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Capital, Earnings & M&A

300 Million Yuan in Financing Ignites Community Group Buying: Who Will Decline and Who Will Surpass in 2019?

Despite the capital winter, community group buying is booming. It is rumored that famous investor Zhu Xiaohu was once turned away from 'Xingsheng Youxuan' because of his 'plain' appearance. This phenomenon of investors chasing entrepreneurs has not been seen for a long time. From former Tencent strategic investment directors to executives of old O2O companies like Aixianfeng; from traditional Walmart and New Yijia executives to former employees of Alibaba, Baidu, and JD.com, many big-name entrepreneurs are rushing into this track. Hot, hot, hot!

New Distribution
Capital, Earnings & M&A

Nielsen: China Consumer Confidence Index for Q4 2018 Released, Post-90s Generation Becomes Main Consumer Force | Data Reading

On January 23, Nielsen released its China Consumer Confidence Index report for the fourth quarter of 2018, showing the index at 113 points, up 1 point from 112 in the previous quarter, indicating steady growth. National Bureau of Statistics data shows Q4 GDP growth of 6.4% and 2018 GDP growth of 6.6%, achieving the expected target of around 6.5%, laying a solid foundation for the rise in consumer confidence.

New Distribution
Capital, Earnings & M&A

Breaking News | 2019 Richest Women List Released, Who Tops It! Anjing Hit by African Swine Fever; Ambrosial Launches New Product; Bright Dairy Introduces Mosilian Yogurt Ice Cream; Danone Yili Large Barrel Water...

Forbes China released its 2019 list of richest women, with Yang Huiyan retaining the top spot. Anjing Food faced a market value loss of nearly 600 million yuan due to African swine fever concerns. Other highlights include Ambrosial's new product launch, Bright Dairy's Mosilian yogurt ice cream, and Danone's clarification on its Yili bottled water business.

New Distribution
Capital, Earnings & M&A

Dairy Industry: Some Go Public, Some Delist...

For the dairy industry, the capital market is like a walled city: some are eager to get in, while others, feeling overwhelmed, have already exited. This article from Shiwu Media, a professional dairy media outlet, explores the behind-the-scenes stories of dairy companies going public and delisting.

张志伟
Capital, Earnings & M&A

News Flash | Monster Energy Launches New Product Line After Setback in China; Guyue Longshan's Guoniang 1959 Hits Market, Huangjiu Market Sees Thousand-Yuan Products; Fruit Shelf-Life Extending...

Monster Energy launches a new fitness-oriented product line called Reign, while Guyue Longshan introduces a high-end Huangjiu priced above 1,000 yuan. A Malaysian startup develops stickers that extend fruit shelf life by 14 days.

New Distribution
Capital, Earnings & M&A

10-Year IPO Tutoring Ends Abruptly: When Will Nongfu Spring's Listing Mystery Be Solved?

After a decade-long IPO tutoring relationship with CITIC Securities, Nongfu Spring terminated the agreement in December 2018, stating it has no listing plans and does not need capital market support. The company's financials remain opaque, and speculation about its potential IPO continues.

金晓岩
Capital, Earnings & M&A

Uncovering Infinitus: Lee Kum Kee, a Century-Old Sauce Maker, Transforms into a Health Products Leader with Annual Revenue of 24.9 Billion

Infinitus, the top direct-selling health products company in China for three consecutive years, faces scrutiny after a child allegedly suffered heart damage from consuming its products. The company, founded by the Lee family behind Lee Kum Kee, has grown into a dominant player in the industry, but recent incidents have raised questions about its practices.

财天作者
Capital, Earnings & M&A

Exclusive | Latest Inventory of National Community Group Buying Platforms in 2019!

Despite the capital winter, community group buying remains red-hot, attracting more entrepreneurs and investors. According to incomplete statistics from New Distribution, 27 companies in this field have received funding totaling nearly 3 billion yuan, with players from offline retail, fresh supply chain, and local services entering the fray.

新经销刘少德
Capital, Earnings & M&A

Master Kong's Family Affairs

On the evening of December 20, Master Kong Holdings announced that from January 1, 2019, founder Wei Ying-chou would resign as executive director and chairman, with his eldest son Wei Hong-ming taking over as chairman. Wei Hong-ming waited 40 years to achieve what his father did at 24.

