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JD.com's Latest 'Community Group Buying' Move: Upgrades Jingxi to Business Group, Merges Group Buying; Acquires Meicai's Meijia Maicai
On December 7, industry sources said JD.com's new channel business unit, community group buying business unit, and 1号店 business, as well as the original JD Mall marketing department, were all integrated into the new Jingxi business group. Recently, a Times Weekly reporter exclusively learned that JD.com has initiated the acquisition of Meijia Maicai, a sub-brand of the fresh e-commerce platform Meicai. A source close to Meijia Maicai's senior management confirmed the news, but the acquisition amount is unknown, with industry insiders predicting it will not exceed $200 million. According to public data, Meijia Maicai is a community group buying platform.
周伊After the Two Giants' Fight, Has Herbal Tea 'Gone Cold'? JDB, Badly Hurt, Revives Listing Plans
Compared with the earlier fierce competition between the two herbal tea giants, the market has been quiet for nearly two years as JDB and Wanglaoji have kept a low profile. However, JDB's drive to go public remains undiminished.
New DistributionHershey's "Redemption"
Hershey's large-scale layoffs and streamlining of its distributor network in China have caused a stir in the industry. Recently, Hershey China revealed in a phone response that it will undergo major adjustments in the China region, including handing over sales channels and services to local distributors, with management and executive staff facing large-scale layoffs. On December 1, Hu Tingzhou, General Manager of Hershey Greater China, announced his resignation, with the president's duties temporarily assumed by a director. The full handover of sales channels and large-scale layoffs indicate Hershey's comprehensive contraction in China.
孙吉正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This Hunan Brother Duo, Relying on Small Spicy Strips, Aims for IPO: Annual Sales of 4.9 Billion
Another 'national snack' is about to knock on the door of IPO. According to the latest report from Reuters IFR, Weilong Food is working with CICC, Morgan Stanley, and UBS to plan a Hong Kong IPO in 2021, aiming to raise $1 billion. However, Weilong has not commented on this. Weilong is famous nationwide for its spicy strips. In 1999, 21-year-old Liu Weiping from Pingjiang, Hunan, ventured to Luohe, Henan. With only a high school diploma, he led his younger brother Liu Fuping and fellow townspeople from a small workshop making gluten snacks, eventually building a vast spicy strip empire—in 2019, Weilong achieved revenue of 4.909 billion yuan.
张继文 周佳丽Nongfu Spring: Sweet, Salty, Offensive, and Defensive
Nongfu Spring, a beverage company with profitability and return on investment surpassing peers like Master Kong and Uni-President, and outperforming Yili and Mengniu, is arguably China's most promising candidate to become a soft drink giant akin to Coca-Cola. Since its listing, its stock price has soared without correction, pushing its market value toward 500 billion yuan, with its founder becoming the new richest person in China.
LaughingDuBestore's Revenue Growth Without Profit Growth: Can It Find a New Track Faster Than Three Squirrels?
Bestore, which went public during the pandemic, has surpassed Three Squirrels in market value, but both face the challenge of increasing revenue without increasing profit. Bestore is entering new segments like children's snacks and meal replacements, but faces intense competition and high marketing costs.
财经新媒体Horse Race: Leading Feihe and Following Junlebao
China's infant formula market is replaying the comeback story seen in TVs and small appliances. Nielsen data shows Feihe has become the top-selling brand, surpassing foreign brands, while domestic brands' market share has risen from 25% in 2008 to 49% in 2018. Feihe leads with a high-end strategy, while Junlebao follows with a quality-low-price approach, creating a tight race.
张见Pinduoduo Finally Profitable: How Far Is It from Surpassing Taobao?
Pinduoduo reported its first profitable quarter in Q3 2020, with a net profit of 466.4 million yuan under non-GAAP, driven mainly by online marketing services. Despite trailing Alibaba in GMV and revenue, its rapid user growth suggests it may soon overtake Taobao in annual active buyers.
我是风清Leisure Snack Showdown: Lai Yifen Falls Behind
As the third-quarter reports conclude, three of the four major snack giants have seen profit declines. Lai Yifen even suffered a loss of 37 million yuan, making it the biggest decliner. In contrast,线下-focused Qiaqia Food and Yanjin Shop both saw revenue and profit growth.
钱瑜 王晓A Bottle of Yanjing Beer, Full of Bitter Tears
Since 1989, Yanjing Beer has experienced a rise to prominence and subsequent decline, marked by missed opportunities in market expansion and premiumization, as well as persistent management issues. By 2019, its revenue and net profit had fallen to 83% and 32% of their peak levels, respectively.
读懂君From Ten Yuan a Bottle to a Market Cap of 500 Billion: Who Can Beat Haitian in the Soy Sauce Game?
Haitian is on par with excellence but still far from greatness. On October 30, after releasing its third-quarter report, Haitian Weiye, the 'soy sauce giant,' topped the trending list. The report showed revenue of 17.086 billion yuan in the first three quarters, up 15.26% year-on-year, and net profit of 4.571 billion yuan, up 19.2%.
