We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?
<<12345678910>> Total results:627 References Per Page:

Coca-Cola China Introduces Coconut-Flavored Sprite

July 4, 2019: 12:00 AM EST
Coca-Cola Company in June launched a coconut-flavored Sprite variant in China that contains 2.5 percent coconut water and zero sugar. The launch of Sprite Coconut involved all channels across most of the provinces in the country at a recommended retail price of $0.87 in convenience stores and $0.70 in other retail outlets. A Coca-Cola spokesman said the new launch would bring “new brand touchpoints to consumers through product innovations.” Recent Coke innovations in China included Sprite Fiber+, launched last year. The soft drink contains 7.5 g of dietary fiber, or 30 percent of the suggested daily fiber amount.
Tingmin Koe , "Sprite Coconut: Coca-Cola bringing ‘new brand touchpoints’ to the China", Food Navigator Asia, July 04, 2019, © William Reed Business Media Ltd
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Geographies
Worldwide
Asia-Pacific
China

U.S. Trade War Deters Suntory From Further Investment In China

July 2, 2019: 12:00 AM EST
Japan’s Suntory Holdings will delay further investment in China because of the uncertainties stemming from the U.S.-China trade war. CEO Takeshi Niinami said the company prefers to be in Southeast Asia rather than in China, and is bullish on India, the world’s largest whisky market by volume. The company is also adjusting strategies to sell to Millennials, who are drinking less alcohol than previous generations. To help sell alcohol to Millennials, Suntory is marketing more premium alcohol types. It is also trying to attract beer drinkers to consume more premium products. Although Suntory is still operating in China, Niinami said the company needs further clarity on the U.S.-China trade dispute before further investment decisions can be made. [Image Credit: © SUNTORY HOLDINGS LIMITED]
Huileng Tan, "Japanese brewer Suntory will hold off investing in China amid the trade war", CNBC.com, July 02, 2019, © CNBC LLC. A Division of NBCUniversal
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Geographies
Worldwide
Asia-Pacific
China
Japan

Nongfu Spring Introduces Sparkling Coffee Beverage In China

May 31, 2019: 12:00 AM EST
China’s Nongfu Spring is going head-to-head with Coca-Cola with an RTD bottled sparkling coffee beverage in the country. The mineral water company’s carbonated coffee product will be first sold in the 1st and 2nd tier cities in China, with e-commerce, schools, and new retail as the main sales channels. The retail price of the RTD carbonated coffee is set at $0.70 to $0.90 a bottle. Two years in development, the new product is made with coffee beans sourced from Ethiopia and Brazil. Coca-Cola announced earlier this year that it was planning to launch Coca-Cola Coffee in 25 markets, including China, by the end of this year. Coca-Cola’s coffee unit Costa has been operating in China since 2007. Instant coffee remains the most commonly consumed format in China, with more than 70 percent of the market share, followed by coffee beans, coffee capsules, and RTD coffee.
Tingmin Koe , "New horizons: China water giant Nongfu Spring moves into carbonated coffee market", Food Navigator Asia, May 31, 2019, © William Reed Business Media Ltd –
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Geographies
Worldwide
Asia-Pacific
China

Oatly Battles Low Awareness Of Nondairy Milk As It Prepares To Enter Chinese Market

May 29, 2019: 12:00 AM EST
Swedish oat drink manufacturer Oatly hopes to build a foothold in the Chinese beverage market, where studies show most Chinese consumers are at least a little lactose intolerant. There are no official statistics, but research has shown that lactose intolerance affects around 30 percent of Chinese children, and 92 percent of adults. The brand launched in Hong Kong in 2016, where it is sold in supermarkets, Starbucks, Pacific Coffee outlets, and independent cafes. It has opened an office in China to prepare for a launch there. The Chinese government strongly supports the dairy industry and encourages milk production, but dairy alternatives have been growing. Oatly wants to make a splash in the nondairy milk category, but first has to tackle its branding and the low awareness of dairy alternatives. Ninety-six percent of consumers in Hong Kong, for example, only think of cow's milk when they see the Chinese character for milk. Only two percent think of plant-based milk.
Richard Whitehead , "Oatly has sights set on great march into China", Dairy Reporter, May 29, 2019, © William Reed Business Media Ltd
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Geographies
Worldwide
EMEA
Asia-Pacific
Europe
China
Hong Kong
Sweden

Legal Challenges Have Not Impeded Nongfu Spring’s NZ Water Bottling Plans – So Far

May 11, 2019: 12:00 AM EST
New Zealand’s Environment Court and High Court continue to tackle complicated water bottling issues, including the allegation that lax environmental regulation encourages companies such as Nongfu Spring to set up in New Zealand with few barriers. The New Zealand Trade and Enterprise (NZTE) has courted the company for several years as an economic development strategy in the face of multiple legal challenges over environmental and other concerns. The Chinese beverage giant, second only to Nestlé in the global production of bottled water, has negotiated with New Zealand government officials, including local Maori elders, over the building of a water bottling plant in the Eastern Bay of Plenty. Nongfu’s Shanshan Zhong told the elders of a local tribe his company would be good for the community, and local people would be offered jobs first. It would be the company’s first bottling plant outside of China. Nongfu Spring intends to bottle 580 million liters per year using two state-of-the-art, high speed bottling lines. Almost all of the bottled water would be shipped to China for distribution. 
Charlie Mitchell, "Chinese water giant Nongfu Spring was courted by Government officials as public opposition grew", Stuff.co.nz, May 11, 2019, © Stuff Limited
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Regulation & Legislation
Geographies
Worldwide
Asia-Pacific
China

Nestlé Opens Pop-Up Coffee Shop In Beijing

April 28, 2019: 12:00 AM EST
Nestlé's 80-year-old coffee producer Nescafé this month is opening a pop-up coffee shop – the Nescafé Sense Café – in Beijing, China, the third offline outlet in China for the brand. Nestlé China's coffee unit reached saw double-digit growth last year, highlighted by ready-to-drink coffee and capsule coffee. The pop-up store was designed to create an immersive experience that blends culture, architecture, and art, a Nestlé spokesman said, to keep up with the ever-changing demands and consumption trends. In April, Nestlé unveiled a new locally-developed fruit-flavored ice soluble coffee that targets young consumers.
Wang Zhuoqiong, "Nestlé introduces pop-up store in Beijing", chinadaily.com.cn, April 28, 2019, © China Daily Information Co (CDIC)
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Marketing
Geographies
Worldwide
Asia-Pacific
China

