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<<45678910111213>> Total results:627 References Per Page:

Australian Dairy Provider MG To Invest $90 Million Dollars Constructing Factory In China

May 27, 2010: 05:51 PM EST

Australian company Murray Gouldburn, the world’s second largest diary manufacturer and also the main supplier of many of China’s raw diary materials, launched a charitable event in Beijing while at the same time announcing the investment of 90 million dollars in its plants in Qingdao, China. The money will be used for the construction of a second factory in Qingdao, the company also plans to enter large markets in Beijing and Shanghai beginning in the second half of this year. 

XiaoHong Hu, "迈高(MG)增资9000万美元在华建厂", China Food Network, May 27, 2010
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China Business
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Food Business
Supply Chain
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Australia
China

Carrefour Looks To Buy Top Chinese Retailer Hebei Bao Longcang

May 25, 2010: 02:45 AM EST

Carrefour is looking to buy the leading China-based retailer Hebei Bao Longcang. The two companies are in talks to finalize what will be Carrefour’s first acquisition since it entered the Chinese market. Carrefour Chief Executive Officer Lars Olofsson was previously quoted as saying that the company will hasten growth in China. Hebei Bao Longcang was founded in 1998 and operates 14 stores in seven cities in the provinces of Hebei and Shandong. It reached RMB 3.16 billion in revenues last year. Industry data showed growth of Carrefour’s same store sales in China grew 4.5% year-on-year from January to March this year. In 2009, Carrefour sales in China rose 16% from a year ago.

"Carrefour in acquisition talks with Hebei Bao Longcang", China Knowledge, May 25, 2010, © www.chinaknowledge.com
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China Business
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Retail
Mergers & Acquisitions
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Worldwide
Asia-Pacific
China

China’s Prosperity Creates An Obesity Problem – And A Slew Of Business Opportunities

May 25, 2010: 03:32 AM EST

China’s fast-growing economy has spawned increased prosperity and a major problem with obesity and associated health conditions such as type 2 diabetes, thanks to more sedentary lifestyles and diets containing more meat and processed food. The obesity problem in turn has created numerous new business opportunities for entrepreneurs and big companies with products or services to help the Chinese fight fat. Sales of soy and fruit bars are soaring. Weight Watchers China has opened a center in Shanghai and plans more there and in other cities. Fitness companies like Bally are launching gyms and health clubs, adding to the 3,000 currently in existence. And that means fitness equipment suppliers are thriving as well.

Frederik Balfour, "Chinese Fight Growing Girth With Weight Watchers, Soyjoy Bars", Bloomberg Businessweek, May 25, 2010, © BLOOMBERG L.P.
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China Business
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China

Wal-Mart Eyes Larger Chinese Market

May 23, 2010: 03:34 AM EST

Retail giant Wal-Mart will build new stores in China within the year to further strengthen its hold in the local market. Wal-Mart Asia Chief Executive Officer Scott Price, who was attending the Global Summit of Women 2010 in Beijing, was quoted as saying that the company is planning to add 10 million square feet to its existing store space in China. Calling it a “huge expansion," Price said the American retailer currently operates around 200 stores in 87 Chinese cities. The company also said it plans to cut energy and resource consumption by 40 percent in 2010 from 2005.

"Retailing giant Wal-Mart to expand business in China ", Xinhua News , May 23, 2010, © Xinhua News Agency
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China Business
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Retail
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China

Metro To Join Ranks of Global Retailers in China

May 21, 2010: 03:25 AM EST

German retailer Metro is joining the ranks of global retailers in China as it announced the opening this year of the first Media Markt consumer electronics store in Shanghai and the expansion of the Cash & Carry chain. Eckhard Cordes, Metro chief executive, said Metro would be increasing its presence in China this year after lying low on its investments last year. Frans Muller, head of Metro Cash & Carry for Asia and new markets, said Media Markt would open its flagship store on Huai Hai road this year. There are plans to open 10 stores in Shanghai by 2010 and at least 100 more if everything goes well. Cash & Carry, on the other hand, hopes to increase its stores from 44 to 50 by the end of the year and then build smaller stores in central Shanghai.

