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FMCG Daily | 51 financing rounds in consumer sector in February; Gome expects 2022 sales revenue to drop by over 50%...
In February, the consumer sector saw 51 financing rounds totaling 3.979 billion yuan, with unmanned retail attracting significant investment. Gome expects its 2022 sales revenue to decline by 55%-65% year-on-year.
New DistributionFMCG Daily | Heineken's €2.4bn Acquisition of African Beverage Giant Approved; Swire Coca-Cola Releases 2022 Annual Results...
Heineken's €2.4 billion acquisition of African beverage giant has been approved. Swire Coca-Cola released its 2022 annual results, showing a 36% decline in profit from mainland China. Walmart tops the 2023 Global Top 50 Retailers list.
New DistributionFMCG Daily News | 160 Shopping Malls' 2022 Sales Reach 349.5 Billion Yuan; JD Seven Fresh and Mengniu Chilled Milk Reach Strategic Cooperation...
According to Lianshang.com, 160 shopping malls in 29 cities (excluding Hong Kong, Macao, and Taiwan) achieved total sales of 349.555 billion yuan in 2022. JD Seven Fresh South China region and Mengniu Chilled Milk have reached a strategic cooperation, with Mengniu's new product 'Telunsu Flavored Yogurt' to be launched exclusively across all channels of JD Seven Fresh.
New DistributionFMCG Daily | JD.com Revenue Exceeds One Trillion; Yili to Build Largest Ranch in Luoyang...
JD.com's 2022 net revenue exceeded one trillion yuan, while Yili's YouRan Dairy plans to build the largest dairy cattle ranch in Luoyang. Other news includes the closure of a Guangzhou Tianhe City department store, Budweiser cutting US craft beer jobs, and Yashili's privatization conditions being met.
New DistributionFMCG Daily | Haohuanluo responds to Women's Day controversial copy; Beer sector ushers in industry-wide opportunity; JD Retail puts lower-tier markets first in 2023...
Haohuanluo responded to its controversial Women's Day copy, stating it was not intentional and that an investigation is underway. Guotai Junan released a report indicating that the beer sector is facing an industry-wide opportunity. JD Retail has prioritized lower-tier markets for 2023.
New DistributionFMCG Daily News | Yunnan Baiyao Chairman Resigns; Major Supermarkets Report Collective Losses in 2022...
Yunnan Baiyao's chairman Wang Minghui resigned on March 6, 2022. Meanwhile, 10 major supermarket chains have issued profit warnings or reported losses for 2022, indicating a tough year for the industry.
New DistributionFMCG Daily | Yanjing Beer Plans to Transfer Controlling Stakes in Two Shandong Subsidiaries; Ajisen Ramen Expects Loss Last Year...
Yanjing Beer plans to transfer controlling stakes in two Shandong subsidiaries. Ajisen (China) Holdings expects a loss for the year ended December 31, 2022. China Resources C'estbon's business growth outpaced the industry in 2022. Other news includes San Yuan Bio exiting the erythritol price war, Keming Noodle's price hikes having little impact on sales, Yili's space probiotics products launching soon, e-commerce logistics recovering in February, and two startups completing funding rounds.
New DistributionFMCG Daily News | JD.com's 10 Billion Subsidy Goes Live; Bestore Plans to Open 1,000 New Stores...
1. JD.com's 10 billion subsidy officially launched on March 6, 20 hours earlier than planned. 2. Bestore plans to open 1,000 new stores in 2023, focusing on Central, South, East, and Southwest China.
New DistributionFMCG Daily | Nongfu Spring Reelects Board; China Tea Plans Shanghai Main Board IPO; Dongpeng Beverage to Focus on Dongpeng Daka...
Nongfu Spring announced its new board and supervisory committee candidates, with Zhong Shanshan continuing as chairman and general manager. China Tea Co., Ltd. updated its prospectus to pursue a Shanghai main board IPO, planning to raise about 1.14 billion yuan. Dongpeng Beverage stated it will focus on promoting its Dongpeng Daka coffee drink this year.
New DistributionFMCG Daily: Fenjiu, Xijiu, Langjiu Exceed 20 Billion Yuan Revenue; Jinmailang Joins 3-Yuan Water Battle...
Fenjiu, Xijiu, and Langjiu have all crossed the 20 billion yuan revenue threshold for the first time, with Fenjiu expecting 26 billion yuan for 2022. Jinmailang has entered the high-end bottled water market with a 3-yuan product, while other FMCG companies report strong results and expansions.
New DistributionFMCG Daily | Budweiser APAC's Beer Sales Slightly Up Last Year; Yili Spent Over RMB 600 Million on Share Buybacks; A-Kuan Food Pushes for IPO...
1. Budweiser APAC reported a slight increase in beer sales last year. 2. Yili has spent over RMB 600 million on share buybacks. 3. A-Kuan Food is advancing its IPO plans.
New DistributionFMCG News: Gome Stores Shrink; 2022 Food, Tobacco and Alcohol Consumer Prices Up 2.4% YoY; JD.com Restarts Front-Warehouse Business...
1. Gome stores shrink and will open franchise business. 2. In 2022, food, tobacco and alcohol consumer prices rose 2.4% year-on-year. 3. JD.com restarts its front-warehouse fresh food business. 4. Lianhua Supermarket expects net loss for 2022 to narrow by about 40% to 60% year-on-year. 5. Genki Forest goes 'ALL IN Sales' this year. 6. CPMC's revenue exceeds 10 billion yuan. 7. Costco's Shanghai Pudong store starts trial operation. 8. China Resources C'estbon's East China base officially put into production. 9. Coca-Cola launches Japan-exclusive bottle. 10. Dayao launches its first soda sub-brand.
