---
title: "FMCG Daily | Pinduoduo Net Profit Surges; Zhang Lan Responds to Overseas Debt of 980 Million"
description: "Pinduoduo reported a significant increase in net profit for 2022, with Q4 revenue up 46% year-on-year. Zhang Lan responded to reports of overseas debt, claiming she was targeted by capital."
author: "New Distribution"
publisher: "New Distribution"
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published: "2023-03-21"
language: "en"
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# FMCG Daily | Pinduoduo Net Profit Surges; Zhang Lan Responds to Overseas Debt of 980 Million

> Pinduoduo reported a significant increase in net profit for 2022, with Q4 revenue up 46% year-on-year. Zhang Lan responded to reports of overseas debt, claiming she was targeted by capital.

**Pinduoduo's 2022 Net Profit Surges**
On March 20, Pinduoduo released its unaudited financial results for the fourth quarter and full year of 2022. In Q4, revenue was 39.82 billion yuan, up 46% year-on-year; annual revenue was 130.6 billion yuan, up 39%; net profit attributable to ordinary shareholders was 31.5 billion yuan, a 306% increase from 2021. (Company announcement)

**Zhang Lan's Overseas Debt of 980 Million? Response: Targeted by Capital**
Recently, a judgment published by a U.S. federal district court showed that Zhang Lan still owes CVC Capital 142 million USD (approximately 980 million yuan) plus interest. On March 18, during a livestream, Zhang Lan held up her brand's cold noodles and responded to fans' repeated questions, saying the debt was due to being targeted by capital: "I didn't scheme against others, so it's not shameful." (China Economic Weekly)

**China Consumers Association Releases Report on 'Third-Party Evaluations': Most Have Problems and Need Regulation**
On March 21, the China Consumers Association (CCA) released the "Report on the Impact of 'Third-Party Evaluations' on Consumer Rights." The survey found that most 'third-party evaluations' have problems, including lack of evaluation standards, difficulty in ensuring impartiality when combining business and evaluation, and false evaluations. (CCA)

**Nongfu Spring Establishes Drinking Water Company in Dujiangyan**
According to Tianyancha App, on March 16, Nongfu Spring Sichuan Qingchengshan Drinking Water Co., Ltd. was established, with legal representative Rao Minghong, Zhong Shanshan as executive director, registered capital of 30 million yuan, located in Dujiangyan, Chengdu, Sichuan. The company is wholly owned by Nongfu Spring Co., Ltd. (Interface News)

**Zong Qinghou Discusses Succession, Says Will Step Back from Frontline**
Recently, Wahaha Chairman Zong Qinghou discussed succession on CCTV Finance's "Dialogue" program, saying: "I probably won't retire, but I will step back from the frontline, let young people charge ahead, and I'll watch from behind, correct course if they stray, and offer advice." (Beijing News)

**Shihuituan Founders Chen Ying and Wang Peng Withdraw from Company**
According to Tianyancha App, on March 20, Beijing Shihui Technology Co., Ltd., the main entity of Shihuituan, underwent industrial and commercial changes. Original shareholders Beijing Yingfeng Changjian Partners Technology Partnership (Limited Partnership), Chen Ying, Liu Gang, and Wang Peng all exited, and new shareholders Beijing Fenghe Rixin Technology Co., Ltd. and Beijing Wenwei Technology Co., Ltd. were added. (Interface News)

**Taocaicai Launches in Bozhou, Anhui Today**
On March 21, Alibaba's community e-commerce platform Taocaicai opened a new city in Bozhou, Anhui. It is understood that Bozhou Taocaicai integrates the comprehensive supply and fulfillment capabilities of both the Hefei Central Warehouse in Anhui and the Xuzhou Central Warehouse in Jiangsu. Recently, Taocaicai has been expanding to new cities: the Southern Zhejiang Central Warehouse opened on February 10, and Hangzhou's main city opened on March 12. (Interface News)

**Pangdonglai New Store Parking Fee Standard Adjusted**
On March 20, in Xuchang, Henan, Pangdonglai Angel City adjusted its parking fee standard. Previously charged parking fees at Angel City will be refunded through the charging system. Netizens: Every refund makes me want to visit Pangdonglai more! (Xuchang People, Xuchang Matters)

**Suning.com Adds New Enforcement Information**
According to Tianyancha App, recently, Suning.com Group Co., Ltd. added a new piece of enforcement information, with an execution target of over 16.12 million yuan. The person subject to execution also includes Hefei Suxiansheng Supermarket Procurement Co., Ltd., and the executing court is Hefei Luyang District People's Court. (Interface News)

**FrieslandCampina, Parent of Friso, Selects New CEO**
On March 17, Dutch dairy company FrieslandCampina announced the appointment of 55-year-old Jan Derck van Karnebeek as its new CEO. Van Karnebeek will join FrieslandCampina on June 1, succeeding Sim Han, who departs on May 1. (SnackDaily)

**Yonghui Private Brand Launches 'Lotus Seed Drink'**
On March 20, it was reported that Chan Da Shi, Yonghui's snack brand, launched a healthy drink 'Chan Da Shi Lotus Seed Drink' after introducing small lime juice and corn juice last year. (Professional Retail Network)


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