Nongfu Spring Forges Partnership With Water Sports Organization FINA

April 2, 2019: 12:00 AM EST
Olympic water sports administrator FINA has inked a four-year partnership with Chinese mineral water maker Nongfu Spring. The partnership includes the FINA/CNSG Diving World Series, the FINA World Championships 2019/2021, FINA World Swimming Championships (25m) 2020/2022, FINA/CNSG Diving World Series 2019-2022, and FINA Swimming World Cup 2019-2022. “We hope we can contribute to the further development of world aquatics,” said Zhong Xiaoxiao, vice president of Nongfu.
Denis Bedoya, "China’s enterprise Nongfu Spring indicators partnership with FINA", Inforsurhoy, April 02, 2019, © Infosurhoy LLC
Domains
China Business
Focus Areas
Sectors
Beverages
Marketing
Geographies
Worldwide
Asia-Pacific
China

China’s Dairy Firm Yili Will Acquire New Zealand’s Westland Milk

March 19, 2019: 12:00 AM EST
A subsidiary of China’s state-owned dairy company Yili Group will acquire Westland Milk Products of New Zealand for $403 million. A company executive said the proposed transaction would be “the best available outcome” for shareholders, the price being “attractive … to the Westland shares’ nominal value.” The company decided to explore ownership options when it couldn’t deliver competitive milk pay-out in recent years. Hongkong Jingang Trade Holding, a subsidiary of Yili, will carry out the acquisition. Yili has been in New Zealand since 2013 when it acquired Oceania, the South Canterbury-based dairy company.
Jules Scully, "Yili set to acquire Westland Milk Products in deal worth $403m", FoodBev Media , March 19, 2019, © FoodBev Media Ltd
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Mergers & Acquisitions
Geographies
Worldwide
Asia-Pacific
China
New Zealand

Wahaha Pulls Packaging That Claims Its Milk Boosts Breast Size

March 7, 2019: 12:00 AM EST
China’s largest beverage company Hangzhou Wahaha apologized to consumers earlier this month after complaints about an on-package ad showing a young girl praising Vitamin A&D Calcium Milk for its ability to enlarge breasts. The company claimed the ad was a real quote from a consumer. The company issued a statement saying: “Each and every quote used is selected from Internet users’ comments and we have obtained their permission to use them – it’s not a slogan.” Nevertheless, the company said it had stopped using the packaging after social media criticism called the ad misleading and vulgar. Last month, Hainan Coconut Palm Group, maker of a popular coconut milk, was forced to remove ads that showed large-breasted women in skimpy tops alongside slogans such as “I drink from small to big.” 
Mandy Zuo , "Chinese firm Wahaha sorry for label claiming milk drink could make breasts bigger", South China Morning Post, March 07, 2019, © South China Morning Post Publishers Ltd.
Domains
China Business
Focus Areas
Sectors
Beverages
Marketing
Geographies
Worldwide
Asia-Pacific
China

Carlsberg Buys Into Chinese Microbrewery

March 4, 2019: 12:00 AM EST
Danish brewer Carlsberg will assume responsibility for distributing Chinese craft brewery Jing-A’s beer portfolio after acquiring a minority stake in the company. The seven-year-old microbrewery, based in Beijing, produces craft beers for the Chinese market, including Flying Fist IPA, Tuhao Gold Pils, and Koji Red Ale. The microbrewer also operates two bars or “brewpubs” in the country. Jing-A will continue to produce craft and specialty beers while developing its brand. With the investment, “we’ll be able to take the quality of our beers to the next level – including popular seasonal and small-batch beers from our brewpub – and make them more widely available to beer lovers in Beijing and throughout China,” the company said in a statement.
Martin White, "Carlsberg buys minority stake in Chinese craft brewery Jing-A", FoodBev Media , March 04, 2019, © FoodBev Media Ltd
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Mergers & Acquisitions
Geographies
Worldwide
EMEA
Asia-Pacific
Europe
China
Denmark

Study Lays Out Coca-Cola’s Efforts To Sway China’s Thinking On Sugary Soft Drinks

January 10, 2019: 12:00 AM EST
China scholar Susan Greenhalgh reports in a new study that Coca-Cola Company cultivated complex personal, institutional, and financial connections in China beginning in the 1970s to inculcate the message that a lack of physical activity – not sugary soft drinks – was the cause of rising obesity rates. The company’s efforts in fact exerted strong influence over the way the Chinese government addressed the country's growing obesity problem. Coca-Cola has promoted its message globally through the nonprofit International Life Science Institute (ILSI), founded by a former Coke executive in 1978. Critics of the ILSI contend that it acts to further the corporate interests of Coca-Cola through 17 international branches positioned mostly in emerging markets, including China. The study was published in the Journal of Public Health Policy and the BMJ.
Jonathan Lambert, "Study: Coca-Cola Shaped China's Efforts To Fight Obesity", NPR, January 10, 2019, © National Public Radio
Domains
China Business
Focus Areas
Sectors
Beverages
Health & Wellness
Geographies
Worldwide
North America
Asia-Pacific
United States of America
China

Homegrown Food And Beverage Brands Give Multinationals A Run For The Money

December 10, 2018: 12:00 AM EST
China’s home-grown food and beverage brands are beating multinational competitors among Chinese families, according to research from Kantar World Panel that looked at families in 20 provinces and four municipalities (Beijing, Tianjin, Shanghai, and Chongqing). Dairy giant Yili was the most consumed dairy brand among Chinese families last year. Sales rankings of multinationals like Nestlé, Coca-Cola, Mars, Mondelez, and Pepsico were evenly distributed across the chart, ranking 5th, 8th, 12th, 13th, and 16th respectively. Among multinational players, the biggest percentage growth (3.2 percent) was achieved by Coca-Cola. Among local brands, percentage growth was highest for Nongfu Spring (eight percent), with 120 million families consuming its products, up from 111 million last year. Nongfu Spring grew its shopper base among young consumers by 30 percent in the last 12 months due to the success of its Victory vitamin water. 
Tingmin Koe , "Beating the MNCs: Mengniu, Yili and Master Kong the three most commonly consumed brands in China", Food Navigator Asia, December 10, 2018, © William Reed Business Media Ltd
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Geographies
Worldwide
Asia-Pacific
China

