1. China Resources Beer Executive Fan Shikai Appointed General Manager of Jinsha Wine According to National Business Daily, citing an insider at Jinsha Wine, Fan Shikai of China Resources Beer has been appointed general manager of Jinsha Wine. Public records show Fan worked at China Resources Snow Breweries for many years, serving as sales director of the Sichuan marketing center and general manager of the Heilongjiang-Jilin regional company. (National Business Daily)

2. Carrefour China Responds to COO Departure Carrefour China denied that multiple vice presidents have left, stating the current management team is stable. On February 8, media reported that Zhang Qizhe, COO of Carrefour China, had recently resigned. Zhang confirmed the news. Another source close to Carrefour China revealed that besides Zhang, several vice presidents had also recently left. (The Paper, TMTPost)

3. Pangdonglai Recalls Products Again Due to Pricing Issues On February 5, in response to the recent "Shatu brand plum-flavored watermelon seed price" incident, Pangdonglai released investigation results and announced corrective measures, including recalling all affected items, adding a "price control" module to its system, and handling the business personnel and heads of the merchandise and supermarket departments involved in the procurement pricing issue. (Food Board)

4. Changshu Miss Fresh Again Ordered to Pay 12.33 Million Yuan Tianyancha App shows that Changshu Miss Fresh E-commerce Co., Ltd. has recently added multiple enforcement notices with a total execution target of over 12.33 million yuan. In August last year, the company was listed in the business exception directory because it could not be contacted via its registered address or business premises. (Professional Retail Network)

5. Pinduoduo's E-commerce Platform Temu Begins Internal Testing in Canada Multiple media outlets recently reported that Temu, Pinduoduo's cross-border e-commerce platform, is conducting internal testing for its Canada site, syncing over half of its US products to the Canadian site. This expands Pinduoduo's overseas footprint to cover North America's two core markets: the US and Canada. (Cailianshe)

6. Yonghui Superstore's Huai'an Health Road Store to Close According to Lianshang.com, due to business strategy adjustments, Yonghui Superstore's Huai'an Health Road store will officially close on February 10, 2023. The store, approximately 3,000 square meters with 30,000 SKUs, opened on January 8, 2013, and has been operating for over 10 years. Currently, the store is holding clearance sales to thank customers for their continued support and trust. (Lianshang.com)

7. Hangzhou's Online Retail Sales Exceed One Trillion Yuan for the First Time On February 7, the Hangzhou Municipal Commerce Bureau's official WeChat account announced that in 2022, Hangzhou's online retail sales exceeded one trillion yuan for the first time, reaching 1,049.63 billion yuan, accounting for 38.8% of the province's total, ranking first in both amount and share. Hangzhou currently has 128 e-commerce platforms, over 12.5 million online stores, 39 "unicorn" companies, and 317 "quasi-unicorn" companies. (Lianshang.com)

8. Xiangnian Food Updates Prospectus for Shanghai Stock Exchange IPO The latest financial report shows that from 2019 to the first half of 2022, Xiangnian Food's revenue was 1.348 billion yuan, 1.947 billion yuan, 2.223 billion yuan, and 1.016 billion yuan, respectively; net profit attributable to the parent was 113 million yuan, 171 million yuan, 103 million yuan, and 48 million yuan. Gross margins for the reporting period were 21.29%, 19.02%, 14.19%, and 16.01%. (New Consumer Daily)

9. Moutai 1935 Sales Exceed 5 Billion Yuan On February 3, Moutai Sauce-flavored Wine Company held its 2023 spring marketing work meeting, revealing that Moutai 1935 achieved strong sales of 5 billion yuan in 2022. In the future, the company will focus on its 2023 targets, advancing management system upgrades, digital transformation, and other initiatives to ensure the successful completion of annual goals and Moutai 1935 sales targets. (Wine Talk)

10. Nongfu Spring's Oriental Leaf Launches Large Bottle Size Recently, Nongfu Spring's Tmall flagship store introduced Oriental Leaf in 900ml large bottles, available in jasmine tea and Qinggan Pu'er flavors. The 900ml bottles are sold in cases of 12, priced at 96 yuan per case, approximately 8 yuan per bottle. (Interface News)

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