Today's Headlines Highlight 1: You raise, I raise, everyone raises! Want Want's Tsai Eng-meng: It's time to raise prices! Recently, at China Want Want's results meeting, Chairman of the Board Tsai Eng-meng said that Want Want products are too cheap now, and since everyone is desperately raising prices, we naturally should too. Want Want means you prosper, I prosper, everyone prospers; you make money, I make money, everyone makes money, so that the business can flourish. Highlight 2: Alibaba completes 'New Retail' renovation of 100 RT-Mart stores On June 11, RT-Mart announced that 100 stores nationwide have completed Tmall New Retail upgrade and renovation. The renovated RT-Mart stores have drawn on the experience of Hema Fresh and Taoxianda, and can provide integrated online-offline services to users within a 3-kilometer radius of the store. Previously, some RT-Mart stores had already listed Tmall Supermarket products and launched one-hour delivery services following Hema's experience. Not long ago, Hema and RT-Mart jointly launched a new format, Hema Xiaoma. The two sides have been deepening their collaboration in stores, supply chain, digital marketing, and other areas. It is reported that the first batch of 100 upgraded stores are spread across five major regions: East China, North China, Northeast, Central China, and South China. Among them, 41 are in East China, covering first-tier and provincial capital cities such as Shanghai, Hangzhou, and Guangzhou, as well as numerous third- and fourth-tier cities like Wuxi, Yancheng, and Jiamusi. Highlight 3: Imported spirits fully recover in China! Pernod Ricard bets on middle class and millennials for accelerated growth Following a successful turnaround last fiscal year, spirits giant Pernod Ricard has announced accelerated expansion in China. As the leading imported spirits player in the Chinese market, the French spirits and wine producer said it will double its share of the overall imported spirits market, reaching 2% by 2025 (in 2017, this figure was 1%, and reaching 1% took 15 years), while also expanding wine's share of the alcoholic beverages market. Currently, the overall size of China's alcoholic beverages market is nearly one trillion yuan. New Products Highlight 1: Coca-Cola launches World Cup ads and digital bottles Recently, Coca-Cola continued to roll out its World Cup ads under the theme "Being Ready." The new ad features Alex Hunter, a player from FIFA 18, who is comforted by fans after a poor match. Mercado McCann has produced a total of three ads for Coca-Cola, including "Stock Up" and "Ready For." Additionally, The Cyranos//McCann has designed Coca-Cola can packaging with numbers that can be used for score predictions. Highlight 2: Red Star launches new product 'Gu Niang' Recently, Red Star Erguotou launched its new product "Gu Niang" (Ancient Brew). This series is a light-aroma baijiu, including 500ml and 125ml versions, priced at 70-100 yuan and 25-35 yuan respectively. Considering the product itself and current industry trends, Red Star's new launch aims for breakthroughs on two fronts, consolidating and expanding Red Star Erguotou's leading advantages in segments such as bottled liquor and small bottles. Highlight 3: Haoxiangni launches multiple fruit and vegetable snack products, focusing on healthy food and FD freeze-drying technology Currently, Haoxiangni's FD freeze-dried products include Qingfeifei series, Yanfeifei, and freeze-dried red date crisps. The newly launched freeze-dried fruit and vegetable products include 12 snacks: freeze-dried red date with strawberry, freeze-dried red date with yellow peach, freeze-dried red date with blueberry, freeze-dried red date with corn kernels, freeze-dried red date with apple, freeze-dried red date with mango, freeze-dried red date with fig, freeze-dried red date with durian, freeze-dried red date with banana, freeze-dried red date with dragon fruit, freeze-dried red date with purple grape, and freeze-dried red date with pineapple. Industry News Highlight 1: 3 batches of food fail inspection, Yonghui Superstores repeatedly on 'food safety blacklist' Yonghui Superstores has recently been frequently exposed for food quality issues. On June 8, the Beijing Food and Drug Administration released the 2018 Issue 32 announcement of food safety supervision and sampling inspection, showing that food sold by Yonghui Superstores' Fengtai District Caoqiao branch used preservatives in violation of regulations. Three days earlier, Yonghui Superstores was also reported for selling red date cakes with excessive preservatives at its Tongzhou District Taihu branch. Highlight 2: Three types of imported alcohol see significant tax cuts Starting July 1, import tariffs on daily consumer goods will see another round of broad reductions, covering 1,449 tariff lines, fully encompassing clothing, food, housing, and transportation. This is the fifth time since 2015 that China has lowered tariffs on daily consumer goods, and the number of tariff lines is seven times the total of the previous four rounds. The average tariff rate will drop from 15.7% to 6.9%. It is worth noting that among the 1,449 tariff lines, several special types of alcohol appear on the list: Highlight 3: Nestlé acquires famous British bottled water brand According to foreign media reports yesterday, Nestlé Waters has purchased a majority stake in Princes Gate, a well-known British bottled water brand, which is the eighth largest bottled water producer in the UK. Nestlé stated that the acquisition is conducive to the continued development of its bottled water business in the UK market and meets the growing local demand for bottled water. According to data, Princes Gate is headquartered in West Wales, founded in 1991 by two brothers, and currently has its own water brand while also serving as a supplier for other water brands. Highlight 4: Wuliangye's M&A targets Sichuan's 'Six Golden Flowers'? Chairman: Not convenient to say more, figure it out yourself On the morning of June 8, Wuliangye Yibin Co., Ltd. held its 2017 annual shareholders' meeting at the company's headquarters in Yibin, Sichuan Province. At the shareholders' meeting, in response to a reporter from The Paper's question about investment and M&A intentions, Li Shuguang said that Wuliangye is "definitely targeting high-quality targets in the baijiu industry," and that there are many high-quality resources for strong-aroma baijiu. Sichuan especially has the 'Six Golden Flowers' (note: namely Wuliangye, Luzhou Laojiao, Jiannanchun, Tuopai Qujiu, Quanxing Daqu, and Langjiu, of which Langjiu is sauce-aroma baijiu, while the other five are strong-aroma baijiu). Li Shuguang said: "The strategic task for Sichuan's brand resources is significant, and the next step of relative brand concentration is a major trend." "(Wuliangye) definitely has (M&A) targets, but this is sensitive and not convenient to say more, but you can figure it out yourself." He reiterated: "The 'Six Golden Flowers' have abundant resources." Today's Video Every bite of chocolate you eat is stained with blood behind it. -END-