Major Drinks Companies, Retailers And Green Groups Seek To Improve Plastic Recycling In Hong Kong

December 6, 2018: 12:00 AM EST
Beverage companies, green campaigners and others are joining forces to tackle the issue of poor recycling rates in Hong Kong. The voluntary Drink Without Waste initiative was announced by the Single-use Beverage Packaging Working Group, a coalition of charities, drink producers and bottlers, recycling companies, environmental groups and retailers. They are looking at a range of possible initiatives, including installing water dispensers around the city and a “cash on return” scheme for plastic bottles. Manufacturers are also encouraged to look at their packaging to improve recycling rates. In 2017, Hong Kong dumped some 1.7 billion empty drinks containers in landfill or as litter. Two-thirds were plastic bottles. Less than 10 percent of the single-use plastic bottles sent to rubbish tips are recovered and recycled. [Image Credit: © Drink Without Waste]
Ernest Kao, "Major Hong Kong drinks manufacturers join forces with green groups for initiative aimed at increasing city’s dismal recycling rate", South China Morning Post, December 06, 2018, © South China Morning Post Publishers Ltd
Domains
China Business
Focus Areas
Sectors
Beverages
Sustainability
Geographies
Worldwide
Asia-Pacific
Hong Kong

Nongfu Spring Among Fastest Growing Consumer Goods Companies In China

November 26, 2018: 12:00 AM EST
According to data from Kantar Worldpanel, consumer brands like Nongfu Spring, Haday, and Dali are the fastest growing in China, each with more than a five percent increase in market penetration in their segments among young consumers, despite an aging population. Bottled water and beverage company Nongfu Spring grew its shopper base among Millennial singles and couples by 30 percent in the last 12 months through the launch of its "Victory" vitamin water. It garnered popularity among young consumers b y sponsoring the hit reality show ‘Idol Producer.' Coca-Cola hopes to grow in the Chinese market by selling smaller packages and new product lines such as fiber drinks to balance demands from young consumers for both nutrition and good flavor. Overall, P&G and Yili were the top two companies with the widest consumer bases, reporting 92.4 percent and 90.9 penetration among urban consumers.
Ding Yining, "Chinese brands outpace multinationals gaining new customers: study", Shine.cn, November 26, 2018, © Shanghai Daily
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Marketing
Geographies
Worldwide
Asia-Pacific
China

Estée Lauder Allows Customers To Star In Their Own Fairytale

October 30, 2018: 12:00 AM EST
Estée Lauder in Hong Kong is using artificial intelligence for its Wonderland Christmas campaign. The customer becomes a part of a virtual fairy tale by creating their own 3-D avatar using the Quantum Human technology. The promotion, held at various retail venues in Hong Kong, includes pop-ups where shoppers can take a ride on a “magical carousel” in a virtual reality fairytale featuring their avatar.[Image Credit: © Estée Lauder Inc]
"AI powers Estee Wonderland Christmas campaign", Inside Retail Asia, October 30, 2018, © InsideRetail Asia
Domains
China Business
Focus Areas
Innovation
Marketing
Geographies
Worldwide
Asia-Pacific
Hong Kong

Nestlé China Doubles Pace Of New Product Launches

October 26, 2018: 12:00 AM EST
Nestlé China has launched several innovation projects this year, twice the number launched in 2017, tailored specifically for Chinese consumers. China’s nutrition, health, and wellness market is Nestlé’s second largest globally. The company’s innovation team is pursuing more than 100 ongoing projects that will deliver “more choices through a variety of healthy products over the next two years.” Nestlé has launched the second generation of its “AI family nutrition assistant” XiaoAi with more than 300,000 pieces of new nutrition, health and wellness interactive content, including personalized recipe recommendations, calorie calculation, and voice ordering. The company also launched its MyNutrition App, Nescafé Shop in Office, and BabyNes’ Smart Milk Powder Leveling Kettle.
"Nestlé China Accelerates Innovation", Nestlé China, October 26, 2018, © Nestlé
Domains
China Business
Focus Areas
Sectors
Beverages
Food Business
Innovation
Market News
Geographies
Worldwide
Asia-Pacific
China

Coca-Cola Offers Customized Beverage Bottles, Gift Boxes On China’s Tmall

October 17, 2018: 12:00 AM EST
Coca-Cola is launching customized bottle and gift box production on Alibaba's Tmall. The company’s custom-made gift boxes will be limited globally to 30,000 bottles. At the consumers can customize bottles and gift boxes according to their tastes. Peach, lemon, vanilla and classic flavors can be included in the gift box for Tmall. Consumers can match and combine the two or four bottles for the gift boxes, and use the limited stickers of the gift box to further personalize it. Coca-Cola said this is the first time it has applied C2B customization. 
"Coca-Cola to launch C2B customized drink for Tmall’s customers on double 11", China Knowledge , October 17, 2018, © www.chinaknowledge.com
Domains
China Business
Focus Areas
Sectors
Beverages
Marketing
Geographies
Worldwide
Asia-Pacific
China

Big Data And AI Helping Beauty Brands Identify Opportunities, Develop New Products

October 5, 2018: 12:00 AM EST
AI is being used to help companies spot unserved opportunities through analyzing online data such as searches, reviews and purchase patterns. Alibaba’s Tmall Innovation Centre helped L'Oréal China as it developed a male beauty line for the Chinese market, while A.S. Watson, which has 14,400 stores in 24 markets worldwide worked with Unilever to launch TRESemmé hair care in China Some smaller brands are using AI to developed personalized products and services.  Indian brand, Freewill, uses information about an individual’s hair to create personalized hair products, factoring in data such as city and weather. While Singapore-based Alcheme uses AI to analyze a customer’s selfie to assess skin conditions and select and create personalized skin care products.[Image Credit: © Tmall.com]
Amanda Lim , "Data is power: Indie beauty brands get personal with big data", Cosmetics Design Asia, October 05, 2018, © William Reed Business Media Ltd
Domains
China Business
Focus Areas
Sectors
Personal Care
Innovation
Geographies
Worldwide
Asia-Pacific
China
Singapore

Beauty Brands Unveil Smart Concept Stores In China To Attract Tech-Savvy Consumers

