news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

21st Century Business Herald reporter He Hongyuan and intern Han Chang report

The branded tea market continues to grow.

Recently, Wang Wenli, chairman of Bama Tea, disclosed that in the first half of 2024, Bama Tea's tax payment in Wuyishan increased by 100% year-on-year, surpassing the total tax paid by Bama in the local area in 2023, setting a new record. According to tax payment certification documents, from 2020 to 2023, Bama Tea has won the first place in tax payment for Wuyi Rock Tea and Anxi Tieguanyin tea companies in the origin for four consecutive years.

A 100% year-on-year increase in tax revenue means that Bama Tea's sales are booming.

In addition, executives of Xiaoguan Tea also revealed that the brand's tea sales maintained a high growth rate.

At present, it is not easy to achieve this result. For example, a middle manager of a well-known tea brand said that the price war of Pu'er tea is very fierce.

There are various factors that contribute to the growth of the Eight Horses.

On the one hand, the tea market calls for standardization. At present, the product characteristics of tea are still basically agricultural products. Tea from different locations, different times, and different batches cannot stably output product characteristics and quality. Therefore, tea cannot form products with stable quality and characteristics between different batches, and thus cannot accumulate into a brand. There is also a lack of unified industry standards. The eight horses are using standardization to solve this problem, and then scale up and brand.

On the other hand, branded tea is expanding its product line. For example, Xiaoguan Tea has launched Xiaoguan Tea Garden, which has a lower unit price. The growth rate of this category is not low. "We have standardized products and brand premium, which objectively gives us an advantage," said several executives of leading tea brands.

The expanded categories are not limited to cost-effective products. Xiaoguan Tea has launched a high-end sub-brand Nianji, and its high-end categories include Pearl Buck and Niuyi, and it is also adding Pu'er tea brand Xinji.

Overall, the branded tea market seems to have room for growth. After all, the tax amount doesn’t lie.

On July 22, the Shanghai Composite Consumer 80 Index closed at 4357.51 points, down 0.50%.

Promote consumption

Zhengzhou will issue 15,000 household appliance consumption coupons

On July 22, according to the Zhengzhou Municipal Bureau of Commerce, the 2024 Zhengzhou real estate market "sell old and buy new, trade in old for new" and commodity housing group purchase home appliance consumer voucher issuance activities were officially launched on July 20. Successful purchases within the specified time can obtain 5,000 yuan home appliance consumer vouchers. The first consumer voucher issuance time is August 10, 2024, and then it will be issued to consumers on the 10th of each month. The consumer vouchers issued include 10,000 "sell old and buy new, trade in old for new" home appliance consumer vouchers and 5,000 commodity housing group purchase home appliance consumer vouchers. Each consumer voucher contains 1 2,000 yuan consumer voucher, 2 1,000 yuan consumer vouchers, and 2 500 yuan consumer vouchers. The number of consumer vouchers is limited, first come first served, while they are all taken.

agriculture

Agriculture: Average pork price rises in national agricultural product wholesale markets

On July 22, according to the monitoring of the Ministry of Agriculture and Rural Affairs, as of 14:00 on the same day, the average price of pork in the national agricultural product wholesale market was 25.10 yuan/kg, up 0.9% from last Friday.

personnel

Walmart appoints new vice president of beauty

On July 19, Walmart announced the appointment of Vinima Shekhar as the new vice president of beauty, replacing Creighton Kiper, who has been promoted to senior vice president of home for the group. Vinima Shekhar joined Walmart in 2018 and previously served as vice president of the health division. She has extensive sales experience in the e-commerce field. It is reported that Walmart announced its entry into the beauty market in 2017 and launched the first batch of beauty acceleration programs in 2022, cooperating with the British beauty and skincare website Space NK to develop the high-end beauty track.

food and drink

Unilever reportedly considering selling ice cream business

On July 20, according to media reports, Unilever has begun preliminary discussions with private equity firms such as Advent International, Blackstone, and CVC Capital on the possibility of selling its ice cream business, which could be valued at up to 15 billion pounds. The formal sale process is expected to start in the second half of this year.

Beingmate plans to establish a new retail joint venture with Tonglu Development

On July 19, according to an announcement by Beingmate, the company plans to jointly invest with Tonglu Science and Technology Innovation Industry Development Investment Co., Ltd. to establish Beingmate (Hangzhou) New Retail Co., Ltd. (tentative name) to improve the new retail system and develop online and cross-border businesses. The registered capital of the new retail joint venture to be established by the two parties is 100 million yuan. Beingmate and Tonglu Development will respectively invest 80 million yuan and 20 million yuan of their own funds, accounting for 80% and 20% of the registered capital respectively. The business scope includes the sales of food, special medical food, infant formula milk powder, health food and other products.

FOOD

China's first LV chocolate store opens in Shanghai

On July 22, the LV chocolate store in Taikoo Li Qiantan, Shanghai, officially opened to the public. It is reported that this store is the third in the world and the first in China. The first two LV chocolate stores are located in Paris and Singapore. The full name of the store is Le Chocolat Maxime Frederic at Louis Vuitton. The chocolate is made by Maxime Frédéric, the pastry chef of the luxury hotel Cheval Blanc under the LVMH Group. The store sells a variety of chocolate products inspired by LV design elements, including Damier chessboard chocolate, old flower pattern chocolate and hard box-shaped chocolate, etc., and uses LV classic packaging boxes.

