---
title: "News | Jinmailang Denies Rumors of Suspending Sales in Beijing; Budweiser Launches First Unmanned Beer Concept Store; Community Group Buying Financing Frequently; Lei Jun and Dong Mingzhu's 10 Billion Bet Final Sprint..."
description: "Today's top stories: Jinmailang denies reports of suspending sales in Beijing, stating that business adjustments do not affect product availability. Budweiser introduces the industry's first unmanned beer concept store. Community group buying platforms secure significant funding, including a record $108 million round for Xiaoqule. Additionally, Laoganma reiterates its stance against going public, and major food companies release Q3 earnings."
author: "New Distribution"
publisher: "New Distribution"
email: "zhaobo258@gmail.com"
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published: "2018-11-20"
language: "en"
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markdown: "https://xinjignxiao.com/en/articles/news-jinmailang-denies-rumors-of-suspending-sales-in-beijing-budweiser-l-167ba4d5.md"
original_source: "https://mp.weixin.qq.com/s/hTLNsTbgwO_23D-4Jq_lMg"
translation: "https://xinjignxiao.com/zh/articles/%E8%B5%84%E8%AE%AF-%E4%BB%8A%E9%BA%A6%E9%83%8E%E8%BE%9F%E8%B0%A3-%E5%9C%A8%E5%8C%97%E4%BA%AC%E5%9C%B0%E5%8C%BA%E5%81%9C%E5%94%AE-%E6%B2%A1%E9%82%A3%E5%9B%9E%E4%BA%8B-%E7%99%BE%E5%A8%81%E6%8E%A8%E5%87%BA%E9%A6%96%E4%B8%AA%E6%97%A0%E4%BA%BA%E5%95%A4%E9%85%92%E6%A6%82%E5%BF%B5%E5%BA%97-%E7%A4%BE%E5%8C%BA%E5%9B%A2%E8%B4%AD%E8%9E%8D%E8%B5%84%E9%A2%91%E9%A2%91-%E9%9B%B7%E5%86%9B%E8%91%A3%E6%98%8E%E7%8F%A010%E4%BA%BF%E8%B5%8C%E7%BA%A6%E6%9C%80%E5%90%8E%E5%86%B2%E5%88%BA-167ba4d5.md"
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# News | Jinmailang Denies Rumors of Suspending Sales in Beijing; Budweiser Launches First Unmanned Beer Concept Store; Community Group Buying Financing Frequently; Lei Jun and Dong Mingzhu's 10 Billion Bet Final Sprint...

> Today's top stories: Jinmailang denies reports of suspending sales in Beijing, stating that business adjustments do not affect product availability. Budweiser introduces the industry's first unmanned beer concept store. Community group buying platforms secure significant funding, including a record $108 million round for Xiaoqule. Additionally, Laoganma reiterates its stance against going public, and major food companies release Q3 earnings.

Today's Headlines
**1. Jinmailang Denies Rumors: Suspending Sales in Beijing? No Such Thing!** ▲▲▲
Yesterday, media reported that their journalist noticed Jinmailang's Liangbaikai (cool boiled water) products were not displayed or sold in multiple supermarkets and community convenience stores. A regional business manager in Beijing was quoted saying that Jinmailang is currently adjusting its beverage and noodle business in Beijing, which affected product distribution.
In response, New Distribution verified with Jinmailang's internal executives, who replied that the news is untrue. Beijing is indeed undergoing integration of beverage and noodle businesses, but it does not affect product sales. Jinmailang's Liangbaikai and softened water are available throughout Beijing West Railway Station and sell very well. Moreover, Beijing West Railway Station exclusively sells Jinmailang beverages. As for why supermarkets don't carry them, the executive explained that supermarkets charge exorbitant entry fees and have poor sell-through, making it normal for manufacturers to avoid cooperation. The executive told reporters that Jinmailang's internal guidance is that selling well in terminal retail stores is what matters. Consumers won't go to supermarkets to buy a pack of cigarettes or a bottle of water; doing well in terminal stores is truly good.
@henry: Jinmailang Liangbaikai is absolutely awesome!
@Beautiful Planet: It's really normal for manufacturers not to cooperate with supermarkets... Let's all disperse, onlookers!
