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Bao Xiufei Resigns as General Manager of Beingmate, Founder Xie Hong Takes Over; Expected to Turn Profit in 2020
Beingmate announced that General Manager Bao Xiufei resigned due to personal reasons, and Chairman Xie Hong will concurrently serve as General Manager. The company also released its 2020 performance forecast, expecting a net profit of 54-80 million yuan, turning from a loss of 103 million yuan in the previous year.
小食代Nestle Executives at Yinlu Hand Over in Collective Transition! Yinlu Reveals Four Major Battles for 2021
One month after Nestle officially announced the sale of Yinlu peanut milk and canned congee businesses in China to a holding company controlled by Yinlu founder Chen Qingshui's family, Yinlu's board members recently completed changes in business registration. According to the latest business registration information, on December 23, 2020, the investor type of Xiamen Yinlu Food Group Co., Ltd. changed from a foreign (regional) enterprise to a Taiwan, Hong Kong, and Macau enterprise, with the investor changing from Nestle Co., Ltd. to Yinlu Holdings (HK) Limited. At the same time, the company's chairman and legal representative changed from Rashid Qureshi to Chen Yanhe, with new directors Chen Yuanyang and Chen Yanfu, and supervisor Wu Yunjia added, while original directors Daniel Aellen and Pierre Thomas Francois, and supervisor Ge Bian exited.
小食代Modern Farming CEO First Discusses 'Keniu' Benefits, Unveils New Five-Year Goals
At its 15th anniversary celebration and 10th year on the Hong Kong Stock Exchange, China's largest dairy farming company Modern Farming set new targets. The company launched its 'Five-Year Leading Plan' aiming to double both cattle and milk production by 2025, increasing dairy cows from 250,000 to over 500,000 and annual fresh milk output from 1.5 million tons to over 3.6 million tons, while also entering the beef cattle industry. CEO Gao Lina discussed the company's role in the 'Keniu' project with Mengniu and Coca-Cola, and highlighted new opportunities in the post-pandemic era.
小食代Nestlé, Yili, PepsiCo All Tied to JD Daojia; Parent Company's Stock Has Risen Over 250%
In the post-pandemic era, instant retail platforms like JD Daojia are favored by major FMCG brands and have seen stock prices surge. Dada Group, parent of JD Daojia, saw its market value approach $12.7 billion after three consecutive days of record highs.
小食代Winning Hearts and Minds! China Resources Beer Executives Review AB InBev and Heineken Deals, Earning Over HK$20 Billion from Two Agreements
China's largest brewer, China Resources Beer, has demonstrated its speed, precision, and decisiveness through two major deals. In an interview with State-owned Assets Report, Hou Xiaohai, general manager of China Resources Snow Breweries, reviewed the 2016 and 2018 transactions with AB InBev and Heineken, revealing that the company earned over HK$20 billion from the two agreements combined.
小食代First Revealed: The Real Reason Behind PepsiCo's Investment in WuGuFang is Not Purely Financial
Over a month ago, an equity acquisition deal in China's food industry not only broke PepsiCo's recent record of no acquisitions in China but also sparked curiosity about the logic behind it. Last Friday, WuGuFang (1837.HK) held its 2019 interim results conference, providing an excellent window into the deal. Data shows that less than a year after listing on the Hong Kong Stock Exchange, WuGuFang, known as the 'second-largest natural health food company in China,' received an olive branch from PepsiCo.
小食代China Resources Beer CEO Reveals Latest Progress in Integrating Heineken China, Comments on AB InBev Asia Pacific's Postponed IPO
China Resources Beer Holdings (00291.HK) announced its first-half 2019 results, its first since completing the acquisition of Heineken China in April. CEO Hou Xiaohai discussed plans for new products and channels, the smooth integration of Heineken China, and expressed hope that Heineken would gain a market share similar to Corona. He also said the company is closely watching AB InBev's potential sale of a minority stake in its Asia business.
小食代Unilever's New CEO: Will Address Slowing Growth Brands in Food, Make More Acquisitions in Beauty & Personal Care!
Although Unilever sells RMB 153.5 billion worth of food and beverages annually, the company seems more inclined to bet on beauty and personal care. In a recent interview with the Financial Times, CEO Alan Jope hinted that the company's focus may shift further towards the higher-margin beauty and personal care business, with more acquisitions in that sector and continued divestment of slow-growing food brands.
小食代Uni-President Chairman Lo Chih-hsien: China Beverage Market Will Be 'Very Miserable' in H2; Q3 'Temporarily Closed'
At an analyst meeting following Uni-President's interim results, Chairman Lo Chih-hsien discussed the mainland beverage market, predicting a 'very miserable' second half and explaining the company's decision to 'temporarily close' its beverage business in Q3 to manage inventory and prepare for winter products.
小食代Food and Drug Administration Answers Reporter Questions: Food 'QS' Mark to Be Abolished
On the eve of the implementation of the new Food Safety Law, the China Food and Drug Administration issued several notices on new management policies, including this Q&A. It clarifies that the food 'QS' mark will be abolished. However, after October 1, foods with the 'QS' mark will not disappear from the market immediately but will gradually phase out over time. During this period, foods with old packaging bearing the 'QS' mark and those with new food production license numbers will coexist. Foods produced on or after October 1, 2018, must no longer use original packaging, labels, or the 'QS' mark.
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