October 2, 2018: 12:00 AM EST

SK-II and Sephora both unveiled smart concept stores in Shanghai to attract younger Chinese beauty consumers who prefer an engaging experience that can be shared on social media. The Japanese brand's "Future X" Smart Store uses facial recognition technology and artificial intelligence, working with JD.com that provided technological support. Separately, Sephora partnered with Meitu to create a concept store equipped with interactive e-commerce walls and virtual make-up artists. Emil Lanne of the marketing agency Huge that helped develop the SK-II stores cites the importance of having more colors and beautiful settings in building smart stores to attract younger shoppers. Both brands also use social media influencers to promote their stores.[Image Credit: © Procter & Gamble]
Yiling Pan, "In China, Beauty Brands Turn to High-Tech Toys to Plug Their Wares", Jing Daily, October 02, 2018, © Herlar, LLC
Domains
China Business
Focus Areas
Sectors
Personal Care
Retail
Innovation
Marketing
Geographies
Worldwide
Asia-Pacific
China

Sephora Unveils A New And Interactive Concept Store in China

September 22, 2018: 12:00 AM EST
Sephora opened a new concept store in Shanghai on September 21, 2018 that encourages customers to explore its popular beauty products using interactive technologies like Discovery Tables and Magic Mirrors. SEPHORA Asia president Benjamin Vuchot states that the store offers an excellent customer service that combines the Sephora website with the in-store experience creating an unprecedented omni-channel experience. The store also uses the photo editing app, Meitu, alongside its interactive Ecommerce Walls and Virtual Artist technologies. Sephora is known for using disruptive ideas and technologies to promote creativity and diversity across its stores worldwide since its establishment in Paris in 1969.  [Image Credit: © Sephora, Inc.]
Li Xiaohua, "SEPHORA Asian new concept store opens in Shanghai", China.org.cn, September 22, 2018, © China.org.cn
Domains
China Business
Focus Areas
Sectors
Personal Care
Retail
Innovation
Market News
Marketing
Geographies
Worldwide
Asia-Pacific
China

China’s Millennials Fall In Love With Black Tech Beauty Products

September 14, 2018: 12:00 AM EST
Skincare trends, referred to by industry observers as “black tech”, are becoming popular among millennial consumers in China. Three of the leading black-tech product categories are black-tech facial machines, with the ReFa Electronic Roller from Japan as a leading example; black-tech facial cleansers, such as those from Foreo; and black-tech massage boosters, including those from the SK-II brand. Facial rollers from ReFa accounted for 50 percent of the segment’s revenue in 2017, with more than $4 million worth of ReFa machines sold during the November 11 Singles Day shopping festival. Foreo’s facial cleanser became a social media favorite, with many celebrities posting themselves using the product. SK-II launched a massage booster in 2017, selling all of its 10,000 units during the company’s 2017 TMALL Super Brand Day event.[Image Credit: © ReFa USA]
Jiaqi Luo, "Chinese Millennial Skincare Gets a Black Tech Makeover", Jing Daily, September 14, 2018, © Herlar, LLC
Domains
China Business
Focus Areas
Sectors
Personal Care
Innovation
Geographies
Worldwide
Asia-Pacific
China

Aesthetic Hydration Cosmetic Opens Shanghai Pop-Up Store, Marks Coming Into China Market

September 12, 2018: 12:00 AM EST
South Korean skincare brand Aesthetic Hydration Cosmetic has unveiled a pop-up store in Shanghai, marketing the company’s official entry into China’s beauty care market. According to AHC, its cosmetics products are being sold at health and beauty stores across China, as well as in online shopping malls in the country. With the pop-up store offering customers the chance to experience the company’s leading products, AHC said it will target women in the country with its leading moisturizing products.[Image Credit: © CARVERKOREA]
Kang Da-young and Lee Ha-yeon, "S. Korean skincare brand AHC officially enters China", Pulse by Maeil Business News Korea , September 12, 2018, © Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved
Domains
China Business
Focus Areas
Sectors
Personal Care
Retail
Marketing
Geographies
Worldwide
Asia-Pacific
China

KFC Initiative On Single-Use Plastic in Macau and Hong Kong

September 7, 2018: 12:00 AM EST
KFC outlets in Hong Kong and Macau will stop automatically giving out plastic straws and lids for customers eating in the store, but will provide them if asked. They will also be added to takeaways and select items. KFC made the decision following a trial in which most customers were happy not to have a plastic straw or lid. Greenpeace has acknowledged the move but added that plastic straws and lids are just a fraction of the plastic disposables used by the chain. The environmental group estimates that KFC uses some 42 million plastic disposable items each year, but even this is less than some local chains, according to Greenpeace.[Image Credit: © Christopher on pexels.com]
Naomi Ng, "KFC to ditch plastic straws and drink lids for dine-in customers in all of its Hong Kong and Macau restaurants", South China Morning Post , September 07, 2018, © South China Morning Post Publishers Ltd
Domains
China Business
Focus Areas
Sectors
Beverages
Food Business
Sustainability
Geographies
Worldwide
Asia-Pacific
Hong Kong
Macao

Coca-Cola Hopes To Make The Most Of Growing Chinese Interest In Functional Drinks

August 30, 2018: 12:00 AM EST
The head of Coca-Cola’s China business says “the next big thing” among Chinese consumers – especially the growing class of middle-income consumers – is functional beverages beneficial for health and wellness. With that in mind, the company expects to offer more juice products, beverages containing fiber, and even drinks based on traditional Chinese medicine, according to Curt Ferguson. Coca-Cola began riding the trend when it rolled out new products like sugar-free Sprite with fiber in March, two RTD tea products in North China and South China in the second quarter, and a bottled water range containing fiber in June. A fiber-rich Coca-Cola Plus version for China debuted in August. Bottled water, RTD tea, carbonates, juice drinks, and functional drinks were the biggest sellers in the $84 billion Chinese beverage industry. 
Shi Jing, "Coca-Cola embarks on 'healthy' growth route", China Daily, August 30, 2018, © China Daily Information Co (CDIC)
Domains
China Business
Focus Areas
Sectors
Beverages
Food Business
Market News
Geographies
Worldwide
Asia-Pacific
China

