China Food

China food’s new acquisition of 170 million yuan, PepsiCo’s appointment of new executives, Xicha’s stake in yecuishan, Wangwang’s alleged price adjustment notice, Yibao’s 4 billion project in Heyuan, and Weilong’s hearing through the Hong Kong stock exchange



Hot company information and announcement

 

 

China Food spent more than 170 million yuan on new acquisitions


COFCO’s China Food announced today that its indirect non wholly-owned subsidiary acquired a total of 15% equity interest in COFCO Coca Cola Hebei and 13% equity interest in COFCO Coca Cola Inner Mongolia through the public sale of the Beijing stock exchange. The bid winning prices were 139.95 million yuan and 33.28 million yuan respectively. The acquisition provides a good opportunity to further expand the company’s beverage bottling production, sales and distribution business and grasp the long-term growth trend of China’s beverage market. It also reflects the long-term commitment to China’s beverage bottling business. (company announcement)

Xi tea shares in the new tea drink yecui mountain


Recently, according to the information of the national enterprise credit information publicity system, Shenzhen Haolin catering Co., Ltd., an affiliated company of the new tea brand “yecuishan”, underwent industrial and commercial changes, with Nie Yunchen as the chairman and Xi tea (Shenzhen) Enterprise Management Co., Ltd. as the shareholder. At the same time, the registered capital of the company increased to about 345300 yuan. Founded in Shenzhen in 2019, yecuishan is a brand of natural high-quality fresh fruit juice. At present, it has more than 30 stores. (issued by caijing.com and the company)

Founder of Yuanqi forest revealed two new overseas acquisitions

A few days ago, Tang Binsen, founder of Yuanqi forest, told “later”: “Baijiu, beer, and energy are also being worked out. The boundaries are still not clear. The wine should not be too anxious. You see, the last China’s consumer goods are state-owned enterprises, because we are slow. We recently invested in a British children’s food company and bought an Australian oat milk. Our idea is to serve the global market best in the world.”

 

Fuling pickled mustard raises product prices


Fuling pickled mustard announced on the evening of November 14 that the ex factory prices of some products were adjusted. The increase range of each category was 3% – 19%. The price implementation began at 17:00 on November 12. Today, Fuling pickled mustard opened with a daily limit. (interface News)


Wangwang was accused of raising retail prices from December


According to market information quoted by Sina Technology recently, Wangwang sent a terminal price adjustment notice to dealers. The notice shows that with the rise of market raw materials, transportation costs and labor costs, Wangwang decided to adjust the retail prices of dozens of products, including Wangzai milk, snow cake and Xianbei, from December 1, 2021. (Sina Technology)


克明食品上调产品价格


On the evening of November 12, Chen Keming Food Co., Ltd. announced that in view of the continuous rise in the costs of flour, packaging materials and transportation, in order to better provide high-quality products and services to dealers and consumers and promote the sustainable development of the market and industry, after research and careful consideration, the company decided to increase the price of various series of products of the company, and the new price will be implemented from December 1, 2021 Qualification policy. (China Securities Network)


Wei long passed the listing hearing of HKEx


港交所文件显示,卫龙美味已通过港交所上市聆讯。卫龙5月中曾向港交所递交招股书,而今次是第二次闯关。根据最新的招股文件,2018年至2020年,公司营业收入分别为27.52亿元、33.85亿元、41.2亿元;今年上半年收入为23亿元,按年升22%。利润分别为4.76亿元、6.58亿元、8.19亿元;今年上半年利润则为3.58亿元,按年跌2.5%。今年上半年毛利为36.9%,按年跌0.6个百分点。(香港经济日报)


China Resources Yibao new drinking water project is located in Heyuan, with a total investment of 4 billion yuan


On November 12, the signing ceremony of China Resources Yibao (Heyuan) drinking water production base project was held in Heyuan Conference Center. It is reported that China Resources Yibao (Heyuan) The drinking water project is planned to cover an area of about 800 mu, with a total investment of 4 billion yuan. It mainly produces and sells natural drinking water, beverages and other products of China Resources Yibao brand. After the project is fully put into operation, it is expected that the annual output value will reach 5 billion yuan, the tax will reach 400 million yuan, and the annual water consumption will be about 3 million tons. (issued by Yuancheng)

Beijing Huiyuan Beverage and food has no property to execute


Recently, the execution ruling involving Beijing Huiyuan Beverage and Food Group Co., Ltd. was published. The document shows that in the case of the bill recourse dispute between the applicant Tongguan County fuel company and the executee Beijing Huiyuan Beverage and Food Group Co., Ltd., there is no real estate registration, deposit, securities information, etc. available for execution under the name of the executee through the feedback of the online execution investigation and control system. (Zhongxin Jingwei microblog)

