Industry Health & Wellness{{}} Website www.tiens.com Number of employees 10,000 | Area served Worldwide Founded 1995, Tianjin, China | |
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Products TCM BasedNutritionDietary supplement Revenue $1.5 billion USD (2016) Subsidiaries Tianshi International Holdings Group Ltd Profiles | ||
Tiens group 19th anniversary celebration in moscow 2014 conference
Tiens (/ˈtiːɛns/, from Chinese: 天狮; pinyin: Tiānshī; literally: "heavenly lion") is a Chinese multinational conglomerate, mainly operating in biotechnology, logistics, finance, property, international trade, retail, e-business, education and tourism. The company headquarters are in the port city of Tianjin. Smaller business operations were noted in September 2003 on NASDAQ and in April 2005 on AMEX.
Contents
- Tiens group 19th anniversary celebration in moscow 2014 conference
- Operations
- Fraud allegations
- References
Operations
The business was founded in by Li Jinyuan. Starting in spring 1998, it was able to establish itself on the international market. Its first business activity was the export of traditional Chinese medicinal products, Calcium tablets and instant coffee. These products were sold via direct marketing directly to consumers, reaching 16 million customers in 190 countries as of 2009, according to the company's website. Most consumers were located in Russia, with some 60,000 in Germany.
Through a multi-level marketing approach, Tiens supplies its products through independent agents to the final customer. As of 2009, Tiens claimed to have more than 12 million direct salespeople worldwide, including over 40,000 in Germany alone.
In May 2015, the company sent 6,400 employees on a four-day tour of France. While in Nice, they set a Guinness World Record for the longest "human made phrase".
Fraud allegations
In Karachi, Pakistan, Federal Investigation Agency has arrested an alleged member of a Tiens group involved in minting money through employing fraudulent tactics. FIA officials told media that the group tricked people by offering jobs. The Company uses Pyramid Scheme to ask peoples for huge amount money for jobs first, next give them their medicines to sell others, so that they get their money back as commission from theirs sales. Thus pushing more peoples into similar traps, A TV program also shown for public awareness about all of their tactics.