Patti Waldmeir, "Metro set to accelerate investment in China", Financial Times , May 21, 2010, © The Financial Times Limited
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China Business
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Shiseido Eyes Larger Chinese Market, Acquires HK Subsidiary

May 14, 2010: 02:46 AM EST

Japanese cosmetics giant Shiseido will take over operations of its Hong Kong-based distributor Dah Chong Hong Cosmetics (SDC) to strengthen its foothold in the Chinese cosmetics market. SDC distributes Shiseido products in Hong Kong, Macau and mainland China. The acquisition is part of Shiseido’s three-year plan to become a top player in the global cosmetics industry. Shiseido said it’s eyeing stronger sales in China, which it considers a significant global cosmetics market.

"Shiseido to acquire 100% of its Hong Kong subsidiary", Premium Beauty News, May 14, 2010, © Premium Beauty News
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China Business
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Retail
Mergers & Acquisitions
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Worldwide
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China
Hong Kong

China Expected To Become World's Largest Consumer Of Nutritional Supplements In 2010

May 10, 2010: 06:08 PM EST

With increasing health and wellness awareness, China should become the world’s top consumer of nutrional supplements in 2010. China’s sales of nutrional supplements more than doubled from US$5.6 billion in 2006 to US$13.4 billion in 2009, making it the second largest purchaser in the world after the United States (US$16.1 billion in 2009). This rapid growth has come with changes in industry structure. In previous years, sales companies played the role of a middleman between pharmacists and supplement manufacturers. However this role is no longer needed because of increasing competition and the rise of pharmacy chains that have better marketing capabilities; instead, suppliers can now sell direct to pharmacy chains. Notably, health products and supplements have replaced drugs as the most profitable category for drug stores.

China News Network, "2010年我国将成全球最大保健食品消费国", China News Network, May 10, 2010
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China Business
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Food Business
Retail
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China

Despite Barriers, Opportunities Exist For Products Targeting Women’s Health In China

May 3, 2010: 09:00 PM EST

The market for dietary supplements for women’s health in China is a huge one, especially for products that target aging, skincare, weight loss, detox, prenatal care and blood enrichment. Chinese women have always had their homegrown, and affordable, health remedies, like “bird’s nest” and donkey hide gelatin, a fact that has so far made the market almost impenetrable for Western companies. On top of that are other barriers: government regulations, lack of consumer awareness, and resistance to prices boosted by shipping costs, taxes and import fees. But importers have reason to be optimistic. Especially encouraging is the fact that China’s version of the FDA is drafting new rules designed to nurture the industry and expand consumer education about Western nutritional and other supplements.

Jeff Crowther, "Inside China: Women’s Health in China", Nutraceuticals World, May 03, 2010, © Rodman Publishing
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China Business
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China Approves Omega-3 Fish Oil And Powder As Food, Beverage Ingredients

April 26, 2010: 08:56 AM EST

The People’s Republic of China has approved omega-3 fish oil and fish oil powder as “novel food ingredients” for use in any food and beverage category for consumers of all ages. Chinese food companies already include omega-3 DHA in many infant formulas and children’s foods. The approval by the Chinese government acknowledges that long-chain omega-3 fatty acids are necessary “good” fats that deliver health benefits that may be missing in the typical Chinese consumer’s diet, according to Ocean Nutrition Canada Limited (ONC), a supplier of omega-3 EPA/DHA food and dietary supplement ingredients. The company said the Chinese market “will quickly follow the lead of both North America and Europe, where omega-3 fortified food and beverage new product launches are showing excellent growth.”

"China Ministry of Health Approves Omega-3 Fish Oil and Fish Oil Powder as Novel Food Ingredients", Food Ingredients First, April 26, 2010, © CNS Media BV
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Four Keys To Profitable Joint Ventures In China And India

March 1, 2010: 03:53 AM EST

As the economies of China and India continue to grow rapidly, multinationals are forced to navigate a variety of market challenges and government regulatory obstacles. Key problem: complex partnership rules bar controlling ownership of certain entities by foreign companies. So firms seeking to extend and deepen commercial relationships with the two economic giants must find ways to operate joint ventures profitably and maintain adequate strategic control. Drawing from examples of past JVs gone sour, this article tells how to structure and manage partnerships in China and India: separate JV operations into different components, each with a different partner; make sure partners agree with your strategic goals; retain the power to name key managers and to view operational info; and secure control of the “ecosystem:” companies that supply with parts or services.

