Uncle Bud's, an American company specializing in hemp and CBD-based personal care, has officially launched in Asia on the popular e-commerce platform Tmall Global. As part of the launch, Uncle Bud's partnered with NBA Legend Earvin 'Magic' Johnson, who hosted a one-of-a-kind live stream event on the platform to activate the brand's new Tmall shop.
"The Tmall Global live event is a great way to connect with this viable market and introduce Uncle Bud's products to a new customer base," said Johnson, who was able to host the promotional event from the United States via satellite. In addition to the interactive event, the launch included the release of the 'Uncle Bud's China' website within the Tmall ecosystem, which will be the exclusive source for accessing the brand in Asia.
No doubt, in choosing to expand via Tmall Global, Uncle Bud's has recognized the massive potential of Asian e-commerce and specialty live stream events -- an area that the United States has yet to embrace fully despite its explosive rise overseas.
CBD-Focused Live Commerce Events
Uncle Bud's CBD Launches on Chinese Commerce Platform Tmall
Trend Themes
1. Live Commerce Events - Live stream commerce events present a ripe opportunity for brands looking to connect with new markets and customers.
2. Cbd-based Personal Care - Personal care industry players stand to benefit from incorporating CBD into their products.
3. Specialty E-commerce - Specialty e-commerce sites like Tmall Global represent an area of untapped potential for brands looking to expand internationally.
Industry Implications
1. Personal Care Industry - The personal care industry can benefit from exploring CBD-based product lines and utilizing live stream commerce events to reach new customers.
2. E-commerce Industry - Specialty e-commerce sites like Tmall Global present a wealth of opportunity for companies looking to expand into new markets and adopt live stream commerce strategies.
3. CBD Industry - The CBD industry can leverage the popularity of specialty e-commerce and live stream commerce events to grow their customer base and increase sales.