 

Sanquan food plans to build a new base project in Zhengzhou airport


On November 12, Sanquan food announced that it planned to sign an investment cooperation agreement with the Management Committee of Zhengzhou airport economic comprehensive experimental zone to build a new Sanquan food base project in Zhengzhou airport economic comprehensive experimental zone with Sanquan food or its wholly-owned subsidiary as the implementation subject, with a total investment of about 2.4 billion yuan. The construction content includes 600000 cubic meters of intelligent cold chain warehousing and logistics system project Production of 500000 tons of quick-frozen rice noodle food manufacturing projects, etc. (Financial Associated Press)

 

Pu Shaohua, former chairman of Guangming dairy, took over as chairman of Lianhua supermarket


On November 12, Lianhua Supermarket announced that ye Yongming had resigned as the chairman, non-executive director, chairman of the strategy committee and chairman of the nomination committee of the company due to the adjustment of his responsibilities. The board of directors further announced that Pu Shaohua had been appointed as the chairman, non-executive director, chairman of the strategy Committee and chairman of the nomination committee of the company. (Leju Finance)

 

Beinmei will carry out business related to maternal and child health care in the future


Beinmei said on the investor interaction platform on November 12 that the company has participated in Guangxi mumi Beibei obstetrics and Gynecology Hospital Co., Ltd., which will carry out maternal and child health care related business in the future. (Daily Economic News)


Honey Snow Ice City applies for the trademark of “Honey snow swimming city”


Recently, Michelle Ice City Co., Ltd. applied for the registration of several trademarks such as “Michelle swimming city”, “Michelle water city” and “Michelle ice city”. The international classification involves convenience food, beer and beverage, and the current trademark status is “trademark application”. (36kr)


Tmall’s double 11 “king of drinks” came out, and Nongfu mountain spring ranked first in turnover for five consecutive years


According to tmall’s official disclosure, in the water beverage industry, whether from November 1 to 0:00 on November 12 or on November 11, the cumulative sales of tmall Nongfu mountain spring flagship store is the first among all water drinks, and Gmv has more than doubled year-on-year. At the same time, according to the statistics of the third-party full platform, Nongfu mountain spring Gmv has topped the list for five consecutive years. (nanzao.com)

 

Hubang chili sauce sold more than 6.9 million cans on the double 11


This year’s double 11, the total sales volume of hot sauce brand Hubang exceeded 6.9 million cans, the overall sales volume was 160% in the same period last year, and the cumulative consumers of the whole platform exceeded 170000. In terms of products, the new meat chili sauce launched by Hubang in October was launched on tmall double 11 for the first time. As of 24:00 on the 11th, more than 100000 cans had been sold. Another hot selling item topped the list of Jingdong spicy sauce condiments for 8 days. (issued by the company)

Low alcohol wine “falling drink” completed the pre-A round of financing


Today, the low alcohol liquor brand “Luoyin” announced that it had completed a pre-A round of financing of nearly ten million US dollars. This round of financing was led by Bai capital, Tiantu investment and xvc. This is another round of financing completed in less than a year. In December 2020, Tiantu investment made an angel round investment in Luoyin. Luoyin focuses on Guofeng tea and fruit wine series products, and the product degree is mostly about 10-12 degrees. (36Kr)

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


On November 12, the food evaluation center of the State Administration of Market Supervision issued the approval (decision) to be received. The approval (decision) for formula registration of 8 infant formula milk powder products is to be received. The details are as follows: (State Administration of market supervision)


Japanese sushi giant plans to expand Chinese market


Japanese revolving sushi chain brand sushi Lang will open more branches in China and other Asian markets in the next three years. Sushi Lang’s first restaurant in mainland China opened in Guangzhou in September this year. It is expected to open 42 to 46 stores in mainland China within three years. Sushi Lang also plans to increase the number of stores in Hong Kong, Singapore, South Korea and Thailand. (interface Newsletter)

PepsiCo appoints new executives


On November 12, PepsiCo appointed two new executives. Jane wakely will serve as executive vice president, chief consumption and marketing officer and chief growth officer of PepsiCo food international business. Ram Krishnan, the current chief commercial officer, will serve as the CEO and chief commercial officer of the newly established PepsiCo beverage international business. Both executives report to Ramon laguarta, chairman and CEO of PepsiCo. (issued by the company)


20% of Yizi China’s total sales come from e-commerce


Maurizio brusadelli, executive vice president of Yizi and President of Asia Pacific, Middle East and Africa, said in an interview that Yizi’s e-commerce sales in Asia, Middle East and Africa increased by about 30% this year. In China, electricity supplier sales account for 20% of total sales, thanks to the partnership between tiktok and Alibaba group. These platforms can make the company’s products appear more frequently in the vision of consumers. (Bloomberg)


