China Food

Yum China and others were accused of considering bidding for Wagas. Weilong or recently broke through the barrier to raise US $1 billion. The construction of Dongpeng Huazhong headquarters project was started, and Nanchang University responded to Li Jiaqi’s academic qualifications

Hot company information and announcement


Yum China, happy bee and RBI were accused of considering bidding for Wagas

According to market news, yum China Holdings, Jollibee food, a Philippine food brand, and RBI, the parent company of Burger King and Tim Hortons coffee, are considering bidding for food and baking chain Wagas. In addition, some private equity also expressed interest in bidding. This year, Wagas is expected to achieve sales of RMB 1.2 billion, and its owners are seeking a valuation of US $800 million to US $1 billion. The news also indicates that buyers will appear as soon as the end of this year, and the transaction is expected to be completed next year. (Bloomberg)

Chuan Weilong delicacy recently broke through the barrier and plans to raise $1 billion

According to market news, Weilong delicious, a manufacturer of spicy snacks, will go to the Hong Kong Stock Exchange recently to seek approval for listing. It was reported earlier that the company planned to raise US $1 billion (equivalent to about HK $7.8 billion), with Morgan Stanley, CICC and UBS as co sponsors. (Reuters)


The construction of Dongpeng beverage central China headquarters project is expected to achieve an annual output value of 1 billion yuan


Yesterday, the foundation laying ceremony of Dongpeng beverage central China regional headquarters and Changsha production base project was held in Changsha. The project is the eighth production base of Dongpeng beverage in China, marking the acceleration of Dongpeng’s national strategic layout. It is reported that the project covers an area of about 120 mu, with a total investment of 600 million yuan. It integrates the office, production, sales and logistics distribution of Dongpeng central China regional headquarters, and is equipped with 6 automatic intelligent beverage production lines, mainly producing “Dongpeng special drinks” and other best-selling products. After the project is completed and put into operation, it is expected to achieve an annual output value of 1 billion yuan. (company news)


The amount of re cooperation between free food and New Zealand reached US $20 million


Free food group, an Australian dairy exporter, has participated in the Expo for four consecutive years. At the exhibition site, free food group cooperated with New Zealand again and will negotiate more in-depth cooperation policies, including more different forms of dairy products and the strategic layout of the production line. The contract amount reached US $20 million. It is understood that at the site of the fourth China International Fair, free food group also signed cooperation intentions with Jingdong, Huizhong, Minmetals Group, Shanggang, Yonghui and other enterprises, with a total amount of more than 59 million US dollars. (company news)

Haidilao responded to closing 300 stores

On November 9, Yang Lijuan, executive director and deputy CEO of Haidilao, received an exclusive interview with Caijing. She said that many of the 300 stores announced to be closed this time were newly opened in 2020 and 2021. This shows that Haidilao misjudged the recovery speed after the epidemic. “Our vision is to live on.” Yang Lijuan said, “it looks like a great difficulty today. Maybe it won’t be a difficulty in five years.” (Finance and Economics)

New mask sales within the business scope of Xi tea

Tianyancha app shows that recently, Shenzhen Meixi Catering Management Co., Ltd., an affiliated company of Xicha, has undergone industrial and commercial changes, and the business scope has added daily mask (non-medical) sales, etc. (36 krypton)


Haohuanluo affiliated company was fined 70000 yuan for violating the safety production law

On November 10, tianyancha app showed that Liuzhou Dehua Food Co., Ltd., a related company of haohuan snail, added an administrative penalty. The reason for the penalty was that the employees of the unit did not hold the corresponding special operation qualification to engage in electrical operation, which violated the provisions of paragraph 1 of Article 27 of the work safety law; The unit failed to make safety technical disclosure to the on-site operators in accordance with the regulations, and failed to inform the dangerous factors, preventive measures and accident emergency measures in the workplace and post, which violated the provisions of Article 41 of the work safety law. In conclusion, Yufeng District Emergency Management Bureau of Liuzhou City imposed a combined fine of 70000 yuan on the unit. (Beijing business daily)


Convenience store brand “convenience bee” has nearly 100 stores in South China

The layout of convenience store brand “convenience bee”, which started in Beijing, has achieved phased results in the South China market. In February 2020, convenience bee opened its first store in South China in Shenzhen and landed in Guangzhou in June of the same year. By the end of October this year, convenient bees began to layout cities such as Dongguan, Zhongshan, Foshan and Huizhou. So far, the total number of convenience bee stores in South China has been nearly 100. (interface News)

Meituan buys vegetables and cooperates with Mengniu to build an exclusive pasture

On November 8, meituan shopping signed a strategic cooperation agreement with Mengniu, announcing that it would conduct in-depth cooperation in the field of fresh milk supply chain and Internet retail. In addition to jointly building the exclusive pasture of “meituan buying vegetables”, the two sides will also carry out comprehensive cooperation in new product development, Internet brand marketing and fresh milk product circulation and upgrading. (New Express)


Ketuo biology expects Mengniu Dairy to continue to purchase probiotics

Today, Ketuo biology said on the investor interaction platform that the company transferred a probiotic to Mengniu Dairy in the third quarter, and the raw material bacterial powder of the probiotic is still produced by the company. Mengniu Dairy is expected to continue to purchase from the company. (Daily Economic News)

The digital group meal platform “American meal” won US $100 million in round e financing

