Tiens Group Co. Ltd, China's multinational conglomerate in biotechnology, education, retail, tourism, finance, international trade and e-business, is planning to invest $20 million in logistics to complement its varied business interests in the country.

The planned investment would complement the company's interest in retail, tourism, finance, international trade, and e-business.

The company has recently signed a memorandum of agreement with the government. Tiens Group's initial investment in logistics will be followed by more investments in other areas such as biotech traditional drug manufacturing.

Established only in 1995, Tiens Group Co. Ltd. is already doing business in more than 190 countries. It has set up 50,000 franchised stores around the world and has branches in 110 countries.

The company is trying to gain a foothold in the Asia-Pacific region through Indonesia where the Asia-Pacific Region of Tiens Group is based.

Since 2000, the company's business presence has expanded to the entire Asia-Pacific region, including Malaysia, Singapore, Brunei, Thailand, Vietnam, India, Japan and the Philippines. The company has about two million active distributors in the region alone.

Although the company is engaged in highly diverse businesses, its primary interest is in health food, health care products, skin care products and home care products.

It is competing with direct selling cosmetic brands like Sweden-based Oriflame, US-based Amway and Avon. Since its establishment, Tiens has developed and produced 37 nutrition supplements, which include wellness products and dietary supplements.(EHL)