Amazon and Starbucks are accused of planning to open a joint brand coffee shop


The website of Forbes magazine recently quoted business insider as saying that internal documents show that Amazon and Starbucks are negotiating to launch a joint brand coffee shop. It is reported that the two sides plan to establish a leisure style cafe to combine Amazon go, an unmanned convenience store of Amazon, with Starbucks coffee service. The internal code of the project is “Verde”. The project will run under a new brand, not under Amazon or Starbucks. (reference message)


Quick reading of food industry information

 


国家统计局:消费者物价指数不会大幅上涨


The National Bureau of Statistics said that from the overall situation of industrial and service supply, the market supply is still relatively sufficient, and the consumer price index (CPI) does not have the basis for a sharp rise. In terms of consumption, the total retail sales of social consumer goods in October increased by 4.9% year-on-year, 0.5 percentage points faster than the previous month, and the market sales increased steadily. (china.com)

 

O2o leisure snack category white paper released


Today, Mars arrow China, dada group and Kaidu consulting jointly released the white paper on o2o leisure snacks. According to the white paper, the market scale of leisure snacks o2o exceeds 1 billion, the growth rate of online sales is 32%, and the customer unit price of JD home platform is about 51 yuan, both higher than offline. With its high growth rate and customer unit price, leisure snacks have become one of the important categories of o2o channel. (issued by the company)

 

High speed railway milk tea is online, with an average of 3000 cups sold per day


Recently, China Railway Guangzhou Bureau Group Co., Ltd. Guangzhou EMU catering company took the lead in launching high-speed railway milk tea. The package of each cup of high-speed railway milk tea is printed with the image of high-speed railway catering steward, named “the girl”. According to China Railway, “that girl” sells an average of 3000 cups a day and is often out of stock. (Daily Economic News)

 

The State Administration of Market Supervision issued an announcement on standardizing the labeling of infant formula milk powder products


On November 12, the State Administration of Market Supervision issued an announcement on further standardizing the labeling of infant formula milk powder products. The full text of the announcement is as follows: (State Administration of market supervision and Administration)


The General Administration reported that 13 batches of food failed to pass the sampling inspection


On November 12, the state market supervision and Administration issued a notice on the unqualified sampling of 13 batches of 9 categories of food. The specific unqualified conditions are as follows: (state market supervision and Administration)



The content of iron powder in hot selling powdered food in South Korea exceeds the standard


Recently, the Korean consumer Institute, a consumer protection agency in South Korea, tested 40 powdered foods sold on the Internet in South Korea. It was found that the content of metal foreign matter, i.e. iron powder, in 12 products exceeded the standard, up to 22 times the standard value. These products have not been found to be sold on China’s e-commerce platform, but they do not rule out flowing into the domestic market through other channels. (CCTV)

Opening of Beijing stock exchange

At 9:30 a.m. on the 15th, the Beijing stock exchange officially opened in Beijing Financial Street. The first batch of 81 listed companies of Beijing stock exchange made a collective appearance, reflecting the distinctive characteristics of innovative small and medium-sized enterprises. Different from the Shanghai and Shenzhen Stock Exchange, the Beijing stock exchange adheres to the market logic of “progressive layers”, and the listed companies come from the innovation layer of the new third board. More than 80% of the companies come from advanced manufacturing, modern service industry, high-tech service industry, strategic emerging industries and other fields, and 17 are specialized “little giant” enterprises. (Xinhua News Agency)

Latest data of double 11 cross-border e-commerce promotion of customs and comprehensive bonded areas all over the country

The cumulative order volume of Badi shuang11 period with published data exceeded 31 million orders. (ECOSOC)

Dawan District start-ups are optimistic about growth prospects

A survey released by the Hong Kong Trade Development Council on Monday found that most start-ups in Guangdong, Hong Kong and Macao are optimistic about their development prospects; More than 70% of the respondents expect their income to grow by more than 25% in the next three years, of which 18% even expect to more than double. (Reuters)

 

About Tencent and trembling tiktok talks about opening up


In November 11th tiktok received applications from Tencent’s creative service platform, hoping to access the tiktok open platform. Tencent said tiktok, a two hit video of a tiktok exclusive copyrighted works, can be sent to the jitter and added to the content of the jitter. In response to the Tencent application, the tiktok has also replied to the mail, and the two sides will soon push forward the details. Tiktok official account


Pay attention to “snack generation (wechat: foodinc)” and watch the wonderful news.

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