New DistributionFMCG Daily | China Resources Beer CEO Sets 10 Billion Yuan Target for Baijiu Segment; Three Squirrels Responds to Former Largest Supplier Smuggling Case...
China Resources Beer CEO Hou Xiaohai announced a short-term target of 10 billion yuan for its baijiu segment. Three Squirrels responded to the smuggling case involving its former largest supplier, Jiangsu Hongbin Food Co., Ltd., stating that cooperation has ceased.
New DistributionWhen Systems Cannot Keep Up with Change, FMCG Needs a “Living” Digital System
FMCG digital systems must balance standardized management with the flexibility of front-line sales. Modular components, visual workflow design, and low-code extension can help the system evolve with the business.
New DistributionHow Can Distributors Profit from the Lower-Tier Market of 1 Billion Consumers?
Many well-known brands are expanding into lower-tier markets to achieve new growth, while distributors face channel expansion demands. On February 20, several guests shared insights on how distributors should respond, focusing on cost challenges and role division between brands and distributors.
New DistributionFMCG Daily | China Resources Beer launches 'Beer + Baijiu' model; Taishan Beer considers Hong Kong IPO; Alibaba's revenue up 2% last quarter...
China Resources Beer has initiated a 'Beer + Baijiu' dual-empowerment strategy, while Taishan Beer is considering a Hong Kong IPO. Alibaba's quarterly revenue rose 2%, and Vipshop's GMV reached 175.2 billion yuan last year.
New DistributionFMCG Daily News: Strictest New National Standard for Infant Formula Implemented; January New Consumption Financing Reaches 1.5 Billion Yuan; Lai Yifen Executive Changes...
1. The strictest new national standard for infant formula was implemented on February 22. 2. New consumption financing in January totaled 1.5 billion yuan.
New DistributionQuality Growth Requires New Marketing, New Supply Chains, and Digitalization
Sustainable FMCG growth in a mature market depends on digital connection efficiency, profitable omnichannel marketing, and supply chains that improve both cost and fulfillment performance.
New DistributionStock Price Up 5%: Dongpeng Beverage's 2022 Revenue Collections First Exceed 10 Billion Yuan, Performance Continues to Rise
Dongpeng Beverage (605499.SH) reported a 21.84% revenue increase to 8.501 billion yuan and a 20.87% net profit increase to 1.442 billion yuan in 2022, with cash collections from sales exceeding 10 billion yuan for the first time. The company is diversifying its product line and strengthening channel construction to mitigate risks from its reliance on a single product.
New DistributionInteractive Giveaway | Finding Clients, Closing Deals Hard? 90% of Salespeople Don't Know These 7 Tactics
He Xueyou, a sales legend at Alibaba, shares seven proven tactics for closing deals, from client development and appointment setting to effective visits, pricing strategies, and follow-up sales. Drawing on his experience as Alibaba's top global salesperson, he provides actionable advice to help salespeople achieve better results.
New DistributionFMCG Daily | China Resources Beer Executive Takes New Post; Carrefour Responds to COO Departure; Pangdonglai Recalls Products...
1. Fan Shikai, an executive at China Resources Beer, has been appointed general manager of Jinsha Wine. 2. Carrefour China denied reports of multiple vice presidents leaving, stating its management team is stable. 3. Pangdonglai recalled a product due to pricing issues and announced corrective measures. 4. Changshu Miss Fresh was again ordered to pay 12.33 million yuan. 5. Pinduoduo's Temu is testing its Canada site. 6. Yonghui Superstore's Huai'an Health Road store will close. 7. Hangzhou's online retail sales exceeded one trillion yuan for the first time. 8. Xiangnian Food updated its prospectus for a Shanghai IPO. 9. Moutai 1935 sales exceeded 5 billion yuan. 10. Nongfu Spring's Oriental Leaf launched a large bottle size.
New DistributionDouyin Supermarket Officially Launches: How Should FMCG Manufacturers and Distributors Cooperate and Position Themselves?
After the New Year, Douyin Supermarket officially launched, and FMCG manufacturers are concerned about the significance of joining and opportunities for co-creation. On February 6, in the 'FMCG Feng Talk' hosted by distributor growth mentor Li Feng, several guests shared insights on 'Douyin Supermarket Officially Launches: How Should FMCG Manufacturers and Distributors Cooperate and Position Themselves?' This article compiles some of the viewpoints; for full details, follow the [Li Feng New Distribution] video account for the replay.
New DistributionFMCG Daily News | Alibaba's E-commerce Arm Cuts Jobs; Better Life Director Resigns; Xiangpiaopiao Profit Declines; Shanghai Issues First Pre-Made Food License...
Alibaba's South Asian e-commerce platform Daraz announced an 11% workforce reduction. Better Life director Hao Rui resigned. Xiangpiaopiao's net profit fell 5.54% year-on-year. Shanghai issued its first pre-made food production license.
New DistributionFMCG Daily | China Resources Beer Establishes Two Business Divisions; Carrefour Responds to Concerns; Genki Forest's Hubei Plant Runs at Full Capacity to Produce Electrolyte Water...
China Resources Beer has established beer and baijiu divisions with new management roles. Carrefour responds to business concerns, Genki Forest's Hubei plant runs at full capacity for electrolyte water, and other FMCG news.
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