China Food

Ant group suspended listing, the former CEO of Tesco joined PepsiCo’s board of directors, Nestle coffee double 11 increased by 4 times, Yili’s wholly-owned subsidiary subscribed for overseas private equity funds, and Starbucks’ Christmas red cup returned


Hot company information and announcement

 


Ant group suspended listing (interface news, Tencent Technology)

This evening, ant group announced in the Hong Kong stock exchange that ant Technology Group Co., Ltd. announced that it has received the notice from the relevant regulatory authorities in mainland China today. Due to the supervision and interview of the actual controller, executive chairman and general manager of the company, and the change of financial technology regulatory environment, the company may not meet the relevant listing conditions, or Therefore, it is decided to suspend the listing of a shares of the company on the science and technology innovation board. Therefore, the simultaneous listing of H shares on the main stock exchange of Hong Kong Limited will also be suspended.

In response to the suspension of listing of ant group, a spokesman of Alibaba group said tonight: “we will work with ant group to actively cooperate and embrace supervision. We believe that the students of ant group have the confidence and ability to carry out the work well. The society wants us to be better, and we must try our best to achieve and exceed the expectations of the society. This is the responsibility of our group of people. “

PepsiCo appoints former Tesco CEO Dave Lewis as a board member (company news)


Yesterday, PepsiCo announced that Dave Lewis, the former chief executive of Tesco, would become a member of the board and a member of the audit committee. The appointment took effect on November 13. Lewis served as CEO of Tesco from 2014 to 2020. Previously, he was a senior executive of Unilever. He worked in Europe, America, Asia and other markets. He served as chairman of Unilever’s UK and Ireland markets, President of America and global president of Unilever’s personal care department.



Nestle carries out biodiversity conservation project in raw material base (company news)


In order to implement the strategy of “protecting natural resources”, Nestle cooperated with the nature conservation association to carry out the biodiversity protection project of paddy field in Zhaoyuan County, Daqing City, Heilongjiang Province. In the project area, there are 8660 mu of organic farmland and 18473 mu of conventional farmland, which provide high standard and high quality raw materials for rice agricultural products for Nestle and Xu Fuji.

 

On the first day of double 11, Nestle coffee business in the distribution platform increased by 400% (Beijing News)


According to the Beijing News, yesterday Nestle coffee released the first day of the “double 11” war report, which showed that the overseas flagship store of Nestle coffee business became the No.1 overseas flagship store of coffee category, and achieved a 400% year-on-year increase in the distribution platforms such as pinduoduo. In addition, the Starbucks home coffee operated by Nestle achieved 136% growth on tmall platform and 455% growth in Jingdong.


The net profit of Yizi in the first three quarters decreased by 23.7% (company announcement)


Yesterday, Yizi International announced the company’s third quarter report of fiscal year 2020: in the first three quarters, the net profit attributable to the common shareholders of the parent company was 2.399 billion US dollars, a year-on-year decrease of 23.7%; the operating income was $19.283 billion, up 1.73% year-on-year.


Yili’s wholly owned subsidiary participates in the subscription of Overseas Private Equity Fund (company announcement)

Yili Co., Ltd. announced today that the wholly-owned subsidiary Hong Kong Jingang trading Holding Co., Ltd. intends to subscribe for PAG Asia consumer LP fund shares with its own funds as a limited partner, with a subscribed capital of 295 million US dollars, accounting for 29.5% of the investment fund. There is no related party transaction in this investment, which does not constitute a major asset restructuring.


Yili establishes “yizhiniu” animal husbandry (national enterprise credit information publicity system)


According to the information from the national enterprise credit information publicity system, Inner Mongolia yizhiniu animal husbandry Co., Ltd. is registered in Hohhot City, Inner Mongolia Autonomous Region, and was established on October 30, 2020. The legal representative is Yan Zhijun, and the registered capital is 10 million yuan. The business scope includes the purchase, processing and sales of halal meat and by-products; the cultivation of beef cattle; the acquisition, breeding, slaughtering and sales of cattle, sheep and horses.

It is said that Thailand’s Tencel will hand over part of the southern market of Red Bull anagee to Budweiser China


According to the first finance and economics report today, after announcing the cooperation with “six walnuts”, Thailand’s Tencel may hand over the market operation rights of Red Bull anaiji in “Fujian, Zhejiang and Guangdong” to Budweiser China. In this regard, Thailand’s Tencel replied: “there is no official response at present.”


Meituan responds to rumors of second listing in mainland China next year (surging News)


According to the surging News quoted by the news agency today, meituan is considering a second listing in mainland China as soon as next year. Meituan’s China listing plan is at an early stage and no final decision has been made, the report said. In this regard, meituan responded surging, and the reporter said that there was no relevant listing plan or timetable.

