There has been a lot of good news for Herbalife recently. They just handed out $30 million in bonuses to distributors, signed a Soccer team with a world wide celebrity playing on it and now they are announcing China’s granting of a direct-selling license.

Herbalife Ltd. (NYSE:HLF), a global nutrition direct-selling company,
announced today that it has received its direct-selling license from
China’s Ministry of Commerce.

The license permits Herbalife to conduct a direct selling business
in Suzhou and Nanjing in the Jiangsu province. Over six million people
live in Suzhou, the fifth largest Chinese city based upon GDP, and
approximately eight million people live in Nanjing, which is the second
largest commercial center in East China after Shanghai.

Herbalife currently operates 42 stores and 17 service centers in 25
provinces in China. The company operates a unique direct-selling model
in China in accordance with local regulations. Independent distributors
who are employed by the company conduct their business in retail
locations owned by Herbalife. Consumers and other distributors come
into the store to buy product and learn more about the business
opportunity. Now that a license has been granted, Distributors will be
allowed to conduct business outside of the store in the particular
province and cities named in the direct selling license.