---
title: "News Flash | Coca-Cola Announces Q3 Results; Panpan Raises Prices; Pepsi Acquires a 'Superfood' Company; WeChat Fully Opens Product Search; Nestlé and Yinlu Jointly Create..."
description: "Coca-Cola's Q3 results show 5% sales growth in China, while Pepsi acquires Health Warrior, a plant-based snack company. Panpan raises prices, WeChat opens product search, and Nestlé and Yinlu launch a protein water for fitness enthusiasts."
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published: "2018-11-02"
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# News Flash | Coca-Cola Announces Q3 Results; Panpan Raises Prices; Pepsi Acquires a 'Superfood' Company; WeChat Fully Opens Product Search; Nestlé and Yinlu Jointly Create...

> Coca-Cola's Q3 results show 5% sales growth in China, while Pepsi acquires Health Warrior, a plant-based snack company. Panpan raises prices, WeChat opens product search, and Nestlé and Yinlu launch a protein water for fitness enthusiasts.

**Top News**
**1. Coca-Cola Announces Q3 Results** ▲▲▲
On October 30, Coca-Cola released its third-quarter financial report, with sales volume in the Chinese market recording a 5% increase. The company's global sales volume for the quarter grew 3%, net revenue declined 5%, but organic revenue grew 3%; net profit fell about 30% year-on-year to $1.45 billion.
Coca-Cola CEO James Quincey stated in a conference call that the company is shifting towards higher-end water brands in emerging markets such as Mexico and China. Although Coca-Cola has entered the health beverage market, carbonated drinks still account for nearly three-quarters of its sales.
Coca-Cola said the revenue decline was mainly due to the disposal of low-margin bottling businesses. The increase in profitability was mainly due to the successful strategy of investing in sugar-free beverages.
During the reporting period, Coca-Cola's carbonated beverage revenue increased by 2%; purified water and sports drinks grew by 1%.
Products such as Diet Coke, Zero Sugar, tea brand Fuze Tea, and bottled water brand Smartwater saw significant sales growth, with Diet Coke and Zero Sugar sales up more than 10% year-on-year.
However, James Quincey also said that the growth in carbonated drinks was offset by a decline in juice beverage sales.
**2. Pepsi Acquires 'Health Warrior' Maker of Plant-Based Energy Bars** ▲▲▲
Health Warrior's superfoods
Another nutrition food company has been acquired by PepsiCo.
According to Fortune, PepsiCo's incubator Hive has acquired plant-based nutrition snack company Health Warrior to meet changing consumer tastes. The terms of the deal were not disclosed.
Although PepsiCo already has a substantial snack portfolio under the Quaker brand, it does not have a strong presence in protein and energy bars. The company has been observing this sector for a long time.
Health Warrior was founded in 2010 and is headquartered in Richmond, Virginia, USA. It produces energy bars, muffins, protein products, and other items, with main ingredients including chia seeds, pumpkin seeds, and other 'superfoods'.
**'Superfoods' are foods rich in nutrients and with significant antioxidant effects on the human body.** As a concept of healthy eating, this term has been used since the 1980s and has become a trend in markets such as the United States in recent years. In addition to chia seeds and pumpkin seeds, blueberries, avocados, and flaxseeds are also classified as common superfoods.
**3. Xinjiang Fully Supports Camel Milk Development** ▲▲▲
Recently, at the launch conference of the Xinjiang key R&D project and its extension public welfare activities, it was learned that the public welfare activity of the key R&D project "Key Technology Research and Demonstration of Camel Milk and Donkey Milk" was officially launched. Xinjiang will invest 10 million yuan in Wangyuan camel milk products, recruit 10,000 diabetic experiencers nationwide, conduct a 3 to 12-month public welfare experience activity, and widely collect experience data to provide to Xinjiang University for extended research. Researchers said this experiment will help improve camel breeding efficiency and health, increase camel milk production, and through studying the functional components of camel milk, reassure consumers. The deputy director of the Xinjiang Science and Technology Department said the camel milk industry has good benefits and has become one of the leading industries for targeted poverty alleviation projects in northern Xinjiang pastoral areas.