China Grants Organic Certification To Sneakz Powders, Milkshakes

August 21, 2018: 12:00 AM EST
Florida-based Sneakz Organic has hurdled a major obstacle to doing business in China. The company, a maker of vegan protein powders and vegetable-based milkshakes, has obtained organic certification from the Chinese government, and will begin shipping its milkshakes there in September. The company will begin shipping its milkshakes, Meal2Go nutrition powder, Kids Vegan Daily Nutrition Smoothie, Meal Replacement Shake, Vitamins On The Go, and Vegan Protein to China in the fourth quarter of 2018 and the first quarter of 2019. Sneakz products contain no GMOs antibiotics or synthetic hormones, and no artificial flavors, colors, sweeteners, or gluten. Sneakz is also targeting Malaysia by end of 2018 and Singapore, Indonesia, Vietnam, India and Korea by Q2 2019.
Lester Wan , "First U.S. firm to obtain China organic label for veggie-infused milk drinks will ship in September", Food Navigator Asia, August 21, 2018, © William Reed Business Media Ltd
Domains
China Business
Focus Areas
Sectors
Beverages
Food Business
Market News
Regulation & Legislation
Supply Chain
Geographies
Worldwide
North America
Asia-Pacific
United States of America
China

My Specialist From Schwarzkopf Provides Online Personalized Hair Care

August 10, 2018: 12:00 AM EST
Schwarzkopf’s new My Specialist brand claims to offer customized hair care online, based on microscopic testing, through an exclusive deal in China with T-Mall. The Henkel brand, together with the Shanghai Advanced Research Institute, has created a test that assesses the hair’s dryness and damage. This is supplemented by a questionnaire to provide an evaluation that can be treated with personalized products.[Image Credit: © Henkel Corporation]
Lucy Whitehouse , "Schwarzkopf hair care ‘e-brand’ launch: next level personalisation", Cosmetics Design Europe, August 10, 2018, © William Reed Business Media
Domains
China Business
Focus Areas
Sectors
Personal Care
Marketing
Geographies
Worldwide
EMEA
Asia-Pacific
Europe
China

Wahaha To Introduce Functional Probiotic Beverages For Women, Children, Elderly

August 2, 2018: 12:00 AM EST
China’s Hangzhou Wahaha Group is targeting women, children, and the elderly with three new functional probiotic beverages packaged in sachets. The products contain several probiotic strains, including several Lactobacillus and bifidobacterium strains. The children’s and women’s products contain five types of probiotics and three types of prebiotics (fiber). The product for the elderly claims to help to reduce blood sugar level and promote the absorption of calcium, while the product for women is said to aid detoxification. China accounts for almost half of all probiotic sales in the Asia Pacific region, at $8.3 billion. The Asia Pacific probiotics market is forecast to grow by a CAGR of 8.3 percent over the next seven years, but China will continue to track higher than the average.
Tingmin Koe , "China beverage firm Wahaha to launch new probiotic range as it ramps up health focus ", Nutra-Ingredients, August 02, 2018, © William Reed Business Media Ltd
Domains
China Business
Focus Areas
Sectors
Beverages
Food Business
Market News
Geographies
Worldwide
Asia-Pacific
China

Meitu Opens Meivolution Festival Highlighting AI Technologies For Beauty Applications

July 20, 2018: 12:00 AM EST
Meitu Inc., developer of an online beauty ecosystem with 450 million users, launched its first Meivolution Festival in Shanghai, China. Combining the Chinese character Mei, which means beauty, with the English word evolution, the event marks the first time the company hosts an offline event. During the festival, Meitu users can join their communities and friends using photography, augmented reality, and image optimization technologies offered by the company. Also, during the event, Meitu will highlight technologies, including artificial intelligence for testing skin quality and providing make-up tips.[Image Credit: © Meitu]
Zhu Shenshen, "Beauty app holds its first off-line party in Shanghai", Shine.cn, July 20, 2018, © Shanghai Daily
Domains
China Business
Focus Areas
Sectors
Personal Care
Innovation
Geographies
Worldwide
Asia-Pacific
China

Innisfree Introduces New Retail-Equipped Store In China

July 20, 2018: 12:00 AM EST
Korean cosmetics company Innisfree launched its first New Retail store in China. Located at the Li Xing Shopping Plaza in the country’s Hangzhou region, the store comes with New Retail digital and interactive features. Developed by Alibaba founder Jack Ma in 2016, New Retail is designed to use technology to combine online and offline shopping “into one comprehensive channel”. It offers customers convenience whether buying through an app or at an offline store. New Retail features include Magic Mirror, an AR-enabled technology which lets consumers virtually try makeup products; Smart Skin Analyzer, which analyzes the user’s skin and recommends the best Innisfree products based on the skin report; and Vending Machine, which lets consumers buy products at discounted prices using the Taobao mobile app.[Image Credit: © Innisfree Corporation]
Jenny W. Hsu, "Innisfree Rejuvenates Its Store Experience in China", Alizila.com, July 20, 2018, © Alibaba Group Holding Limited
Domains
China Business
Focus Areas
Sectors
Personal Care
Innovation
Geographies
Worldwide
Asia-Pacific
China

China’s Beverage Industry Is Strong, Growing

July 11, 2018: 12:00 AM EST
New players in China’s beverage manufacturing industry, coupled with rising exports in alcohol, drink, and refined tea, contributed to rising revenue and profit, according to a China-based consulting firm. Profit rose 25.2 percent in the first five months of 2018 to $12.5 billion, while revenue rose 10.8 percent year-on-year to around $99.6 billion. The industry’s ongoing structural reform was a major contributor to success, according to the consultant. New players include fruit grower Pagoda, which has collaborated with Sichuan Chia Meei, a subsidiary of Taiwan fruit business firm Chia Meei. Pagoda’s non-fruit concentrate (NFC) juices, sold under the brand “Hou Guo Zi,” reaped 6.6 million within three days of launch. Another China fruit grower, Chu Cheng Company, is expected to launch NFC products by the end of the year. Dairy milk producers, including Yili and Mengniu, are doing well, though trailing Nestlė and Danone. Jia Duo Bao (JDB), known as China’s Coca-Cola, expects two-digit sales growth this year.
Tingmin Koe , "China's beverage sector booming: New players enter market and exports stay strong", Food Navigator ASIA, July 11, 2018, © William Reed Business Media Ltd
Domains
China Business
Sectors
Beverages
Geographies
Worldwide
Asia-Pacific
China

AI Technology Runs Smart Stores In China Built By Coca-Cola, Yi Tunnel

June 21, 2018: 12:00 AM EST

A smart self-service convenience store selling Coca-Cola beverages in Changsha, China – without clerks or cash – is part of a new experiment in the country under Coke’s “520 Program” promoting the growth of women entrepreneurship. The hi-tech cooler was built by jointly by Coca-Cola and YI Tunnel using AI technology. Smart stores like the one in Changsha not only attract younger consumers, they are more efficient to operate, according to Yi Tunnel, which expects more traditional convenience and retail stores to also adopt the technology.