辛夷Why Is Suning, Which Has Been Losing Money for Years, Able to Afford Its Frequent Billions in Subsidies?
Luo Yonghao, as Suning's 'Billions in Subsidies Release Officer,' said at Suning.com's Double 11 launch event that Suning finally remembered those who are not used to online shopping. Suning.com's main business has been loss-making for six consecutive years, with profits coming from asset sales, yet it continues to subsidize heavily.
李亦儒Hunan's Hidden Tycoon: Running 20,000 Small Stores, Serving the Poor, Earning Billions Annually
Yue Lihua, a Hunan businessman, built a chain of convenience stores targeting low-income areas, which evolved into Xingsheng Youxuan, a community group-buying platform that reached a valuation of $4 billion. Despite being backed by Tencent, he became a student at Alibaba's Hupan University, highlighting the intense competition in China's community e-commerce sector.
是三公子TaoLi Bread's Nationwide Expansion War
TaoLi Bread, a leading Chinese short-shelf-life bread maker, faces challenges in its nationwide expansion despite industry growth. The company's revenue growth has slowed for four consecutive years, and its southern subsidiaries are mostly loss-making due to intense competition and regional differences.
读懂君Wang Xing, Cheng Wei, and Huang Zheng: All Heading to the Same Battlefield
At Didi's internal all-hands meeting on the morning of November 3, CEO Cheng Wei publicly discussed Orange Heart优选 for the first time, stating that Didi's investment in it has no upper limit and aims to secure the top market position. Launched in April in Chengdu, Sichuan, Orange Heart优选 has surpassed 2.8 million daily orders. The community group buying sector, once overlooked, is now attracting major players and capital, with the potential to evolve into a low-price retail chain akin to Dollar General in lower-tier Chinese cities.
彭程Where Did the 20 Billion Yuan Pre-mixed Wine Market Go?
The pre-mixed cocktail market in China, once predicted to reach 20 billion yuan by 2020, has fallen far short, with RIO's sales at only 1.279 billion yuan in 2019. The market's failure is attributed to differences in tax policies and consumer habits compared to Japan, where pre-mixed drinks thrived by substituting beer.
董武英Mengniu and Coca-Cola Establish Keniule Dairy Company to Accelerate Competition in Low-Temperature Milk Market
Mengniu and Coca-Cola have jointly established Keniule Dairy Co., Ltd., aiming to leverage their respective strengths to introduce a new low-temperature milk brand in China and boost dairy consumption upgrading. The partnership is expected to be mutually beneficial and play a key role in both companies' product portfolio adjustments.
钱瑜 白杨Bestore and Three Squirrels Report Revenue Growth Without Profit Growth in Q3, Offline Battlefield to Be Key
Bestore and Three Squirrels have both reported revenue growth without corresponding profit growth in their third-quarter reports, but for different reasons. Bestore's performance was mainly affected by the pandemic due to its Wuhan headquarters, while Three Squirrels faces structural weaknesses from over-reliance on online sales.
陈夏怡After 'Swallowing' Sun Art Retail, Where Is Alibaba's Next Target?
The battle in the same-city retail sector is intensifying. On October 19, Alibaba announced plans to invest HK$28 billion to directly and indirectly hold 72% of Sun Art Retail, accelerating the digitalization of China's largest hypermarket operator. This move reflects Alibaba's ambition and anxiety in the same-city retail space, as it seeks to strengthen its ecosystem and compete with rivals like Meituan and Pinduoduo.
港股研究社Three Squirrels' Dead End
Amid the rise of new consumption, the snack food market has boomed, becoming one of the hottest sectors, with players enjoying the shortest growth path thanks to market dividends. However, as the race enters its mid-stage, players overly reliant on market dividends are experiencing accelerating pains, especially those engaging in blind expansion fueled by hot money, which is dragging them into a dilemma. This is mainly reflected in dependence on traffic dividends, frenzied SKU expansion and cross-sector moves, and a broad-brush approach to channels without a healthy profit model.
让发生的发声China's New Milk War
As a key gift during festivals, milk consumption in China peaks during Spring Festival and Mid-Autumn Festival. Despite lower per capita consumption compared to developed countries, the market is growing, with a shift towards low-temperature pasteurized milk driven by consumption upgrades and improved cold-chain logistics.
节点财经Why Golden Arowana, an Oil Seller, Earns Less Than Haitian, a Soy Sauce Maker
Golden Arowana, a well-known edible oil company, has a huge market presence but low profitability, with a net margin of less than 3.2% in 2019. This is due to high raw material costs and limited pricing power, stemming from government price controls and product homogeneity, unlike high-margin businesses like Moutai and Haitian.
巴九灵Major Move | Alibaba Acquires Controlling Stake in RT-Mart Parent for HK$28 Billion
On the morning of October 19, Alibaba Group announced it would invest approximately HK$28 billion (US$3.6 billion) to increase its stake in Sun Art Retail Group, a leading Chinese hypermarket operator, to 72% and become its controlling shareholder. The move is part of Alibaba's new retail strategy, accelerated by the COVID-19 pandemic.
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