Hou Xiaohai: Baijiu is a key focus for China Resources in the near term According to the official WeChat account of Snow Beer on March 19, Hou Xiaohai, Secretary of the Party Committee and CEO of China Resources Beer (Holdings) Co., Ltd., led a team to visit the China Alcoholic Drinks Association for discussions. Secretary Hou stated that baijiu is a key focus for China Resources in the near term, hoping to further expand communication and promotion channels with the association's help to achieve new breakthroughs in the baijiu sector. (Company News)
Yu Minhong: Admits East Buy sold farmed shrimp, mistakes must be corrected On March 18, at the 2023 Yabuli China Entrepreneurs Forum annual meeting, New Oriental founder Yu Minhong admitted that East Buy was previously misled by suppliers and sold farmed shrimp as wild shrimp. He emphasized that after making a mistake, it must be corrected, but one should not deliberately err, and similar mistakes should not be repeated in the future. (The Paper)
Pinduoduo's Temu warehouse suspends receiving goods Recently, multiple sellers received notifications from Temu that due to severe backlog in Temu's warehouses, preparation for stocking will be suspended in the near term, with all new products halted from listing and all existing products paused from restocking. The suspension period is currently uncertain, expected to last about one week. (New Consumption Daily)
Frozen ready-to-eat brand "Pengpengdai" closes online stores As of March 10, the frozen ready-to-eat brand "Pengpengdai" has closed multiple official online stores on platforms such as JD.com and Tmall. On its WeChat store, only four products remain on sale, with other product sections showing "No products available." Additionally, it now only serves the Jiangsu, Zhejiang, and Shanghai regions, and delivery time has changed from 48 hours to 72 hours for dispatch. (IBrandi)
Hunan issues first provincial cross-border e-commerce policy The General Office of the Hunan Provincial Government recently issued the first provincial-level cross-border e-commerce special policy, "Several Measures to Promote High-Quality Development of Cross-Border E-commerce," aiming to accelerate the cultivation of new advantages in foreign trade, stimulate new momentum for foreign trade growth, and help build a highland for reform and opening up in inland areas. (New Consumption Daily)
Liu Yonghao, Chairman of New Hope: Has organized relevant personnel to study ChatGPT On March 18, at the 2023 Yabuli China Entrepreneurs Forum annual meeting, Liu Yonghao, Chairman of New Hope Group, said in an interview that he had discussed with Baidu CEO Robin Li how to combine intelligence with agriculture. As a practitioner in the agricultural field, he has noticed the development of ChatGPT and has organized relevant personnel for research and discussion. (The Paper)
Yili, together with suppliers, launched 5 "zero-carbon products" last year Recently, Yili Group held its first partner training on dual-carbon management empowerment. According to reports, in 2022 alone, Yili provided one-on-one full guidance to suppliers, leading 17 suppliers to complete low-carbon transformation, reducing annual carbon emissions by over 5,000 tons. It also accumulated carbon reduction technologies and successful experiences, building 5 "zero-carbon factories" and launching 5 "zero-carbon products" with suppliers. (Company Release)
COFCO Coca-Cola parent company continues to implement primary packaging weight reduction project Recently, China Foods, the parent company of COFCO Coca-Cola, released its ESG white paper, showcasing its core ESG strategy "CARE" for the first time. According to the white paper, since 2004, the company has continuously implemented the primary packaging weight reduction project, saving 77,000 tons of PET chips and reducing CO2 emissions by 203,700 tons from 2020 to 2022 alone. Additionally, the company plans to reduce carbon emissions per 10,000 yuan of output value by 18% by 2025 compared to 2020. (Company Release)
Tmall adjusts recruitment scope and entry requirements, involving major categories such as food Recently, Tmall rules announced that the platform will adjust recruitment scope and entry requirements for food and other categories, effective in late March. For example, the optional category for food store naming adds "coffee"; for imported goods, the validity period of the customs import declaration form scan has been adjusted from "within the last six months" to "within the last year." (Ebang Power)
ByteDance to focus on "information platform" and "e-commerce" this year On March 16, at ByteDance's 11th anniversary annual meeting, CEO Liang Rubo stated that "information platform" and "e-commerce" are ByteDance's main businesses and should be the focus. Kang Zeyu, head of global e-commerce business, said at the meeting: "This year, I changed my signature to 'Quality First'. We need to achieve quality GMV." (36Kr)