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Who Doesn't Want Zong Fuli to Take Over?
On July 18, an internal letter about Zong Fuli's resignation from Wahaha went viral on social media, sparking widespread speculation. Despite her efforts to reform the company since her father's death, internal conflicts and disputes over her management have made her succession far from smooth.
让商业更具价值Behind the Makeover of Yonghui: A Capital Game of Acquaintances
The article explores how Pangdonglai, a regional supermarket chain in Henan, has become a national sensation by revamping major retailers like Yonghui Superstores, and reveals the intricate capital and personal connections behind these makeovers, questioning whether such transformations can be replicated nationwide.
让商业更具价值The Son of China's Richest Man in Daily Chemicals Has a Tough Job
Liby, a giant in China's daily chemical industry, is facing intense competition and slowing growth, leading to layoffs and downsizing. The founder's son, Chen Zebin, has taken over as chairman but faces challenges from rivals and internal resistance to his digital reforms.
让商业更具价值Getting Pricier, Beer Giants Rake in 100 Billion Yuan Annually
Beer giants' 2023 annual reports reveal a common trend: sales volumes are flat or slightly down, while revenue and especially profit growth are driven by higher per-ton prices. The four major players—China Resources Beer, Tsingtao Brewery, Chongqing Brewery, and Yanjing Brewery—saw their combined revenue exceed 100 billion yuan for the first time, reaching 101.9 billion yuan, with net profits growing rapidly. China Resources Beer remains the undisputed leader, having expanded through acquisitions since 1993, but its foray into baijiu has yet to yield significant results.
让商业更具价值Coconut Palm, Criticized for 'Borderline' Content, Sells 5 Billion Yuan
In Coconut Palm's livestream, female hosts wear tight outfits and shorts, while muscular male hosts wear tank tops and shorts. Many praise the hosts for 'sunny, healthy beauty,' but some accuse the brand of 'borderline' content. Amid mixed reviews, Coconut Palm sold 5 billion yuan in 2023. At the Chengdu Spring Sugar and Wine Fair, Coconut Palm moved its livestream to an offline booth, drawing large crowds and online viewers.
让商业更具价值Haitian Stumbles, Qianhe Feasts
Qianhe Flavoring's profit forecast of over 500 million yuan, up more than 50%, excited its 70,000 shareholders, who called for Zhongju High-tech to give up its second-place position. By January 31, the market cap gap between the two had narrowed to 2.876 billion yuan. As a latecomer in the soy sauce industry, Qianhe's strong performance is linked to the stumble of industry leader Haitian Flavoring, whose sales declined due to the 'double standard' controversy, while Qianhe, focusing on 'zero-additive' products, caught the windfall.
让商业更具价值Sam's Club Gains Another Rival
Sam's Club, the membership-only warehouse favored by China's middle class, faces increasing competition. Its global rival Costco, after five years in Shanghai and surrounding areas, has entered Sam's stronghold in Shenzhen, attracting 130,000 members and earning over 25 million yuan in membership fees shortly after opening. Costco's store locations show it is directly competing with Sam's, entering cities where Sam's already has at least two stores.
让商业更具价值Moutai is turning itself into cooking wine
With two co-branded products in a month, netizens joke that Moutai is turning itself into cooking wine, adding a drop to anything to boost its value. The latest Moutai Xiaoling liqueur chocolates cost nearly 20 yuan each, ten times more than regular Dove chocolates, making them unaffordable for many. Unlike the sauce-flavored latte that went viral earlier this month, this collaboration has not sparked much buzz on social media.
让商业更具价值Who Is Creating Ingredient List Anxiety?
Li Dan explores the growing consumer anxiety over ingredient lists, driven by social media and brands promoting '0-additive' products. This trend has boosted sales for companies like Yuanqi Forest and Jane's Yogurt, but experts caution that the real health concerns are high oil, salt, and sugar, not additives per se.
让商业更具价值3-Yuan Mineral Water Creates Another Billionaire
The water business may seem unremarkable, but it is highly lucrative, having produced several billionaires, from Wahaha's Zong Qinghou in the past to Nongfu Spring's Zhong Shanshan today. Less known is that behind Ganten, the leader in the natural mineral water market, stands another billionaire—Zhou Jingliang, known as the 'Father of China's Packaged Water.'
让商业更具价值