何也
Capital, Earnings & M&A

News Flash | Nongfu Spring Responds to Termination of IPO Guidance; Moutai Releases Zodiac Pig Year Edition; Wyeth to Build Nearly 1,000 Smart Nursing Rooms This Year; ORG Technology and JDB Rekindle Cooperation...

Nongfu Spring denies IPO plans after terminating a decade-long listing guidance; Moutai launches its Pig Year zodiac liquor with at least 30% of supply before the Spring Festival; Wyeth partners with Tmall to build nearly 1,000 smart nursing rooms; ORG Technology and JDB resume cooperation, with ORG supplying 20% of JDB's can needs in 2019.

New Distribution
Capital, Earnings & M&A

Economic Downturn and Sluggish Performance: How Can the FMCG Industry Break Through in 2019?

2018 was a highly unusual year in China's economic development history, with the US-China trade war, economic downturn, capped online traffic growth, and an aging population intensifying uncertainty in the external market environment. At the same time, changes in the broader environment have significantly reduced liquidity in China's capital markets, leading to financing difficulties, capital chain ruptures, and widespread closures and defaults among internet companies. Returning to the industry, after rapid growth from 2013 to 2017, FMCG B2B officially entered a deep-water zone in 2018, with some poorly managed platforms closing down continuously last year. According to incomplete statistics from New Distribution, more than 20 FMCG B2B platforms were shut down in 2018 alone.

New Distribution
Capital, Earnings & M&A

To Achieve the 100-Billion Goal, Yili and Mengniu Are Going All Out

As 2018 gave way to 2019, both Yili and Mengniu, China's two dairy giants, posted impressive results and made frequent moves. Both have set a '100-billion plan,' but they are taking different paths, with differences in industrial structure and overall corporate strategy becoming increasingly apparent.

林珮芸
Capital, Earnings & M&A

The Money Burner: Luckin Coffee?

At a January 2019 strategy meeting, Luckin Coffee's CEO responded to speculation that the company might become the next ofo, emphasizing investor support and aggressive expansion plans. Despite a net loss of 857 million yuan in 2018, the company aims to surpass Starbucks in store count and cup sales by the end of 2019, while continuing subsidies for three to five years.

灵小七
Capital, Earnings & M&A

Latest | Moutai Shares 2018 Revenue 75 Billion, Net Profit 34 Billion! Behind the Achievements...

On the evening of January 1, 2019, Kweichow Moutai announced its production and operation status, achieving over 20% year-on-year growth in both revenue and net profit for 2018. The announcement stated that 2018 revenue was approximately 75 billion yuan, up 23% year-on-year, and net profit was approximately 34 billion yuan, up 25%. Moutai's target for 2019 is 14% year-on-year growth, roughly calculating revenue at 85.5 billion yuan. Additionally, Moutai disclosed its 2018 production figures in the announcement.

New Distribution
Brand Marketing

P&G's Performance Continues to Face Pressure: Expanding Brands Again, but Multi-Brand Strategy Encounters Awkwardness

P&G, which has cut nearly 80% of its brands, is once again in acquisition mode amid ongoing performance pressure. The company recently announced the acquisition of health and beauty company Walker & Company, aiming to expand its diversified business. Despite previously slashing its brand count from over 300 to 65 to boost performance, the results have been lackluster.

刘洋 白杨
Capital, Earnings & M&A

Over 2 Billion Capital Inflows in 50 Days: What's the Real Value of Community Group Buying?

This is the third in a series of analytical articles on community group buying written at the end of the cold 2018, highlighting the model's popularity despite the capital winter. Based on in-depth interviews with investors and entrepreneurs, the article examines the business model, value chain, and potential opportunities and pitfalls, offering insights for brand owners from the perspectives of new retail, new marketing, and new distribution.

王军
Capital, Earnings & M&A

The "Mengniu Faction" Unites Under One Banner

Regarding Mengniu's takeover of Shengmu, I disagree with the notion of 'rescue' or 'salvation.' The capital market is always about interests, not chivalry. However, this move confirms an unwritten rule: the old Mengniu people who followed Niu Gensheng often return to Mengniu after their second ventures. This trend gives hope to Mengniu-affiliated companies like Saikexing, Zhongding, and Tianmu, but they need strategic adjustments to attract Mengniu and secure a good price.

