Multiple E-commerce Platforms Remove Yulei Olive Vegetable from Shelves Recently, Guangdong TV exposed that raw materials for Yulei olive vegetable, produced by Shantou Yulei Food Industrial Co., Ltd., were piled together with sewage and garbage, emitting a foul odor and attracting flies. Currently, searches for "Yulei olive vegetable" on multiple e-commerce platforms yield no results, and the Yulei Food flagship store on one platform has removed all products, with no customer service response. (China News Finance)
Walmart Responds to 'Cockroaches Crawling in Deli Area': Professional Technicians Investigating Cause at Store A Walmart store drew attention after a customer reported seeing cockroaches crawling in the deli area. The incident occurred on the evening of March 13. After learning of the situation, the store conducted professional pest control on March 14. The supermarket's most recent routine professional pest control was on March 10, and the source of the cockroaches is currently unknown. The local market supervision department has arrived at the store to investigate. (Jimu News)
Beijing Consumers Association Opens '96315 Consumer Dispute Resolution Green Channel' According to the Beijing Consumers Association website, on the morning of March 15, the association held a ceremony to launch and sign agreements for the '96315 Consumer Dispute Resolution Green Channel'. Ten companies, including Amap, Qunar, Meituan, JD.com, Guazi Used Cars, Jusha Global Select, Lianjia, Douyin, Kuaishou, and Ctrip, became the first batch of enterprises to sign up. (Interface News)
Yunnan Baiyao: Senior Vice President Wang Jin Resigns for Personal Reasons On March 15, Yunnan Baiyao announced that Wang Jin, due to personal reasons, applied to resign from her positions as Chief Sales Officer, Senior Vice President, and all other positions in Yunnan Baiyao and its holding subsidiaries. (Interface News)
Some Shares Held by Controlling Shareholder of Maiquer to Be Auctioned by Judicial Auction Yesterday, Maiquer announced that a total of 4,421,815 shares of the company held by its controlling shareholder, Maiquer Group (accounting for 7.4% of its shareholding and 2.54% of the company's total share capital), will be publicly auctioned on a judicial auction platform. The auction is due to a contract dispute case. This auction will not lead to a change in the company's largest shareholder or control. (Company Announcement)
Yanjing Beer Plans to Transfer Controlling Stakes in Two Shandong Subsidiaries Recently, according to Interface News, Beijing Yanjing Beer Investment Co., Ltd. plans to transfer 74.73% of the equity in Yanjing Beer (Qufu Sankong) Co., Ltd. and 55% of the equity in Yanjing Beer (Laizhou) Co., Ltd. The pre-disclosure start date is March 1, and the listing period is 20 working days from the date of the announcement. (Interface News)
Carlsberg May Sell Eight Russian Breweries to Turkish Brewer Anadolu Efes On March 15, according to the Russian business daily Vedomosti, two informed sources revealed that Carlsberg may sell its eight Baltika breweries in Russia to Turkish brewer Anadolu Efes as early as the first half of this year. The two parties have reached an agreement in principle and are currently drafting terms. (Interface News)
Dynasty Fine Wines Expects Over 45% Drop in Last Year's Profit Yesterday, Dynasty Fine Wines expected that its profit attributable to owners of the company for the year would decrease by approximately 45% to 55% year-on-year, compared to a profit attributable to owners of 32.8 million yuan in 2021. The company stated that the decline in revenue was mainly due to the resurgence of the epidemic during the period. (Company Announcement)
Yum China Named to Annual List of World's Most Innovative Companies Recently, Yum China Holdings, Inc. announced its inclusion in Fast Company's 2023 annual list of the world's most innovative companies. The mention highlighted KFC China's creation of a super app simplified version specifically for elderly consumers. (Retail Circle)
Zhen Guoli Officially Announces Brand Spokesperson On March 14, Zhen Guoli officially announced Yu Shuxin as its brand spokesperson and launched drinks co-branded with Yu Shuxin: Flower & Fruit Milkshake Jasmine Green Grape and Flower & Fruit Milkshake Orange Blossom Honey Pomelo. (FoodTalks)
Zhejiang Haoyiji Dairy Project Officially Breaks Ground Recently, the groundbreaking ceremony for the Zhejiang Haoyiji Dairy Project was successfully held in Wenzhou. The project has a total investment of 1 billion yuan and plans to build 6 production lines, mainly producing formulated reconstituted milk, ambient yogurt, and other dairy products. Once completed, it is expected to produce 250,000 tons of liquid milk annually, with an annual output value of about 1 billion yuan after reaching full production. (Wencheng Release)
Tianwei Food Reports Revenue of 490 Million Yuan in Jan-Feb On March 13, Tianwei Food released its operating data for January-February: revenue of approximately 488 million yuan, a year-on-year increase of 21.35%, and net profit attributable to parent of approximately 82 million yuan, a year-on-year increase of 22.68%, both exceeding the annual growth target of 20%. (Food Board)
Anjoy Food Reports Revenue of Approximately 2.58 Billion Yuan in Jan-Feb Anjoy Food announced on the evening of March 12 that, based on preliminary calculations, the company achieved revenue of approximately 2.58 billion yuan during January-February 2023, a year-on-year increase of about 37.4%. (Food Board)
