1. Fenjiu, Xijiu, Langjiu Join the 20 Billion Yuan Revenue Club According to the latest performance forecasts and official disclosures, Shanxi Fenjiu, Xijiu, and Langjiu have all crossed the 20 billion yuan revenue threshold for the first time. Among them, Fenjiu expects full-year 2022 revenue of 26 billion yuan, a year-on-year increase of 30%. Langjiu and Xijiu are currently unlisted companies, but both have officially announced that their 2022 sales revenue exceeded 20 billion yuan. (21st Century Business Herald)
2. Jinmailang Joins the 3-Yuan Water Battle Following the entry of companies like Genki Forest and Huiyuan into the high-end mineral water sector, Jinmailang has now joined the fray, launching a high-end mineral water named Jinkuang. Priced at 3 yuan for a 570ml bottle, it aligns with the current mainstream price point for mineral water. The product has already achieved mass production. (Beijing Business Today)
3. Teway Food Sets New Revenue Record Teway Food, which owns multiple seasoning brands including Haorenjia, reported 2022 operating revenue of 2.691 billion yuan and net profit attributable to shareholders of 342 million yuan, up 32.84% and 85.11% year-on-year respectively. (Wallstreetcn)
4. Andeli Supermarket 2022 Sales Up 5.17% At the Andeli Supermarket 2022 Annual Commendation Conference, it was revealed that the supermarket achieved sales of 1.33 billion yuan in 2022, a year-on-year increase of 5.17%; gross profit of 235 million yuan, up 7.8%; and net profit of 61.88 million yuan, a significant year-on-year increase of 29.96%. (Lianshang.com)
5. 10 Billion Yuan Sauce-Flavored Baijiu Base Project Settles in Gulin Sichuan Liquor Group and Gulin County have signed a strategic cooperation agreement, with the Yongle Longjing Sauce-Flavored Baijiu Base Project to be located in Gulin. The total investment is 10 billion yuan, with completion expected by the end of 2026. (Sales and Market)
6. Dada Now's Car Delivery Service Launches in 60 Cities Nationwide To better support small and medium-sized merchants, the local instant delivery platform Dada Now has been upgrading its delivery capabilities, introducing car delivery services in addition to courier two-wheeler delivery. As of now, Dada Now's car delivery service has been launched in nearly 60 key cities across the country. (Lianshang.com)
7. Ministry of Commerce: Launch Three-Year Action to Build 15-Minute Convenience Living Circles Nationwide On March 2, Minister of Commerce Wang Wentao stated at a State Council Information Office press conference that the Ministry will launch a three-year action to build 15-minute convenience living circles nationwide. (Ministry of Commerce)
8. JD.com Regional Center to Land in Gongshu, Hangzhou On the afternoon of March 1, the People's Government of Gongshu District, Hangzhou, and JD.com Group held a strategic cooperation agreement signing ceremony, with JD.com Group's regional center project to be located in Gongshu. According to the agreement, the project will house multiple business segments including JD Mall, JD Logistics, JD Technology, JD Health, JD Industrial, and JD Property. (Interface News)