Jiu Mao Jiu Group issues profit warning

On July 22, Jiu Mao Jiu Group announced that it expects revenue of 3.064 billion yuan in the first half of the year, a year-on-year increase of 6.4%; net profit is no less than 67 million yuan, a year-on-year decrease of no more than 69.8%. The main reasons for the decline in net profit are the high base of the same period last year and government subsidies. At the same time, changes in consumer habits have led to a decline in per capita consumption and turnover rate in restaurants, and a decrease in single-store revenue. Among them, the company added 35 stores in the second quarter. As of June 30, there were 771 stores, including 614 Tai Er stores and 73 Shuang Hotpot stores. During the period, per capita consumption of Tai Er and Shuang Hotpot declined, mainly due to adjustments to the menu structure and dish prices and increased promotional activities.

Starbucks China collaborates with badminton brand Yonex

On July 22, Starbucks China announced its first cross-border cooperation with a sports brand, joining hands with badminton brand YONEX to launch the world's first limited edition co-branded racket between Starbucks and YONEX, as well as a series of trendy activities. There are also two coffee drinks: sparkling wine flavored cold brew and butter beer flavored Mianyun Latte.

Helens successfully listed on the Singapore Exchange for the second time

On July 19, Helens announced that the company's common shares (shares) were successfully listed on the Singapore Exchange today by way of introduction (secondary listing). The shares will be traded on the SGX Main Board under the stock code "HLS" in lots of 100 shares per lot. The company's shares are still mainly listed and traded on the Main Board of the Stock Exchange of Hong Kong.

Supermarket

Zhongbai Warehouse's first remodeled store officially resumes operations

On July 20, Zhongbai Warehouse Supermarket announced that after 15 days of closure for adjustments since the launch of Pang Donglai, Zhongbai Warehouse’s first adjusted store, the Wuhan Guanshan Optics Valley Shopping Plaza store, has officially resumed business.

Textiles and Apparel

GAB Group acquires nine Scotch & Soda stores in Belgium

On July 19, Bluestar Alliance, the owner of Scotch & Soda, announced that Alain Broekaert Group (GAB) has taken over nine Scotch & Soda stores in Belgium, including stores in Antwerp, Ghent and Bruges. It is reported that in addition to Scotch & Soda, GAB Group is also the official distributor and retailer of Tommy Hilfiger and Calvin Klein in the Belgian market. The group also distributes brands such as Pepe Jeans, Love Stories, Karl Lagerfeld and Clarks.

Travel

China Eastern Airlines will launch direct flights from Xi'an to Milan on September 26

On July 22, according to the announcement of China Eastern Airlines, starting from September 26, China Eastern Airlines will open a new direct flight from Xi'an to Milan, Italy, with flight number MU5013/4, using Airbus A330 aircraft for operation, with three round trips per week: every Tuesday, Thursday and Sunday, it will take off from Xi'an Xianyang International Airport at 14:40 Beijing time and arrive at Milan Malpensa Airport at 19:30 local time, with a flight time of 10 hours and 50 minutes; the return trip will depart from Milan at 21:30 local time and arrive in Xi'an at 14:00 the next day Beijing time. At present, this route has entered the computer sales system, and passengers can inquire or purchase tickets on multiple platforms such as China Eastern Airlines' official website and mobile app.

Hainan Airlines receives its first Airbus A320neo aircraft

On July 22, Hainan Airlines announced that it received its first A320neo aircraft, which was leased from China Merchants Bank Financial Leasing Co., Ltd. The A320neo aircraft is equipped with CFM International Leap-1A engines. In the two-class cabin layout, Hainan Airlines has set up 4 business class seats and 168 economy class seats for the aircraft.

Shenzhen Shatoujiao Port has a passenger clearance capacity of 40,000 people per day

On July 22, Xinhua News Agency reported that the reconstruction plan of Shenzhen Shatoujiao Port has been approved by the State Council. After the reconstruction, the cargo inspection function of Shatoujiao Port will be cancelled and only the passenger inspection function will be retained. The designed passenger clearance capacity will also be greatly increased to 40,000 people per day. At present, Shatoujiao Port covers an area of ​​about 4.2 hectares and was built in 1985. The designed passenger clearance capacity is 1,500 people per day and the vehicle clearance capacity is 1,500 vehicles per day. It is an important comprehensive passenger and freight port in the eastern part of Shenzhen.

133 scenic spots and cultural venues in Shenzhen have completely cancelled reservations

On July 22, the last two cultural venues in Shenzhen, the Shenzhen Museum Jintian Road Branch (historical folklore) and the former site of the Dongjiang Guerrilla Command, will cancel the requirement for reservations for entry. Thus, all tourist attractions and cultural venues in Shenzhen have completely bid farewell to the "reservation entry" management model to facilitate citizens and tourists to visit and tour.

Fosun Tourism: Profit attributable to shareholders of the company is expected to be no less than RMB 300 million in the first half of the year

On July 22, Fosun Tourism announced that during the six months ending June 30, 2024, the Group's tourism operations are expected to increase by no less than 8% compared with the six months ending June 30, 2023. It is expected that the Group's profit attributable to shareholders of the Company in the first half of 2024, excluding the one-time disposal of the resort, will increase by no less than 10% compared with the same period in 2023; it is expected that the Group's profit attributable to shareholders of the Company in the first half of 2024 will be no less than RMB 300 million (there was a one-time gain from the sale of Kemer Resort and the sale and leaseback of Les Bouncaniers Resort in the same period of 2023).

Luxury

Prada announces Ma Yili as brand ambassador

On July 19, Prada announced that actress Ma Yili officially became its spokesperson, and simultaneously released the 2024 Fall/Winter series advertising blockbuster "Now That We're Here" starring her.

Gucci to hold "Gucci Culture Month" event in Seoul

On July 19, Gucci announced that it would hold the "Gucci Culture Month" event in Seoul to strengthen its ties with South Korea.