new products
1. Let Tea launch a new sugar-free "Alpine Flower Tea" series, with jasmine and bamboo fragrance interpreting the Chinese charm
2. Joyvio Fresh launched a new generation of coconut milk products, and systematically upgraded coconut milk with innovative ultra-micro processing technology
3. Jasmine Yogurt launched a new Halloween product, unlocking the wonderful combination of jackfruit + cheese + corn
4. Week Zero joins hands with Sam to put on a new pocket salad bar to supplement vegetable nutrition anytime, anywhere
5. Want Want Bond launched a new mint coffee, which brings double the refreshing effect of cool mint
Company News
6. Heytea announced the disclosure of product formula raw material information
7. The first boutique café in Sumida River opened in Hangzhou, testing the waters of the "day coffee and night wine" social space
8. Coca-Cola's revenue increased by 8% in the third quarter, driven by Minute Maid and Costa
9. Danone released its third quarterly report, and the beverage and milk powder business grew significantly in China
10. Tomson Beijian's profit increased by 28.28% in the first three quarters, and scientific nutrition drove steady progress
11. Guangzhou's national style tea brand "Tea Li Yishi" went to sea, and its first store landed in Barcelona, Spain
12. Three Squirrels made a profit of 16 million yuan in the third quarter, and the overall performance returned to growth
Investment and financing
13. Qinghe Shixiang received tens of millions of yuan in Pre-A round of financing, and Bicheng Digital participated in the investment
1. Let Tea launch a new sugar-free alpine flower tea series, with jasmine and bamboo fragrance interpreting the Chinese charm
Recently, Rangcha has launched a new series of alpine flower tea, further consolidating the brand awareness of "Rangcha = Alpine Tea" after Gaoshan tea. The series has two flavors, Jasmine Oolong and Bamboo Oolong, which are sweet and refreshing, fresh and natural.
According to the brand, the alpine flower tea series is based on oolong tea, selected from the alpine tea garden above 800 meters above sea level, with the representative elements of traditional Chinese culture - jasmine, bamboo, 100% original leaf tea extract, 0 sugar, 0 fat and 0 energy. The bottle shape is inspired by the Qing Dynasty Bafang tea canister, the bottle sticker is inspired by the Chinese screen, and the bottle design is printed with juanxiu calligraphy fonts and vivid realistic illustrations, which is full of artistic beauty. The unified retail price of the new product is 500ml* bottle/6 yuan.
Image source: Jean Tea
2. Joyvio Fresh launched a new generation of coconut milk products, and systematically upgraded coconut milk with innovative ultra-micro processing technology
Recently, Joyvio Group launched its sub-brand Joyvio Fresh, which focuses on coconut as the core plant-based protein product, and officially launched its first new product, "Ultra-micro Coconut Milk". The new product exclusively adopts innovative ultra-micro processing technology, and the particle size of coconut milk is smaller and the flavor is stronger, which achieves the double improvement of raw material utilization and product taste, and realizes the systematic upgrading of coconut milk category.
It is reported that with the deep industrial chain foundation of Joyvio, Joyvio Fresh started from the "reset process" and systematically remade coconut milk. Traditional thick coconut milk is made from coconut milk, which comes from pressed coconut meat. Joyvio Fresh Ultra Micro Coconut Milk has a smaller particle size and stronger flavor, which truly realizes the two-way rush of cost and quality: lower cost and better quality.
Image source: Joyvio Fresh
3. Jasmine Yogurt launched a new Halloween product, unlocking the wonderful combination of jackfruit + cheese + corn
On October 26th, Jasmine Yogurt launched a new Halloween product: jackfruit cheese corn yogurt shake. The new product uses the fragrant golden jackfruit, sweet with a hint of acidity, and the mellow cheese is perfectly integrated, elevating the delicacy to a new level, with a long and fruity aroma, which penetrates the heart and spleen; With sweet corn kernels, it brings a novel taste and visual experience, and the taste is light and sweet, smooth and sweet.
This new product breaks the traditional combination of Halloween + pumpkin, and the unique new combination blends perfectly with the mysterious atmosphere of Halloween. It not only shows a breakthrough innovation of classic flavors, but also creates multiple enjoyment of the taste through bold combinations, bringing a novel and delicious taste adventure that belongs to Halloween.
Image source: Jasmine yogurt
4. Week Zero joins hands with Sam to put on a new pocket salad bar to supplement vegetable nutrition anytime, anywhere
Recently, the domestic plant-based protein food pioneer brand Zhou Ling launched a new pocket salad bar. This pocket salad bar contains two flavors, grilled multi-vegetable flavor and seaweed cheese flavor, with the advantages of high protein and 0 trans fatty acids, the protein content of each 100g pocket salad bar is equivalent to the protein content of 4 cups of pure milk, and the calories of 1 pocket salad bar are about 0.4 bananas.