**4. Nestlé and Yinlu Jointly Create Protein Water for Fitness Enthusiasts** ▲▲▲
On October 26, Nestlé held the "Nestlé China Innovation Day" event in Beijing, launching three brands created by its internal innovation incubation team for Chinese consumers, including **healthy ready-to-drink soup "Xingshan", personalized healthy snacks "Natural Foodie", and sports fitness ready-to-drink high-protein water "MuscleHunt"**.
Among them, the high-protein water beverage of "MuscleHunt" was jointly created by the team and Yinlu. This protein drink for sports and fitness enthusiasts mainly contains isolated whey protein powder. It comes in four flavors: lemon, citrus, melon, and grapefruit, and in two specifications—10 grams of protein and 25 grams of protein—priced at 23 yuan and 33 yuan respectively. In addition to e-commerce, it will also be sold in gyms, including OXYGYM in Beijing.
**5. Panpan Raises Prices** ▲▲▲
At the end of October, Fujian Panpan Food issued another price adjustment notice stating that some products under the Panpan brand, such as 105g chicken-flavored pieces, will undergo corresponding price adjustments, effective November 1, 2018 (see the dealer price notification table for the specific new price system).
**Daily Express**
**1. Fuling Zhacai Raises Prices for Some Products by 10%**
According to an announcement by Fuling Zhacai on the evening of November 1, the sales company raised the landed prices of 7 single products: 80g fresh crispy vegetable shreds (national version, Beijing version), 80g original flavor vegetable slices, 80g fresh and crisp vegetable cores, 80g fresh crispy vegetable shreds bulk, 80g original flavor vegetable slices bulk, and 80g fresh and crisp vegetable cores bulk, with an increase of about 10%. The price adjustment was implemented starting at 12:00 on October 29, 2018.
## 2. Before Double 11, WeChat Fully Opens Product Search
As Double 11 approaches, all players have entered a "wartime state." While Alibaba is making a final push for the last Double 11 under Jack Ma's tenure, Tencent has made a move. On November 2, reporters found that products can now be searched in the WeChat mini-program search bar! This is the second time WeChat has opened product search functionality, following "Search," and it is a fairly thorough opening. Since then, WeChat has formed a direct transaction channel for products, supporting the complete purchase process.
**3. Yangshengtang Expands into Japanese Market**
On November 1, Yangshengtang cosmetics entered Isetan, a famous high-end department store in Tokyo. This is another major move following the October 24 launch event in Omotesando, Tokyo, where Yangshengtang cosmetics unveiled four natural birch sap products: moisturizing mask, refreshing lotion, nourishing lotion, and moisturizing cream. With this, Yangshengtang cosmetics officially landed in Japan. Yangshengtang said their goal is to achieve long-term development in Japan, and their related products will subsequently enter well-known Japanese drugstore chains to further expand in the Japanese market.
**4. Coca-Cola Says It Will Not Add Cannabis to Beverages**
According to a Wall Street Journal report yesterday, Coca-Cola CEO James Quincey said that unless cannabis is legalized and its safety for daily consumption is confirmed, Coca-Cola will not add any cannabis ingredients to products in any region. However, Quincey said on Tuesday that if the 2018 Farm Bill passes, the company may have corresponding countermeasures, but before gaining broad consumer acceptance, Coca-Cola will never add other ingredients to beverages. Meanwhile, cannabis food and beverages are expected to be legalized in Canada next year.
**5. Deputy General Manager of Western Animal Husbandry Resigns**
Western Animal Husbandry announced on November 1 that the board of directors of Xinjiang Western Animal Husbandry Co., Ltd. received a written resignation report from Deputy General Manager Ma Xinwei yesterday. Ma Xinwei applied to resign due to work transfer. After resignation, Ma Xinwei will no longer hold any position in the company or its subsidiaries. The resignation report took effect when it was delivered to the board of directors on October 31, 2018. Ma Xinwei does not hold any shares in the company.
**Leisure Moment**
**Hsu Fu Chi Short Video Marketing:**
**Creating a Thai Ad Based on Product Fit**
Hsu Fu Chi, together with Tencent's Bamei Studio, invited the director of "A Little Thing Called Love" to create a top-tier Thai advertisement. **Leveraging the huge influence of classic film and TV IPs and the traffic characteristics of Thai ads, they created a Thai entertainment skit video parodying classic film and TV IPs, forming a viral short video spread that exceeded 20 million views within one day of launch.**
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