"Coca-Cola China Teams Up With YI Tunnel to Build the First AI-Based Smart Freezer and Test the Waters for the AI-Enabled New Retail", Newswire.com , June 21, 2018, © Newswire.com LLC
Domains
China Business
Focus Areas
Sectors
Beverages
Innovation
Geographies
Worldwide
Asia-Pacific
China

Coca-Cola’s Video “Message Of Friendship” Shows Solidarity With Muslims

June 8, 2018: 12:00 AM EST

A Coca-Cola video showing a passerby offering a Coke to a Muslim woman – “a victim of harsh stares and mockery” – who is ending her day of fast during Ramadan was intended to be “a simple but universal message of friendship, kindness, solidarity and inclusiveness with millions of Muslims.” Reaction on the internet was mainly positive – commenters called it “moving” and “meaningful” – but naysayers noted that Coke is “not an ideal beverage to breakfast with as it is unhealthy.” A Coca-Cola spokesman, nevertheless, said sharing a Coke brings people closer and the company’s beverages are enjoyed in Muslim communities everywhere at the end of each day of the Ramadan fast.

Janice Tan, "Coca-Cola shows support for Muslim consumers with uplifting Ramadan ad", Marketing Interactive, June 08, 2018, © Marketing-Interactive.com. Lighthouse Independent Media Pte Ltd.
Domains
China Business
Focus Areas
Sectors
Beverages
Marketing
Geographies
Worldwide
EMEA
Asia-Pacific
Middle East- Africa
China
United Arab Emirates

Alibaba Cloud Creates System For Raising Better Hogs

June 7, 2018: 12:00 AM EST

Alibaba Cloud has developed ET Agricultural Brain, an artificial intelligence-enabled platform for helping agricultural enterprises, including hog farmers, in China. Proprietary in design, the system is aimed at helping farmers to improve their livestock raising and crop production through innovations. With a special focus on hog farming, ET Agricultural Brain uses algorithm-based models to develop an “exercise regimen” for pigs to improve their health, as well as their piglet yields. China is the world’s largest producer of pork, according to data from the USDA Foreign Agricultural Service. It also accounts for half of the world’s pork consumption, data from Singapore-based DBS showed.[Image Credit: © Alibaba]

Jenny W. Hsu, "That’s Some Pig: How AI’s Serving Up Better Pork in China", Alizila, June 07, 2018, © Alibaba Group Services Limited
Domains
China Business
Focus Areas
Sectors
Food Business
Innovation
Supply Chain
Geographies
Worldwide
Asia-Pacific
China

Chinese Companies Lure Aussie Consumers With Beauty Tech

June 1, 2018: 12:00 AM EST

Chinese cosmetic conglomerate Jala Group is touring Australian cities, in partnership with Alibaba’s e-commerce arm Tmall, to promote its products, including a smart mirror. The augmented reality (AR) tool allows users to take a selfie using an in-built webcam and then shows them how they look with different make-up choices. Users can scan and buy their preferred choices through QR codes that appear onscreen. Jala has built four key brands (Maysu, Chando, Botanical Wisdom and Insea ) over the last 17 years to develop its presence in technology, innovation and design, in partnership with firms in Japan, France and the US.[Image Credit: © JALA Corporation]

Natasha Spencer , "Hi-tech Chinese cosmetics retailer hits Australia", Cosmetics Design Asia, June 01, 2018, © William Reed Business Media Ltd
Domains
China Business
Focus Areas
Sectors
Retail
Innovation
Geographies
Worldwide
Asia-Pacific
Australia
China

China A Focus For Automated Store Innovation

May 14, 2018: 12:00 AM EST

China has become the focus for companies looking to automate the physical shopping experience. Alibaba, Tencent and JD.com have all opened automated stores in the last few months, at the start of what they believe will be a large-scale rollout of personnel-free shops. The Chinese consumer's openness to high tech and willingness to try something new is expected to drive unprecedented growth of the retail industry in China as the country's 724 million mobile phone users increasingly accept mobile transactions. Improving internet connectivity and smartphone penetration are expected to boost sales even further, and retailers are also having to deal with labor pressures due to an aging population and the trend of millennials leaving retail to seek higher-paid work.

Ralph Jennings, "Why Unmanned Stores Are About To Take Off In China's Retail Market", Forbes.com, May 14, 2018, © Forbes Media LLC
Domains
China Business
Focus Areas
Innovation
Geographies
Worldwide
Asia-Pacific
China

Alibaba Deploys Blockchain Pilot To Ensure Food Authenticity

April 30, 2018: 12:00 AM EST
Alibaba is testing blockchain technology to track products and ensure food authenticity. It is working with two food products, one from Australia and one from New Zealand – and giving consumers the ability to scan a QR code to verify product authenticity. Fake food has long been a problem in China and Michigan State University estimates it costs the global food industry $40 billion per year.  First announced in March 2017, the goal of this blockchain integration is to “achieve end-to-end supply chain traceability and transparency to enhance consumer confidence and build a trusted environment for cross-border trade,” said Alibaba.  Investment in blockchain technology has doubled to $2.1 billion and industry projections see that expenditure reaching $9.7 billion in 2021, according to reports from IDC. Numerous firms, such as Alibaba’s industry rival JD, are also delving into blockchain tech to streamline the supply chain, auditing, and compliance processes.[Image Credit: © congerdesign from Pixabay]
Steven Millward, "Alibaba rolls out blockchain pilot to tackle fake food products", Tech in Asia, April 30, 2018, © Tech in Asia
Domains
China Business
Focus Areas
Sectors
Food Business
Retail
Supply Chain
Geographies
Worldwide
North America
Asia-Pacific
United States of America
Australia
China
New Zealand

Coca-Cola Unveils New Cans In Celebration of 23 Chinese Cities

April 19, 2018: 12:00 AM EST

Coca-Cola China has unveiled limited edition Coke can designs that celebrate the diversity of 23 Chinese cities.  The “visually captivating” packaging, created by McCann Shanghai and illustrator Noma Bar, is being promoted with a film celebrating city cultures, as well as print, billboards and a partnership with Chinese technology firm Baidu. The firm developed an augmented reality (AR) experience in which consumers may interact with the 23 city cans. According to a Coca-Cola design executive, the idea behind the city can is to capture the “essence” of each metropolis through its culture, food, “idiosyncrasies,” and landmarks.