Anil K. Gupta and Haiyan Wang, "How to Avoid Getting Burned in China and India", Business Week, March 01, 2010, © Bloomberg L.P.
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India
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China Establishes Its First Research Center For Sensitive Teeth

February 22, 2010: 09:38 PM EST

China's first research center for sensitive teeth, LengsuanLing sensitive teeth research center, was recently established in Chongqing. The center was formed by Chongqing Naruyasu oral care Inc. in conjunction with the Chinese Stomatological Association and the China Oral Care Products Industry Association. It has three subdivisions: the Technical Advisory Committee, Technical Evaluation Committee, and the R&D center. The center will address the needs of people with sensitive teeth. Roughly one in three Chinese people reportedly suffer from hypersensitivy, an incidence that can reach 40% in the elderly. Naruyasu, which claims to be a national leader in the Chinese toothpaste industry, aims to build a world-class R&D center that will allow it to consolidate its position in China but also compete in other markets. 

China Oral Care Products Industry Association, "中国首家抗牙齿敏感研究中心成立 以科技创新求发展成为牙膏行业共识", February 22, 2010
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China Business
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Personal Care
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China Approves GMO Rice, Corn As Safe To Grow And Use

December 1, 2009: 02:40 AM EST

China, which produces 31 percent of the world’s rice and 20 percent of the corn, has approved home-grown, genetically modified strains of the two staples that will yield pest- and herbicide-resistant crops to boost food supplies. The country had only approved GMO cotton for large-scale production, according to this Bloomberg report, but potential water and farmland shortages are forcing a re-evaluation of policy. According to a market researcher, trial planting, marketing and public acceptance of the crops are necessary before mass-production and commercialization take place. Nevertheless, the Chinese agricultural ministry called it “an important achievement for domestically researched GMO technology.”

Feiwen Rong , "China’s GMO Rice, Corn Approval May Boost Food Supply (Update2) ", Bloomberg News, December 01, 2009, © Bloomberg L. P.
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Food Business
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Elizabeth Arden Finds Fertile Ground In The Largely Untapped Chinese Market

September 7, 2009: 03:53 AM EST

The cosmetics market in China is projected to grow 12.5 percent annually through 2012, a fact not lost on Elizabeth Arden Inc., which has already captured one percent of the market. The company has makeup and skin-care counters in 77 cities, including all of the country’s biggest and a sizable number in the second-tier. Execs say they’re not worried about lower-priced competition or a cultural distrust of synthetic ingredients. But the company is adjusting its marketing strategy for Chinese consumers, according to this report: focusing on skincare products, establishing “first-touch” counters, and offering skin whitening and anti-aging products.

Si Tingting , "Cosmetics Firm Expands In China ", Xinhua.net, September 07, 2009, © Xinhua News Agency
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Germany’s METRO Finds Success With Wholesale Formula In China

September 7, 2009: 04:30 AM EST

German grocery wholesaler METRO Cash & Carry continues to successfully expand in China, adding four new business-to-business stores this year in two provinces for a total of 42 nationwide. The outlets serve the needs of hotels, restaurants, caterers, other companies and institutions, and small- and medium-sized retailers. China is a lucrative market, ripe for expansion, according to this China Daily report, with METRO already experiencing 15 percent annual growth in turnover. Hoping to further entrench itself in the region, METRO plans to launch five new brands exclusively in the Chinese market.

Tuo Yannan , "METRO to open four new stores", China Daily, September 07, 2009, © China Daily Information Co (CDIC)
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Tesco to Open Largest Supermarket Mall in Qingdao

July 29, 2009: 12:34 AM EST

British supermarket group Tesco is opening a supermarket mall in Qingdao, China in December 2009. This will be the largest such development in the city, with an area of 820,000 square feet. The complex will have seven floors and parking space for 600 vehicles. Other tenants include KFC and Pizza Hut. Tesco entered the Chinese market in 2004 and now operates 65 supermarkets and six convenience stores in 29 Chinese cities.

