1. China Resources Beer Establishes Beer and Baijiu Business Divisions Recently, at a Chinese New Year media briefing, China Resources Beer revealed changes in senior management responsibilities. Zhao Chunwu, Vice President of China Resources Beer, will oversee China Resources Snow, while Wei Qiang, CFO, will oversee China Resources Wine. According to CEO Hou Xiaohai, the baijiu business will be managed professionally by China Resources Wine Holdings, and the beer business will be operated by China Resources Snow. Hou Xiaohai's own role remains unchanged. (Caijing Net)
2. Carrefour Responds to Business Concerns: Supply Chain Optimizing, Shopping Cards Mostly Usable On February 2, Carrefour responded that with coordination and support from multiple parties, its supply chain is being optimized, goods are being restocked, and it will continue to provide consumers with a richer selection and shopping experience. Regarding shopping card settlement, Carrefour stated: "Most products in stores can be settled with shopping cards, and the range is expanding; for example, some Suning appliances can also be settled with Carrefour shopping cards. We are adding more products to meet normal consumer needs." (The Paper)
3. Genki Forest's Hubei Plant Runs at Full Capacity to Produce Electrolyte Water Recently, 96 large enterprises in Xianning High-tech Zone, Hubei, resumed full operations. Genki Forest (Hubei) Beverage Co., Ltd. is running three production lines at full capacity to produce electrolyte water, with each line producing 800,000 to 1 million bottles per day. The company's head said that with the popularity of electrolyte water, orders are growing steadily, with over 40 trucks departing daily to all parts of China and overseas. (Xiangcheng Metropolis Daily)
4. Junlebao Adds New Outbound Investment According to business registration data, Junlebao Dairy Group Co., Ltd. recently added an outbound investment in Shanghai Luoshen Family Health Technology Development Co., Ltd., with a 10% stake. The company was established on March 21, 2022, with registered capital of 14.285713 million yuan, and its business scope includes food sales, import/export, and technology import/export. (Xiaoshidai)
5. Beijajie Acquires Additional Stake in Vimizi for 470 Million Yuan Securities Times e-company reported that Beijajie (603059) announced on the evening of February 2 that it signed a share transfer agreement with Beijing Junlian and Beijing Hanying to acquire a total of 16.4967% equity in Vimizi Industrial (Guangdong) Co., Ltd. for 471 million yuan in cash, marking the largest acquisition in the daily chemical industry at the start of 2023. (Securities Times)
6. Global Food Price Index Falls for Tenth Consecutive Month On February 3, the UN Food and Agriculture Organization released data showing the global food price index in January was 131.2 points, down 0.8% month-on-month, marking the tenth consecutive monthly decline and a 17.9% drop from the historical peak in March 2022. The decline was driven by lower indices for vegetable oils, dairy, and sugar, while cereal and meat indices remained stable. The dairy price index fell 1.4% month-on-month in January, hitting a 12-month low. (CRI Online)
7. Ministry of Commerce: Online Retail Sales Up 4% in 2022 According to the Ministry of Commerce website, China's online retail market grew steadily in 2022. National Bureau of Statistics data shows online retail sales reached 13.79 trillion yuan, up 4% year-on-year. Physical goods online retail sales were 11.96 trillion yuan, up 6.2%, accounting for 27.2% of total retail sales of consumer goods. (China News Service)
8. Nestlé China Officially Launches First Cold-Chain Fresh Milk On February 3, Nestlé China officially launched its first cold-chain fresh milk product, Nestlé A2 β-casein fresh milk. The Nestlé Dairy Farming Institute in Shuangcheng District, Harbin, Heilongjiang, together with domestic and international academic institutions and partners across the dairy industry chain, provided a complete production chain for the product. (Xiaoshidai)
9. Yakult Launches Higher-Priced New Product in China Yakult Honsha recently announced the launch of its proprietary lactic acid bacteria beverage "Yakult 500 Billion Live Bacteria Low Sugar" for the Chinese market, priced at 16.8 yuan for a pack of five. Guangzhou Yili Duo began sales on February 1, and Yakult (China) Investment Co., Ltd. will start sales in other regions on February 6. Compared to the regular Yakult at 12.8 yuan per pack, the new product is 4 yuan more expensive. Reports say Yakult aims to boost sales and ensure profits with the higher-priced product. (Professional Retail Network citing Nikkei Chinese)
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