Bubble juice brand “good hope water” completed nearly ten million yuan Angel round financing (36 krypton)


According to 36 krypton today, bubble juice brand “good hope water” has completed nearly ten million yuan Angel round financing, and the investor of this round is Challenger capital. According to the founder of good hope water, this round of funds will be used for product R & D investment, organization construction and channel development.


Users after 90 and 95 account for more than 65% of maternal and child platforms (iResearch)


According to 36 krypton today, iResearch consulting report shows that the monthly living of Internet maternal and infant market will increase to 646 million in the first quarter of 2020. The average daily usage frequency of maternal and infant app users is 4.6. The post-90s and post-95s are the mainstream users of the maternal and infant platform, accounting for more than 65%. According to Suning’s double 11 Wukong list, as of 12:00 on November 3, Nestle occupied the first place in the list of maternal and infant milk powder, but the overall brand sales ranking fluctuated greatly. Feihe rose three places compared with the day before yesterday and successfully won the first place.

Yanjin shop: the company’s baked potato chips fully meet the national standards (Securities Times)


Today, Yanjin shop announced on the detection of acrylamide in several companies’ baked potato chips: the safety indicators of the company’s baked potato chips, such as microorganisms and heavy metal pollutants, fully meet the requirements of national food safety standards, and are qualified products. The company has made a key breakthrough in reducing acrylamide content in the processing of traditional fried / baked food, and will apply relevant technologies as soon as possible in the future. In addition, the Shenzhen Consumer Council also issued a statement, saying that at present, there are no regulations or standards for the limit of acrylamide in food at home and abroad. There is no so-called excessive acrylamide, so consumers need not panic.

 

Catering group inspire brands acquired Dunkin’s brands (Foodbev) 75.5 billion


Inspire brands, a catering group, has agreed to buy Dunkin ‘brands, the parent company of Dunkin’ Donuts and Baskin Robbins, for about $11.3 billion, foreign media reported yesterday. In the all cash merger agreement, inspire brands acquired Dunkin ‘brands for us $106.50 per share and assumed all the debts of Dunkin’ brands.

Inspire’s Restaurant portfolio already includes major restaurant chains such as Arby’s, buffalo wild wings and Jimmy John’s.

Starbucks red cup returns (interface News)


Starbucks China announced yesterday that from November 3, Starbucks China will replace paper cups in its stores with this year’s Christmas red cups, and will launch three Christmas season limited drinks, namely, taffy Hazelnut Latte, which returns almost every year in the Christmas season, and new lava black chocolate and gold Christmas Tea lattes, respectively.


Nestle launches cinnamon toast crispy milk drink (delish)


According to foreign media reports, Nestle has launched a cinnamon toast crunch milk, which consumers can use to replace the traditional milk soaked cereal cereal for breakfast. The product will be available in supermarkets and convenience stores in the United States in January 2021, with a price of about US $2.49 per bottle (about RMB 16.6 yuan). At that time, Nestle will also launch two other products: strawberry flavored protein milk and dark chocolate whole milk.

 

UK brand cracked launches liquid based egg substitute (Foodbev)


According to foreign media reports yesterday, cracked, a British brand, has launched a liquid vegetable egg replacement product “cracked the no egg egg egg”, which is made of pea protein and is cold pressed to retain flavor and nutrients. It is suitable for egg free baking and salty dishes. This product helps vegetarians get enough vitamin B12 without allergens.



Quick reading of food industry information

 

 

In the first three quarters, the business income of beverage manufacturing enterprises above designated size decreased by 8.2% year on year (consumer goods industry department)


According to the information of the Department of consumer goods industry, from January to September, the business income of beverage manufacturing enterprises above Designated Size nationwide reached 343.14 billion yuan, a year-on-year decrease of 8.2%; and the total profit was 36.85 billion yuan, a year-on-year decrease of 1.3%. The output of beverage manufacturing enterprises above designated scale in China reached 129.444 million tons, down 6.1% year on year. Among them, 17.18 million tons of drinks were produced in September, up 6.4% year on year.


前三季全国规模以上酿酒企业利润总额同比增长7.1%(消费品工业司)


According to the information of the Department of consumer goods industry, from January to September, the total operating revenue of wine making enterprises above Designated Size in China reached 601.02 billion yuan, a year-on-year decrease of 0.3%; the total profit reached 127.72 billion yuan, with a year-on-year increase of 7.1%. Liquor production of large-scale breweries nationwide reached 4.779 million kiloliters, down 10.4% year-on-year; beer production was 28.135 million liters, down 6.8% year-on-year; wine production was 208000 kiloliters, down 23.5% year-on-year.

Goods re transported into China due to epidemic situation are exempted from import and export related taxes (Sina Finance and Economics)

Novel coronavirus pneumonia is not subject to import duties and import value-added tax or consumption tax, but export duties have been refunded within 1 years from the date of export, because the reasons for the new crown pneumonia epidemic are not force majeure, the Ministry of finance, the General Administration of customs and the General Administration of Taxation said today. From January 1, 2020 to December 31, 2020, the export duties will be refunded.

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