"Coca-Cola China celebrates city cultures through ‘Faces of the cities’", Marketing-Interactive.com, April 19, 2018, © Marketing-Interactive.com. Lighthouse Independent Media Pte Ltd
Domains
China Business
Focus Areas
Sectors
Beverages
Food Business
Marketing
Geographies
Worldwide
Asia-Pacific
China

Alibaba Opens E-commerce Platform To Liquor Sales, With Suntory’s Help

January 27, 2018: 12:00 AM EST
Chinese e-commerce giant Alibaba is launching online sales of distilled spirits in partnership with Japanese brewer Suntory Holdings, which has opened a store on the Tmall e-commerce platform. Suntory’s U.S. distillery and group member Beam Suntory has begun selling Jim Beam and Maker's Mark bourbon whiskey, and Courvoisier cognac, on the site. Alibaba is also selling whiskey and other liquors in its physical stores, including RT-Mart superstores and Hema supermarkets, following its strategy of blending online and brick-and-mortar shopping. Beam Suntory opened a liquor store in China in July 2017.
"Suntory to Team with Alibaba to Sell Booze Online in China", Nikkei Asian Review, January 27, 2018, © Nikkei Inc.
Domains
China Business
Focus Areas
Sectors
Beverages
Retail
Market News
Geographies
Worldwide
North America
Asia-Pacific
United States of America
China

Bioengineering Success May Give L’Oréal A Competitive Advantage In China

January 16, 2018: 12:00 AM EST
L’Oréal China Co. has succeeded in reconstructing Chinese skin cells in a Shanghai lab from living tissue donors. The cells will be used by R&D teams to test makeup and skincare products, such as anti-aging serums, whitening creams, and pollution-fighting cleansers, for Chinese consumers – “the most demanding in the world in almost all our product categories,” a company representative said. L’Oréal is the top-selling beauty brand in China, but consumers have begun to turn to local brands for products formulated for their skin type. An industry analyst said the company has recognized the trend and has ”moved to adapt to the different genes to capture the huge potential of the Chinese market.” [Image Credit: © Cosmetics China Agency]
Louise Prance Miles, "L’Oréal Replicates Chinese Skin in Shanghai-Lab to Better Cater to Regional Consumer", Global Cosmetic News, January 16, 2018, © Global Cosmetic Media Limited
Domains
China Business
Focus Areas
Sectors
Personal Care
Innovation
Geographies
Worldwide
Asia-Pacific
China

L'Oréal To Tap Into Strong Chinese Demand For Premium Cosmetics

January 2, 2018: 12:00 AM EST
Acknowledging a rise in demand for high-end cosmetics in China, L'Oréal’s luxury beauty and skincare brand Giorgio Armani Beauty plans to open an online store on the Alibaba Group’s Tmall platform this month, along with a separate store on Tmall's invite-only "Luxury Pavilion." The online stores will offer product browsing as well as interactive digital experiences such as scheduled in-person makeup sessions with beauty advisers. [Image Credit: © Giorgio Armani ]
Huixin Deng, "Even Giorgio Armani is Launching an E-Commerce Flagship on TMall", Jing Daily, January 02, 2018, © Herlar, LLC
Domains
China Business
Focus Areas
Sectors
Retail
Market News
Geographies
Worldwide
Asia-Pacific
China

Asahi Sale Of Stake In Tsingtao: Not A Good Deal For Investors

December 21, 2017: 12:00 AM EST
The Financial Times says investors in Chinese brewery Tsingtao and Japan’s Asahi will be disappointed that Asahi sold its near 20 percent stake in Tsingtao at a third below its closing price on December 21 to Chinese investment group Fosun. Investors had been monitoring the possible sale of Asahi’s stake, and were excited when Carlsberg had indicated interest. Carlsberg would probably have paid more for the stake because of the possible synergies, and would have created China’s second largest brewer with a quarter of the market. Fosun, on the other hand, is not likely to improve Tsingtao’s fortunes, and should have paid more for the stock.
"Asahi/Tsingtao: Falling Flat", Financial Times, December 21, 2017, © The Financial Times Limited
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Geographies
Worldwide
EMEA
Asia-Pacific
Europe
China
Japan
Denmark

China’s Fosun Group Looks Homeward: Acquires Asahi’s Stake In Tsingtao Brewery

December 20, 2017: 12:00 AM EST
China’s Fosun Group, which has been on an overseas buying spree lately, is turning its attention back to the homeland as it buys out Asahi’s stake in domestic brewer Tsingtao for $844 million. The buyout makes Fosun the second biggest shareholder in century-old Tsingtao with 18.1 percent. State-owned Tsingtao Brewery Group owns the rest. The deal is said to be consistent with Fosun’s major business areas and its focus on China’s expanding middle class. The deal also reflects a shift in direction resulting from government pressure on asset buyers to adhere to government strategies on infrastructure projects, rather than acquiring “frivolous baubles” like football clubs and entertainment companies.
Peggy Sito, "Fosun Buys out Asahi’s Stake in Tsingtao Brewery as it Turns its Acquisitions Back to its Home Turf", South China Morning Post, December 20, 2017, © South China Morning Post Publishers Ltd.
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Mergers & Acquisitions
Geographies
Worldwide
Asia-Pacific
China
Japan

FMCG Spending Grows In China, Report Shows

December 20, 2017: 12:00 AM EST
Consumer spending on fast-moving consumer goods in China grew 5.5 percent during the 12-week period ending November 3, 2017, compared with the same period in the previous year, according to Kantar Worldpanel. Data from the market research firm revealed modern trade expanded 3.1 percent during the period, faster than the same period in the previous year. Also, smaller-store formats grew the fastest, with supermarket and convenience stores growing by 3.9 percent and 4.8 percent, respectively, data showed. Among China's largest retailers, Yonghui grew the fastest at 11 percent, while Sun Art group, owner of the RT-mart brand, grew 5.7 percent, reinforcing its market-leading status.
"FMCG in China reported new record recovery", Kantar Worldpanel, December 20, 2017, © Kantar Worldpanel
Domains
China Business
Focus Areas
Sectors
Food Business
Personal Care
Retail
Market News
Geographies
Worldwide
Asia-Pacific
China

