---
title: "FMCG Daily News | 160 Shopping Malls' 2022 Sales Reach 349.5 Billion Yuan; JD Seven Fresh and Mengniu Chilled Milk Reach Strategic Cooperation..."
description: "According to Lianshang.com, 160 shopping malls in 29 cities (excluding Hong Kong, Macao, and Taiwan) achieved total sales of 349.555 billion yuan in 2022. JD Seven Fresh South China region and Mengniu Chilled Milk have reached a strategic cooperation, with Mengniu's new product 'Telunsu Flavored Yogurt' to be launched exclusively across all channels of JD Seven Fresh."
author: "New Distribution"
publisher: "New Distribution"
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published: "2023-03-11"
language: "en"
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# FMCG Daily News | 160 Shopping Malls' 2022 Sales Reach 349.5 Billion Yuan; JD Seven Fresh and Mengniu Chilled Milk Reach Strategic Cooperation...

> According to Lianshang.com, 160 shopping malls in 29 cities (excluding Hong Kong, Macao, and Taiwan) achieved total sales of 349.555 billion yuan in 2022. JD Seven Fresh South China region and Mengniu Chilled Milk have reached a strategic cooperation, with Mengniu's new product 'Telunsu Flavored Yogurt' to be launched exclusively across all channels of JD Seven Fresh.

**160 Shopping Malls' 2022 Sales Reach 349.5 Billion Yuan**
According to statistics from Lianshang.com, a total of 160 shopping malls in 29 cities across the country (excluding Hong Kong, Macao, and Taiwan) achieved sales of 349.555 billion yuan in 2022. Among them, there were 139 shopping centers, accounting for 86.88%; 10 department stores, accounting for 6.25%; and 11 outlet malls, accounting for 6.87%. (Lianshang.com)

**JD Seven Fresh South China Region and Mengniu Chilled Milk Reach Strategic Cooperation**
On March 8, the official account of Seven Fresh announced that the strategic cooperation ceremony between JD Seven Fresh South China region and Mengniu Chilled Milk was recently held at JD Seven Fresh's Shenzhen Luohu Tianhecheng store. Mengniu's new product 'Telunsu Flavored Yogurt' will be launched exclusively across all channels of JD Seven Fresh. (Professional Retail Network)

**Douyin E-commerce Revises Price Promotion Rules**
On March 9, Douyin E-commerce issued a public notice that the 'Douyin E-commerce Creator Price Promotion Behavior Specification' has been revised and officially took effect. The specification clearly requires that creators, before promoting products, have the obligation to verify the selling price, compared price, price protection services, and other price-related promotional information, ensuring clear pricing and that the promotional information is true, objective, and accurate, and must not engage in false or misleading descriptions. (New Consumption Daily)

**SHEIN Says No Plans for IPO at Present**
There were reports citing sources that cross-border e-commerce platform SHEIN will conduct a financing round this month, with a scale of about $2 billion, and there were rumors that it would list in the US as early as the second half of 2023. SHEIN responded that the news is untrue and that the company currently has no plans for an IPO. (New Consumption Daily)

**LEGO Group Plans to Open 145 New Stores in 2023**
On March 7, LEGO Group CEO Niels B. Christiansen said that LEGO plans to open 145 new stores this year, mainly in China. In addition, LEGO plans to start operating new factories in Vietnam and Virginia, USA, in 2024 and 2025 respectively, reducing transportation costs by setting up factories near major markets. (Viewpoint Network)

**Uni-President China Holdings Plans to Re-elect Liu Xinhua as Executive Director**
Uni-President China Holdings announced today that it will hold a shareholders' meeting in June, planning to re-elect Lo Chih-hsiung and Liu Xinhua as executive directors, and re-elect Chen Kuo-hui and Chien Chi-lin as non-executive directors. (Company Announcement)

**China's Logistics Market Scale Ranks First Globally for 7 Consecutive Years**
According to the China Federation of Logistics & Purchasing, in 2022, China's total social logistics volume reached 347.6 trillion yuan, and the total revenue of the logistics industry was 12.7 trillion yuan. China's logistics market has been the world's largest for 7 consecutive years. (CCTV News)

**Bida Consulting Report: In 2022, Online Channels for Maternal and Baby Products Accounted for 26.6%**
On March 8, Bida Consulting released the 2022 China Internet Maternal and Baby Market Research Report. The report points out that the per capita ARPU of maternal and baby family parenting has maintained rapid growth, expected to exceed 6,785 yuan in 2023 and reach 7,410 yuan in 2024. In 2022, the scale of online channels for maternal and baby products accounted for 26.6%. (Professional Retail Network)


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