The digital group meal platform “American meal” announced that it had completed a round e financing of US $100 million. This round was invested by Dazheng capital and index capital served as the exclusive financial adviser. This round of financing will be mainly used for product R & D investment, overseas market business promotion, supply chain system optimization and organizational capacity improvement. (36 krypton)


Yesterday, the food evaluation center of the State Administration of Market Supervision issued the approval (decision) to be received, involving the approval (decision) to be received for the formula registration of 10 infant formula milk powder products. The details are as follows: (State Administration of market supervision)


15 infant formula milk powder product formula registration approval (decision) to be received

Recently, the food evaluation center of the State Administration of Market Supervision issued the approval (decision) to be received, involving 15 infant formula milk powder products. The formula registration approval (decision) to be received is as follows: (State Administration of market supervision)



Yesterday, doordash agreed to acquire wolt, a European food delivery company, in an all stock transaction of more than $8 billion. The deal marks the latest merger in the highly competitive catering industry. During the health crisis, the income of the catering industry soared, but it was difficult to make a profit. Last year, grubhub agreed to merge with just east takeaway in Europe, and Uber acquired smaller competitor postmates. (Wall Street Journal)


Mars chocolate bars will be certified as carbon neutral in 2023

Recently, Mars has promised that all Mars chocolate bars sold in the UK, Ireland and Canada will obtain carbon neutral certification by 2023.   Mars announced that its Mars chocolate bar will reduce its carbon footprint in these countries by more than 20%. The company plans to use satellite data for geographical mapping of cocoa farms and accelerate cooperation with suppliers to produce dairy products more sustainably. (Foodbev)


Arla Foods announced a five-year strategy for sustainable dairy production

Recently, Arla Foods announced a five-year strategy to improve the sustainability of its dairy production and develop its business responsibly. Arla said that in the next five years, it is ready to increase its investment in sustainability, product innovation, capacity expansion and digitization by more than 40% to more than 4 billion euros. The company also announced a new retention policy and allocated more than € 1 billion in higher compensation in the next strategic period to support its farmers’ owners in fulfilling their sustainable development mission. In the overall business, Arla raised the target to reduce greenhouse gas emissions by 63% by 2030. (Foodbev)



Quick reading of food industry information



Fortune’s latest list of “China’s most influential business women” was released

Yesterday, fortune released the list of “China’s most influential business women in 2021”. Qu Cuirong, CEO of Yum China, Qian Ying, director of Muyuan Food Co., Ltd., Zhang Jiayin, CEO of McDonald’s China, and Wang Jingying, chairman of Starbucks China, were included in the list. (wealth)


The fourth China International Fair ended with an intended turnover of US $70.72 billion

Today, the fourth China International Fair ended in Shanghai. At the closing press briefing, sun Chenghai, deputy director of China International Import Expo Bureau, revealed that in one year, the cumulative intended turnover of the fourth China International Import Expo was US $70.72 billion, a slight decrease of 2.6% over the previous one. (interface News)


Australia’s food exports to China fell by two places

According to the data released by China International Import Expo on Sunday, the total amount of food imported by China from Australia in 2020 was US $7.1 billion (a $9.6 billion), a decrease of 8.3% compared with 2019. This means that Australia has dropped from second to fourth in the list of food exporters to China. (Aohua Finance Online)


Experts pointed out that the root cause of the chaos of “double 11” live broadcasting is the imbalance of competitive ecology

The rule of law daily pointed out today that there are three major chaos in the live broadcast of “double 11”. The first is the hunger marketing of the live broadcasting room, and the price is misleading; The second is the anchor’s monologue, which is time-consuming and labor-consuming for consumers; Third, the quality of commodities is different and uneven. In view of the chaos of live broadcasting with goods, relevant experts pointed out that the root cause lies in the imbalance of live broadcasting competition ecology. (rule of law daily)

Nanchang University responded to Li Jiaqi’s academic background

Today, the alumni office of Nanchang University issued a note on Li Jiaqi’s alumni: Recently, we have paid attention to the online discussion about Li Jiaqi’s alumni. After verification, Li Jiaqi is a full-time undergraduate majoring in dance in Nanchang University in 2011. He has studied and lived in the school for nearly 4 years. He left the school ahead of schedule due to work reasons and graduated. (surging)

Suspected of privacy non-compliance, 12 apps such as Alibaba and Amazon shopping were notified

The National Computer Virus Emergency Response Center recently found that 12 e-commerce shopping mobile applications had privacy violations through Internet monitoring, violated the relevant provisions of the network security law and the personal information protection law, and were suspected of collecting personal information beyond the scope. As the “double 11” is approaching, experts remind everyone to improve personal protection awareness and avoid the disclosure of personal privacy information. (surging)

Tencent’s performance decelerated in the third quarter

Today, Tencent holdings released its performance report for the third quarter of 2021. The report shows that its revenue in the third quarter was 142.37 billion yuan, a year-on-year increase of 13%. In terms of profit, the net profit attributable to equity holders of the company was 39.5 billion yuan, a year-on-year increase of 3%, and the net profit under non IFRS was 31.75 billion yuan, a year-on-year decrease of 2%  。 In the third quarter, the revenue of online advertising business increased by 5% year-on-year to RMB 22.5 billion, with a growth rate of 16% in the same period last year. (Interface)

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