China's GDP To Remain Strong, Post Strong Growth In 2017, Analysts Predict

December 20, 2017: 12:00 AM EST
China's economy is forecast to grow 6.8 percent in 2017, driven by state investments and strong consumption expansion, according to Euromonitor. Data from the market research firm predict growth will decline to between 6.2 percent and 6.3 percent in 2018‒2019. Risk factors that could affect the economy include a credit market that is growing faster than the country's GDP. With a 10 percent to 20 percent probability, a high debt burden could slow down the real estate market or impact consumer confidence, causing GDP growth to drop to 4 percent in 2018 and 4.8 percent in 2019, analysts said.
"China Economic Outlook: Q4 2017", Euromonitor, December 20, 2017, © Euromonitor
Domains
China Business
Focus Areas
Market News
Geographies
Worldwide
Asia-Pacific
China

Tingyi To Supply Its Products To C-Store Chain

December 14, 2017: 12:00 AM EST
Tingyi (Cayman Islands) Holding Corporation, which sells instant noodles, baked goods, and beverages in China, has agreed to supply its products to “Family Mart” convenience store chain operator Ting Chuan for the next next three years. Ting Chuan will provide sales promotion services for Tingyi's products under the agreement. Ting Chuan is a unit of Taiwan’s Ting Hsin International Group, a major (33.58 percent) shareholder of Tingyi.
"Tingyi (Cayman Islands) Holding Inks Deal To Supply Products To Ting Chuan", Nikkei Markets, December 14, 2017, © Nikkei NewsRise Asia Pte Ltd.
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Purchasing & Procurement
Geographies
Worldwide
Asia-Pacific
China
Hong Kong
Taiwan

Coca-Cola Invests $76 Million In New Chinese Bottling Plant

December 6, 2017: 12:00 AM EST
Coca-Cola has opened a new $76 million bottling plant in Hebel province in China. Plant, a joint venture with China partner COFCO Coca-Cola Beverages, is the 45th Coca-Cola plant in the country and the largest in northern China. Coca-Cola CEO James Quincey and COFCO Chairman Zhao Shuanglian attended the plant’s opening ceremony.
"Coca-Cola Opens Its 45th Bottling Plant in China, Investing $75.5m", FoodBev Media, December 06, 2017, © FoodBev Media Ltd
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Geographies
Worldwide
Asia-Pacific
China

Asahi To Begin Selling Two Former AB InBev Brands In China

November 23, 2017: 12:00 AM EST
Japanese brewer Asahi announced it will begin marketing in China next spring two premium European beer brands it acquired in its deal with Anheuser-Busch InBev. Czech beer Pilsner Urquell and Italy's Peroni will be distributed mostly in Shanghai and other mainland cities, with marketing focused on younger drinkers who frequent upscale supermarkets and restaurants. It is expected that the brands will be sold at higher prices than Asahi's Japanese top-seller Super Dry lager, which costs three times as much as local Chinese brands.
Daisuke Harashima, "Brewer Asahi Bringing Pilsner Urquell, Peroni to China", Nikkei Asian Review, November 23, 2017, © Nikkei Inc.
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Geographies
Worldwide
EMEA
Asia-Pacific
Europe
China
Japan
Italy
Czech Republic

Chinese Beverage Industry Honors Pepsi-Tingyi Bottlers For Conservation Efforts

November 23, 2017: 12:00 AM EST
Bottlers and other production plants that are part of the PepsiCo-Tingyi alliance beverage system in China were recognized for water and energy conservation efforts at the 2017 China Beverage Industry Association (CBIA ) annual conference recently. PepsiCo and Tingyi won nearly 40 percent of the total awards at the conference, continuing a tradition of industry awards over many years. This year, 20 alliance plants won Excellent Water Saving Enterprise awards, and 26 received Outstanding Energy Conservation Enterprise awards.
"PepsiCo-Tingyi Alliance Wins Big at CBIA 2017 Awards", Global Times, November 23, 2017, © Global Times
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Supply Chain
Sustainability
Geographies
Worldwide
Asia-Pacific
China

Hong Kong Coke Bottler Sees Major Shifts In Beverage Preferences In China

November 21, 2017: 12:00 AM EST
A Hong Kong-based beverage distributor and Coca-Cola bottler says Chinese consumers are incorporating concerns about health into their drinks purchases. Patrick Healy of Swire Beverages says Chinese beverage buyers are turning their noses up at classic sugary sodas like Coca-Cola and Fanta, instead buying premium bottled water and energy drinks. Healy says the trend began several years ago. Now traditional categories are seeing single-digit growth, compared to double-digit growth for the new categories. Industry observers say low sugar or sugar-free, and low calorie drinks will be the dominant trend in China. Swire has been a business partner with Coca-Cola since 1965, and is one of two major bottling partners of Coca-Cola China, along with state-owned China Foods.
Jane Li, "It’s Fewer Sugary Sodas, as Health Conscious Chinese Consumers Opt for Energy Drinks, Premium Waters", South China Morning Post, November 21, 2017, © South China Morning Post Publishers Ltd.
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Geographies
Worldwide
Asia-Pacific
China
Hong Kong

Tingyi’s Profit Growth Is Strong, But Adverse Trends Are In The Wind

November 13, 2017: 12:00 AM EST
Tingyi (Cayman Islands) Holding Corp, owner of the Master Kong brand of snacks, noodles, and beverages, said its third-quarter profit rose 30 percent to $186.6 million on $2.97 billion in revenue from a restated $144 million in profit a year ago. A Chinese partner of Starbucks and PepsiCo, Tingyi warned of short-term margin pressure partly because of rising raw material costs. Other pressures affecting profit include China’s changing economic development mode, industrial upgrade, and fast-changing consumer demand.
"China's Tingyi Q3 profit jumps, but margin pressure remains", Reuters, November 13, 2017, © Thomson Reuters
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Geographies
Worldwide
Asia-Pacific
China
Hong Kong
<<12345678910>> Total results:627 References Per Page:
>> <<
Developed by Yuri Ingultsov Software Lab.