas, Europe, greater China, Japan and Korea, and SE Asia/Australia. Amway's top ten markets are China, Korea, the United States, Japan, Thailand, Taiwan, India, Russia, Malaysia and Italy.<ref name="sales"/> In 2008, Alticor announced that two-thirds of the company's 58 markets reported sales increases, including strong growth in the China, Russia, Ukraine and India markets.<ref>{{cite news |url=https://www.reuters.com/article/pressRelease/idUS173002+05-Feb-2009+PRN20090205 |title=Amway Parent hits 50th year running recording 15% sales growth |work=Reuters |access-date=July 9, 2011 |date=February 5, 2009 |archive-url=https://web.archive.org/web/20090511084835/http://www.reuters.com/article/pressRelease/idUS173002+05-Feb-2009+PRN20090205 |archive-date=May 11, 2009 |url-status=dead |df=mdy-all}}</ref> ===Amway Australia=== * See ''[[Amway Australia]]'' ===Amway China=== Amway China launched in 1995. In 1998, after abuses of illegal [[pyramid scheme]]s led to riots, the Chinese government enacted a ban on all [[direct selling]] companies, including Amway.<ref>"Chinese officials ban direct marketing", April 22, 1998 [[Associated Press]], The Associated Press</ref> After the negotiations, some companies like Amway, [[Avon Products, Inc.|Avon]], and [[Mary Kay]] continued to operate through a network of retail stores promoted by an independent sales force.<ref>{{cite news |title=Amway, Once Barred in China, Now Finds Business is Booming |first=Leslie |last=Chang |date=March 12, 2003 |work=[[The Wall Street Journal]] |url-access=subscription |url=https://www.wsj.com/articles/SB104743545419760000 |access-date=December 27, 2019 |archive-date=December 27, 2019 |archive-url=https://web.archive.org/web/20191227025239/https://www.wsj.com/articles/SB104743545419760000 |url-status=live }}</ref> China introduced new direct selling laws in December 2005, and in December 2006, Amway was one of the first companies to receive a license to resume direct sales. However, the law forbids teachers, doctors, and civil servants from becoming direct sales agents for the company and, unlike in the United States, salespeople in China are ineligible to receive commissions from sales made by the distributors they recruit. In 2006, Amway China had a reported 180,000 sales representatives, 140 stores, and $2 billion in annual sales.<ref>[http://www.mlive.com/business/kzgazette/index.ssf?/base/business-3/116693763565130.xml&coll=7 "Amway, Mary Kay get long-awaited direct-selling licenses in China"] {{Webarchive|url=https://web.archive.org/web/20070930154752/http://www.mlive.com/business/kzgazette/index.ssf?%2Fbase%2Fbusiness-3%2F116693763565130.xml&coll=7 |date=September 30, 2007 }} Rob Kirkbride, December 24, 2006, ''[[Kalamazoo Gazette]]''</ref> In 2007, Amway Greater China and South-east Asia Chief Executive Eva Cheng was ranked no. 88 by ''Forbes'' magazine in its list of the World's Most Powerful Women.<ref name="ForbesWomen">{{cite news |url=https://www.forbes.com/lists/2008/11/biz_powerwomen08_Eva-Cheng_34MT.html |title=Forbes' The 100 Most Powerful Women; No.88 Eva Cheng |work=Forbes |access-date=July 9, 2011 |date=August 27, 2008 |archive-date=August 5, 2011 |archive-url=https://web.archive.org/web/20110805010429/http://www.forbes.com/lists/2008/11/biz_powerwomen08_Eva-Cheng_34MT.html |url-status=live }}</ref> In 2008, China was Amway's largest market, reporting 28% growth and sales of 17 billion yuan (US$2.5 billion).<ref name=LevinD>{{cite news|last=Levin |first=Dan |title=Amway's China Redux |url=https://www.forbes.com/global/2009/0907/companies-sales-amway-china-redux.html |access-date=17 January 2023 |newspaper=Forbes |date=August 27, 2009 |url-status=live |archive-url=https://web.archive.org/web/20090829074138/http://www.forbes.com/global/2009/0907/companies-sales-amway-china-redux.html |archive-date=August 29, 2009}}</ref> According to a report in ''[[Bloomberg Businessweek]]'' in April 2010, Amway had 237 retail shops in China, 160,000 direct sales agents, and $3 billion in revenue.<ref name=EinhornB>{{cite news|last=Einhorn|first=Bruce|title=Why Amway and China are a Good Fit|url=http://www.businessweek.com/magazine/content/10_16/b4174064710167.htm|access-date=June 16, 2011|newspaper=[[Businessweek]]|date=April 8, 2010| archive-url=https://web.archive.org/web/20110606102312/http://www.businessweek.com/magazine/content/10_16/b4174064710167.htm| archive-date= June 6, 2011 | url-status= dead}}</ref> Since then, Amway has been continuing to expand in China, even as the government has been imposing greater restrictions on the company,<ref>{{Cite news|last1=Mcmorrow|first1=Ryan|last2=Myers|first2=Steven Lee|date=2018-01-08|title=Amway Made China a Billion-Dollar Market. Now It Faces a Crackdown.|language=en-US|work=The New York Times|url=https://www.nytimes.com/2018/01/08/business/amway-china.html |archive-url=https://ghostarchive.org/archive/20220101/https://www.nytimes.com/2018/01/08/business/amway-china.html |archive-date=2022-01-01 |url-access=limited|access-date=2021-10-26|issn=0362-4331}}{{cbignore}}</ref> and launched a [[WeChat]] mini-program in 2021.<ref>{{Cite web|title=Amway ramps up campaign to increase influence in China|url=https://www.shine.cn/biz/company/2110216723/|access-date=2021-10-26|website=SHINE|language=en|archive-date=October 26, 2021|archive-url=https://web.archive.org/web/20211026211238/https://www.shine.cn/biz/company/2110216723/|url-status=live}}</ref>
Summary:
Please note that all contributions to Niidae Wiki may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Encyclopedia:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)
Search
Search
Editing
Amway
(section)
Add topic