"Tesco To Open Lifespace Mall In Qingdao", China Retail News , July 29, 2009, © ChinaRetailNews.com
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Government Foils Coca-Cola Bid For Chinese Juice Maker

July 10, 2009: 09:06 AM EST

Coca-Cola executives were disappointed when the Chinese government put an end to its $2.4 billion quest to acquire China’s top juice manufacturer Huiyuan Juice. But that didn’t dim its enthusiasm for the giant marketplace. A company exec said Coca-Cola regrets the government’s decision, and is “reassessing” its options. “Yes,” a company exec said, “we now have to compete with them." Among the options: launching one of its own juice drink brands, such as Simply Orange or Cappy, to compete against Huiyuan. Or marketing a pure juice product.

Samuel Shen and Ben Blanchard, "Coke eyes own pure fruit juice brand in China", Reuters, July 10, 2009, © Thomson Reuters
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Online Marketing Expanding in China to Counter Recession

June 22, 2009: 03:23 AM EST

Online advertising is taking off in China as marketers look for ways to boost the profile of brands and products in a tight economy. China has more than 300 million internet users, 100 million of them online gamers. Online advertising revenue reached $2.5 billion in the past year, according to an iResearch Inc report in February. Companies such as Coca-Cola, Unilever, Intel and Nike are increasingly associating their products with online games, and taking advantage of new websites that encourage interaction between consumers and producers.

Zhu Shenshen and Ding Yining, "New online tactics target consumers", Shanghai Daily, June 22, 2009, © Shanghai Daily Publishing House
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Chinese Inspectors Find No Melamine, Uncover More Illegal Food Additives

May 12, 2009: 05:59 AM EST

More than four million law-enforcement officials have found no further cases of melamine-contaminated milk in China in the last four months, says the Chinese Health Ministry. But they have uncovered more than 7,620 cases of illegally used food additives, arrested 30 suspects, closed 3,309 unlicensed food makers and revoked 87 business licenses of makers using illegal food additives, said Su Zhi, deputy director with the ministry's food safety coordination and supervision bureau. The inspectors seized 68 tonnes of illegal food additives and 116.3 tonnes of excessively used food additives during the campaign, initiated when thousands of Chinese children became ill after being fed milk contaminated with melamine. Officials are about to publish a third “blacklist” of forbidden chemicals, based on new substances found by the inspectors after tip-offs from public informants.

"No melamine found in raw milk by nationwide tests, Health Ministry says ", China.org.cn, May 12, 2009, © China.org.cn.
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Shiseido Gets Busy in China with New Outlets

May 11, 2009: 05:27 AM EST

Japanese cosmetics and beauty specialist Shiseido plans to open 700 new outlets in China this year, bringing the total to 4,000. The Maquillage brand will also be promoted this year. The company plans to increase sales by more than 20 percent in 2010 to $100 million and the number of customers to 5 million. China's cosmetics market is estimated to be worth about $900 million, with L'Oreal the biggest seller.

"Shiseido to open 700 stores in China ", Nikkei Weekly, May 11, 2009
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In China Carrefour Promotes, Shuffles Top-Performing Executives

May 8, 2009: 04:04 AM EST

Carrefour China is promoting “outstanding” senior executives and shuffling them around the country. The move will not affect the company’s Chinese investment strategy, according to Chen Bo, Carrefour China's director for public relations. Carrefour’s China operation outperformed the rest of the world in the first quarter of 2009, according to the company's latest financial report. Chinese revenue rose 3.1 percent, compared with a 2.8 percent drop overall. Among the moves announced by Carrefour: East China president Patrick Ganaye moves to Taiwan; South China president Pierre Bertholat takes over in East China; Carrefour financial director Stephane Deutsch becomes president for South China; and Carrefour China's director for development Patrice Moulin replaces Deutsch.

"Carrefour China Implements Major Executive Moves", ChinaRetailNews.com , May 08, 2009, © ChinaRetailNews.com
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Chinese Consumers Turn Against J&J, China's Dominant Baby Care Supplier

April 27, 2009: 04:50 AM EST

China's consumers are shunning Johnson and Johnson following allegations in the US of formaldehyde and dioxane in the company's baby bath products. A poll by advertising and media group ifeng.com showed that three-quarters of respondents said they had stopped buying J&J. According to Euromonitor, J&J accounted for almost 70 percent of baby care products sales in 2008 in China, dwarfing its nearest rival, the Chinese company Tianjin Yumeijing, which had 8 percent. The baby care products market is forecast to be worth $450 million in 2009, according to Euromonitor. Chinese parents spend around 30 percent of household income on their children up to the age of 14.

