1. Alibaba's South Asian e-commerce platform Daraz announces 11% layoffs According to Titanium Media App on February 7, Daraz CEO Bjarke Mikkelsen announced in a letter to employees on February 6 that the company would cut 11% of its workforce to adapt to lower growth prospects in the coming years. Alibaba acquired Daraz from Rocket Internet in 2018. (Titanium Media)
2. Better Life director Hao Rui resigns On the evening of February 6, Better Life issued a director resignation announcement. The announcement stated that the board received a resignation letter from director Hao Rui on February 6, 2023. Due to work arrangements, Hao Rui applied to resign from the board of the sixth session and will not hold any other positions in the company after resignation. (Lianshang.com)
3. Xiangpiaopiao's net profit fell 5.54% last year Recently, Xiangpiaopiao released its 2022 performance report, expecting total operating revenue of 3.117 billion yuan, down 10.08% year-on-year; net profit of 210 million yuan, down 5.54% year-on-year. The main reason for the revenue decline includes the impact of the epidemic leading to a decrease in sales of its instant products. (Company announcement)
4. Pudong issues the city's first pre-made food production license The Shanghai Municipal Market Supervision Administration issued the "Shanghai Pre-Made Food Production License Review Plan" in January 2023, which took effect on February 1. According to Xinmin Evening News reporters, the "Review Plan" is the first normative document for production license review in the pre-made food field in the country, clarifying that 8 major categories and 23 sub-categories of food are included in the pre-made food scope, and specially adding "Other Foods: Non-ready-to-eat Refrigerated Pre-Made Food" as a product detail. (Xinmin Evening News)
5. Master Kong plans to invest 1 billion yuan in Jiangmen for expansion Recently, at the Pengjiang venue of the first quarter major project centralized signing and commencement event in Jiangmen, Master Kong Holdings Co., Ltd. plans to add an investment of 1 billion yuan in Pengjiang, Jiangmen this year, setting up 7 production lines for packaging materials, bottle caps, beverage bottles and other products, providing supporting services for the production and packaging of Master Kong instant noodles, tea drinks, Pepsi-Cola and surrounding food enterprises. (Jiangmen News Network)
6. OATLY launches spring limited edition new products Recently, OATLY launched spring limited edition new products: camellia-flavored oat latte and limited gift boxes. Currently, the product is available in 250mL*12 bottles, priced at 130 yuan. (Company release)
7. Sam's Club accelerates expansion in China, 4 new stores to open this year According to Lianshang.com, recently, the WeChat public account "Walmart Recruitment" released the February recruitment announcement for new Sam's Club stores. Four stores, including Shanghai Zhenru, Fuzhou Cangshan, Shenzhen Qianhai, and Shanghai Jiading, will open successively this year. Positions include store deputy general manager, HR and administration manager, department supervisor, HR manager, fresh chef, market representative, HR specialist, administrative clerk, technician, and promoter. (Lianshang.com)
8. Ele.me invests in Dianwei Information Technology Company On February 7, Tianyancha App showed that Dianwei (Shanghai) Information Technology Co., Ltd. recently underwent industrial and commercial changes. The original shareholder, Meituan Buyi Deng (Shanghai) Information Technology Co., Ltd., withdrew, and new shareholders include Ele.me's related company Shanghai Lazas Information Technology Co., Ltd. and Koubei's related company Hangzhou Koukou Xiangchuan Network Technology Co., Ltd. At the same time, Li Meng stepped down as legal representative, replaced by Mei Jinwan. (Lianshang.com)
9. Niulanshan Gold Label sold 2 million cases in 2022 On February 3, Niulanshan Distillery held its 2022 factory affairs disclosure and summary commendation conference. The meeting introduced that the sales target of 2 million cases for the "Gold Label" single product in 2022 was successfully completed. In 2023, it will continue to focus on the "dual-wheel drive" of light bottle liquor with "Chenniang" and "Gold Label" as the core, and the target terminal coverage rate for "Gold Label" should reach over 80%. (Weijiu)
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