**2. Budweiser Opens a High-Tech Unmanned Beer Store; Visitors Don't Want to Leave!** ▲▲▲
As the overall consumption environment becomes younger, Budweiser is keeping up with trends. At last week's Beer Expo, it launched the industry's first unmanned beer concept store.
The unmanned beer concept store integrates beer sales, Budweiser merchandise, a self-service bar, and brewing craftsmanship. The attractive black technology made attendees eager to try it out!
Self-service beer dispensing was a highlight of this tech innovation. Previously, we drank beer poured for us, which lacked fun. This time, Budweiser introduced a self-service beer machine where you simply scan a QR code to order, then choose different beers according to your preference. The dispensed beer has a refreshing taste and excellent freshness.
(On-site experience of dispensing beer, very fun)
Of course, Budweiser adheres to "wise drinking" and has set up a system at the entrance of the unmanned beer concept store to prevent minors from entering.
@Jesus: Awesome, taking this step early!
@No Dot: When will they actually open one?
**3. 'Songshu Pinpin' Completes $30 Million Series A Financing** ▲▲▲
Recently, the community group buying platform "Songshu Pinpin" announced the completion of a $30 million Series A financing round. Investors include top venture capital institutions such as IDG, Hillhouse Capital, MSA, and Sky9 Capital, as well as Gan Jiawei, former COO of Meituan. Index Capital served as the exclusive financial advisor. "Songshu Pinpin" had previously received $4 million in angel funding from IDG and BAT.
**4. Largest Financing in Community Group Buying to Date:**
**'Xiaoqule' Secures $108 Million Series A Financing** ▲▲▲
Gejia Network's community group buying platform "Xiaoqule" recently completed a $108 million Series A financing round. This round was co-led by GGV Capital, Vertex Ventures, and SIG Asia, with participation from Shunwei Capital, GF Xinde, Zhongwei Capital, Sequoia Capital China, ZhenFund, Ping An Ventures, and Zhejiang University Alumni Ventures.
Since the second half of the year, "community group buying" has been at the forefront. Previous statistics show that by the end of October, in less than half a year, nearly 13 large community group buying platforms had raised nearly 2 billion yuan in total, with giants like Meicai, Pinduoduo, and Miss Fresh also entering the fray. Xiaoqule's financing is the largest single-round financing publicly announced by a domestic community group buying platform to date.
@Wind and Wheat Waves: Community group buying is completely hot!
@Sanpin: I thought of doing this 5 years ago, but the startup capital was substantial and I couldn't start. Building community culture has the potential to achieve great things. Personally, I think we can think even more broadly, and a unicorn will emerge.
**5. Laoganma Again Refuses Capital Market:**
**No IPO, Will Develop Over 200 New Product Series** ▲▲▲
Recently, an interview with Laoganma founder Tao Huabi by a self-media under Guizhou Radio and Television was widely shared on social networks. In the interview, the "national goddess" of Chinese people worldwide once again gave the capital market a "friend zone" card.
Tao Huabi said in the interview: "No loans, no equity participation, no financing, no IPO. This is good; I do as much as I have money for." With this, the recent speculation about Laoganma going public, triggered by "Shenzhen Stock Exchange leading a team to investigate Laoganma," can be completely put to rest.
From an output value of 45.49 million yuan in 1998 to about 4.5 billion yuan in 2016, Tao Huabi started from scratch, turning Laoganma from a small chili sauce workshop into a well-known Guizhou brand comparable to Moutai. Tao Huabi said: "I will continue to do it. After I cure my cervical spine, I will develop series products. I only have over 20 now; I want to reach over 200."
@5 Grains: Laoganma has long said: IPO? Don't even talk about it! No discussion!
@SEKKISEI: Domineering!
Tencent Express
**1. Summary of Q3 Reports for Foreign Food Giants:**
Nestlé: 156.838 billion yuan
Recently, Nestlé Group released its financial report for the first nine months of 2018. During the reporting period, total sales increased by 2% year-on-year to 66.4 billion Swiss francs (equivalent to 462.847 billion yuan), achieving organic growth of 2.8% and real internal growth of 2.3%.
Revenue in the third quarter reached 22.5 billion Swiss francs (equivalent to 156.838 billion yuan).