乳业专业优质媒体
Capital, Earnings & M&A

The Song Ends, the Figure Vanishes: The Untold Story of China's Retail History

This article traces the evolution of China's retail industry from the early reform era to the present, highlighting key figures and companies such as Ye Guofu, Huang Mingduan, Zhang Wenzhong, and the rise of e-commerce giants. It explores the transition from traditional brick-and-mortar stores to new retail models, culminating in the dominance of internet platforms and the challenges faced by legacy retailers.

猛哥
Capital, Earnings & M&A

Breaking News | Major! Uni-President Acquires Korea's Woongjin Foods for $1.5 Billion; Kedi Dairy Announces 3-5 Year Goals; Luckin Coffee Opens Its 2000th Store; Peppa Pig Faces Serious Infringement...

Uni-President announced a $229 million acquisition of a 74.8% stake in Korea's Woongjin Foods, marking its largest M&A deal in recent years. Kedi Dairy outlined its 3-5 year development goals, while Luckin Coffee opened its 2000th store. Peppa Pig's rights holder has filed nearly 50 infringement cases in China.

New Distribution
Capital, Earnings & M&A

Heavyweight: Inventory of China's Community Group Buying Platforms in 2018!

2018 was undoubtedly a special year in China's economic development history. Drastic changes in the internal and external environment made capital more cautious towards various business models, and with stricter regulation, the industry entered a reshuffling period faster. As new business forms like unattended shelves, sharing economy, P2P, and blockchain successively cooled down, the window for entrepreneurs to find new trends shortened. However, one business form attracted a large number of investment institutions due to its low entry barrier and short profit cycle, including top-tier capital like IDG, GSR Ventures, and Today Capital. This article by New Distribution reviews 100 community group buying platforms in China, analyzing their distribution and financing to provide insights.

新经销刘少德
Capital, Earnings & M&A

Shengmu's Piecemeal Sale: The Intellectual Contest Among Pan Gang, Lu Minfang, and Yao Tongshan

The contest among three top Chinese dairy executives has concluded. Pan Gang, Lu Minfang, and Yao Tongshan each demonstrated their distinct styles in the sale of Shengmu. Yesterday, Shengmu announced that Mengniu invested 303 million yuan for a 51% stake in a joint venture, with Shengmu holding the remaining 49%. Notably, Mengniu only acquired Shengmu's downstream production, processing, and sales operations, not its 116,900 dairy cows as of June 30, 2018.

乳业专业优质媒体
Capital, Earnings & M&A

Behind the Allegations of Financial Fraud at Hengan Group: Abnormal Sanitary Napkin Profitability, Difficult Tissue Paper Earnings, and Declining Diaper Performance

The short-selling incident targeting Hengan International continues to escalate. As the leading sanitary napkin manufacturer in China, Hengan International's brands Space 7 and Anerle both rank among the top ten sanitary napkin brands. However, in recent years, the company's sanitary napkin business has seen slowing growth and eroding market share. Additionally, the profitability of the sanitary napkin business is questionable: its terminal selling price per unit is lower than peers, yet its gross margin is nearly 30 percentage points higher, and its net margin is about four times that of peers. Meanwhile, Hengan International's tissue paper business (Xinxiangyin, Pinno) has seen declining profitability, with gross and net margins far below those of C&S Paper and Vinda International; the diaper business has also been declining, falling out of the top three in market share.

陈碧婷
Capital, Earnings & M&A

Is New Retail Failing? | In-depth

Yonghui Superstores is divesting its loss-making new retail segment, while Hema Fresh is slowing its expansion, and traditional supermarkets are showing signs of recovery. Is returning to offline operations the way forward? How will new retail develop?

无冕财经团队
Capital, Earnings & M&A

Nestlé's M&A Revelations

Drawing from Nestlé's history, this article delves into how the multinational group achieved rapid growth and scale changes through mergers and acquisitions. Nestlé's M&A principles offer valuable lessons for other entrepreneurs.

李进