JL Warren Capital

JL Warren Capital LLC is a leading independent equity research firm focused on Chinese companies and listed multinationals in China. We employ a bottom-up research approach that takes great care to avoid the acquisition of material non-public information. Through investigative due diligence including channel surveys and interviews, our research helps clients to pinpoint the dislocations in the market.

Investment Advisors

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Investment Advisors, JL Warren Capital

Junheng Li

Equity Bottom-Up

On November 11th, three weeks after the company’s annual outing in Thailand, <a href="https://www.smartkarma.com/entities/6216" target="_blank" data-smartkarma-citation="entities:6216:1">Herbalife Ltd (HLF US)</a> China announced a couple of new policies designed to improve compliance in the sales channel and to increase recruits, which will assist in offsetting the increasingly competitive landscape of multilevel marketing companies (MLM). Reduction of Points Requirement for Distributor EnrollmentThe accumulated PPV (Personal Purchased Volume) required to become a qualified distributor has now been reduced…

On November 11th, three weeks after the company’s annual outing in Thailand, Herbalife Ltd (HLF US) China announced a couple of new policies designed to improve compliance in the sales channel and to increase recruits, which will assist in offsetting the increasingly competitive landscape of multilevel marketing companies (MLM). Reduction of Points Requirement for Distributor EnrollmentThe accumulated PPV (Personal Purchased Volume) required to become a qualified distributor has now been reduced…

Herbalife China Q4:  New Policy in Favor of New Recruits