PepsiCo: 114.477 billion yuan
Recently, Nestlé Group released its financial report for the first nine months of 2018. During the reporting period, total sales increased by 2% year-on-year to 66.4 billion Swiss francs (equivalent to 462.847 billion yuan), achieving organic growth of 2.8% and real internal growth of 2.3%.
Revenue in the third quarter reached 22.5 billion Swiss francs (equivalent to 156.838 billion yuan).
Coca-Cola: 57.273 billion yuan
Coca-Cola's third-quarter financial report showed that organic sales increased by 6% year-on-year; operating revenue was $8.25 billion (equivalent to 57.273 billion yuan), down about 9% from the same period last year; net profit was $1.88 billion, up 30% year-on-year.
Danone: 49.072 billion yuan
Danone, which owns "cash cow" brands such as Aptamil, Nutrilon, Mizone, and Evian, recently announced its third-quarter 2018 performance. In the first nine months, Danone's sales revenue increased by 3.1% year-on-year; third-quarter sales revenue increased by 1.4% year-on-year to 6.2 billion euros (equivalent to 49.072 billion yuan).
Mondelez International: 47.336 billion yuan
Oreo parent Mondelez International reported its third-quarter fiscal 2018 results. The report showed revenue of $6.3 billion (equivalent to 43.736 billion yuan), a slight decline from $6.5 billion in the prior year; profit was $1.2 billion (equivalent to 8.331 billion yuan), up 22.32% from the same period last year.
Hershey: 14.432 billion yuan
Hershey reported third-quarter 2018 results. In the quarter, Hershey's revenue was $2.079 billion (equivalent to 14.432 billion yuan), up 2% year-on-year; net profit was $260 million (equivalent to 1.805 billion yuan), down 4% year-on-year.
Orion China: 1.545 billion yuan
Recently, Orion China released its third-quarter financial report, showing that from January to September, Orion's revenue reached 4.254 billion yuan, up 15.5% year-on-year, and operating profit was 649 million yuan, a surge of 292.1% year-on-year.
**2. Moutai Personnel Change: Wang Xiaowei to Serve as Party Secretary and Chairman of Sales Company**
On November 19, Guizhou Moutai Liquor Sales Co., Ltd. held a cadre and employee meeting. The meeting announced the decision of the group party committee to appoint Wang Xiaowei, Party Branch Secretary of Moutai's 25th Workshop, as a member and secretary of the Party Committee of the Chinese Communist Party in Guizhou Moutai Liquor Sales Co., Ltd., and recommend him as a candidate for director, chairman, and legal representative of the Moutai Liquor Sales Company.
**3. JD.com Releases Q3 2018 Financial Results; Net Profit Surges 200% Year-on-Year**
On November 19, Beijing time, JD.com released its third-quarter 2018 results, including:
Under US GAAP, net profit from continuing operations attributable to ordinary shareholders was 3 billion yuan (approximately $400 million), compared to 1 billion yuan in the same period last year, a significant increase of 200% year-on-year, setting a single-quarter record;
Under Non-GAAP, net profit from continuing operations attributable to ordinary shareholders was 1.2 billion yuan (approximately $200 million), achieving profitability for 10 consecutive quarters amid sustained high R&D investment;
JD Mall, the core business of JD Group, achieved an operating margin of 2.2%, basically flat with the historical single-quarter highest profitability level.
**4. Wumart Launches Dual Convenience Store Brands, Beijing Market Landscape Changes**
The Beijing convenience store market is about to enter a turbulent era, with new brands entering and old brands losing their glory. It is understood that in addition to Wumart convenience stores, Wumart will soon launch another convenience store brand, with store resources coming from the former Linjia convenience store. At that time, Wumart will have about 370 convenience stores, and the brand landscape and scale ranking in the Beijing convenience store market will undergo significant changes.
Moment of Relaxation
**Xiaomi Releases Q3 Report; Lei Jun Still 18.2 Billion Behind Dong Mingzhu; Final Sprint for 10 Billion Bet**
On November 19, Xiaomi released its third-quarter financial report. As of September 30, Xiaomi's total revenue was 130.5 billion yuan, while Gree's was 148.7 billion yuan, still a gap of 18.2 billion yuan. With only over a month left until the end of December when the bet deadline arrives... Who do you think will win?
**Star: New Distribution**
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