Andrew Moody, "Consumers worried about Johnson & Johnson", China Daily, April 27, 2009, © China Daily Information Co (CDIC)
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Wal-Mart Changes China Lay Off Plan

April 24, 2009: 05:22 AM EST

Wal-Mart in China has backed down on a plan to lay off 2000 middle management employees, after the Shenzhen trade union federation stepped in. Instead, the company will pay $450 to each employee who agrees to be transferred or receive training for new jobs. Some employees say it will take time to rebuild trust. The consumer chain store has 147 outlets in China and 50,000 employees.

Beijing newsroom , "Wal-Mart China sweetens jobs deal after union talks", Reuters, April 24, 2009, © Thomson Reuters
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China Stops Coca-Cola's Bid for Fruit Juice Brand

March 19, 2009: 07:56 AM EST

Coca-Cola's £1.7bn bid to acquire Huiyan, the largest pure juice brand in China, has been halted by the country's new anti-monopoly laws brought in to meet nationalist demands. Coca-Cola has over half of the Chinese fizzy drinks market but just 10% of the fruit and vegetable juice sector. The European Chamber of Commerce in China is seeking an explanation for the deal being blocked.

Ed Kemp, "Coca-Cola bid to dominate Chinese juice market derailed", marketingmagazine.co.uk, March 19, 2009, © Haymarket
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Lallemand and Biostime Form New Probiotics JV To Target China

November 27, 2008: 07:14 PM EST

Lallemand SAS and Biostime Inc have extended the partnership they formed in 2000 with a new joint venture to market probiotics in China. Biostime France is based in Blagnac (France) and equally owned by French probiotics maker Lallemand SAS and Chinese marketer and distributor Biostime Inc. Lallemand specializes in research, development and production, while Biostime distributes to 15,000 outlets in China. The two companies launched “Biostime Probiotic Sachet for Children” in China after it was registered there in 2002. Sales have grown 20 percent a year since then, and are expected to reach 100 million sachets in the near future. The companies now plan to market adult and senior products.

"Lallemand and Biostime Launch Probiotic JV in China", November 27, 2008, © FLEXNEWS
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Re-think on Foreign JVs in China

September 18, 2008: 01:48 PM EST

China’s melamine scare is making the industry realize that food safety measures and precautions in foreign joint ventures have to be as thorough as in Europe. If an investment stake is too small, there might not be enough leverage to take action. In China, a joint venture is a legal entity, and has to operate under Chinese rules. International companies need to think very carefully about whether they trust the local structures. Danone ran into problems with Wahahah while Remy Martin, Fosters and Peugeot all regretted their joint ventures.

"Choose Your Joint Venture Partner with Care", FoodNavigator, September 18, 2008, © Decision News Media
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Zerose OK in China

September 17, 2008: 12:31 PM EST

China has allowed Cargill to sell Zerose erythritol sweetener with no restrictions on its applications. Erythritol sales in China rose to more than 320 tons in 2007, according to Euromonitor, and are forecast to rise to at least 635 tons in 2012. Zerose is non-glycemic and non-insulinemic.

"Cargill Gets Chinese Seal of Approval for Erythritol Brand", FoodNavigator, September 17, 2008, © Decision News Media
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Coca Cola Gets into Chinese Medicine

February 1, 2008: 12:00 AM EST

Coca Cola has invested $80 million in the Academy of Chinese Medical Sciences in Beijing, initially to develop drinks incorporating Chinese herbs and formulas. The academy is affiliated to the Ministry of Public Health, and Coca Cola is the first foreign company to be allowed to use the institute. China is the company’s fourth biggest market, with sales doubling since 2002 and accounting for five percent of global sales.

Shane Starling, "Coca Cola Invests in Traditional Chinese Medicine", Functional Ingredients, February 01, 2008, © Penton Media, Inc.
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