It is worth mentioning that the two flavors of salad sticks are specially added with vegetable content, of which the roasted multi-vegetable flavor is rich in 20% of the vegetable content, especially adding corn, carrots, oyster mushrooms, water chestnuts, and chives. The seaweed cheese flavor is specially added with DHA algae oil, as well as two kinds of vegetables, king oyster mushroom and corn, which can not only add fragrant and delicious flavors, but also supplement the healthy nutrition of vegetables, meet the needs of consumers for deliciousness, nutrition and light burden, and are suitable for the whole family and friends.
The price of the product is 59.9 yuan / bag, each bag has 24 pieces, and it has been sold in 45 Sam's stores across the country and on Sam's APP.
Image source: Week Zero
5. Want Want Bond launched a new mint coffee, which brings double the refreshing effect of cool mint
On October 25th, Want Want launched a new Bond Mint Coffee. Infused with authentic peppermint, it's infused with New Zealand milk and cocoa powder, and is formulated in a low-fat formula. When mint meets coffee, consumers can feel the double satisfaction of taste buds and ice.
The fusion of mint and coffee brings double enjoyment to consumers. Feel the coolness of fresh mint with every sip, as well as the rich aroma of coffee, which brings a double refreshing effect. The reference retail price is 109.82 yuan / 15 bottles * 250ml.
Photo credit: Mr. Want Want Bond
6. Heytea announced the disclosure of product formula raw material information
On October 26, Heytea announced that it would take the lead in disclosing the traceability information of formula raw materials, nutrients and true quality raw materials of all products on sale in the industry, respecting consumers' right to know and choice, and meeting users' needs for healthy tea drinks. At present, Heytea has disclosed the formula raw materials of more than 40 products, as well as the traceability information of more than 40 kinds of raw materials such as real original tea, real fruit, real milk, and real sucrose. In the future, all products on sale, formulas, raw materials, nutritional ingredients and other related information will be gradually launched, so that the products can be transparent and visible.
The reason why Heytea can take the lead in actively disclosing true quality product information in the new tea beverage industry is based on its strong supply chain system. In order to bring true quality products to consumers, Heytea continues to ensure quality from the source of the supply chain such as orchards, tea gardens, and pastures, and has established a strict supply chain quality management system. After more than 10 years of development, the origin of Heytea raw materials is distributed in more than 10 countries around the world, and is widely distributed in nearly 40 cities and counties in more than 20 provinces in China, which once again demonstrates the supply chain strength of Heytea's "true quality".
Image source: Heytea
7. The first boutique café in Sumida River opened in Hangzhou, testing the waters of the "day coffee and night wine" social space
Recently, coffee brand Sumida River opened its first offline boutique café, which is located in Hangzhou's Hubin business district, near Yintai in77 Zone B, and is currently experimenting with the business model of "day coffee and night wine".
It is understood that the overall area of the store is about 300 square meters, divided into two floors, the first floor is mainly based on classic coffee products, and the second floor provides special drinks of coffee + alcohol. From the perspective of store space, the store pays more attention to consumers' sense of experience and social functions, with double and above seats, and a small box for 7 people on the second floor; Office stores are generally take-out stores, with no seats, focusing on quick pickup and convenience.
Image source: 36 Krypton
8. Coca-Cola's revenue increased by 8% in the third quarter, driven by Minute Maid and Costa
On October 24, Coca-Cola's financial report for the third quarter of 2023 was released. Overall, Coca-Cola's revenue in the third quarter was US$11.953 billion, an increase of 8% year-on-year, exceeding market expectations of US$11.43 billion, and operating profit was US$3.270 billion, a year-on-year increase of 6%; net profit was US$3.083 billion, a year-on-year increase of 9%; Earnings per share were $0.74, up 7% year-over-year and above the consensus of $0.69. Global single-case sales increased by 2% year-on-year.
Among them, global sales of fruit juice drinks, dairy products and plant-based beverages increased by 2%, mainly driven by growth in Minute Maid Orange in China. Bottled water, sports drinks, coffee and tea sales grew by 1% globally. Coffee sales grew by 6% globally, mainly driven by strong growth in Costa coffee in the UK and China.
Image source: Coca-Cola China
9. Danone released its third quarterly report, and the beverage and milk powder business grew significantly in China
On October 26, Danone released its third quarter report for 2023. According to the financial report, the company's net sales in the third quarter reached 6.906 billion euros, an increase of 6.2% year-on-year, and all three categories achieved growth. Among them, Pulse Drinking Water was the highest-growing business in the quarter, recording net sales of 1.362 billion euros during the period, an increase of 7% year-on-year. Net sales of specialty specialty nutrition products for milk powder were 2.070 billion euros, up 5.7% year-on-year; Danone's largest business, Dairy and Plant-Based Products (EDP), had net sales of 3.474 billion euros, up 6.3 percent year-on-year.
By region, China's regional markets continued to be Danone's growth engine, with net sales up 8.4% year-on-year, driven by volume/mix. Among them, in the infant nutrition sector, Aptamil once again achieved solid performance in the quarter, and its market share continued to expand; As for Drinking Water, another major business, Pulse achieved "strong growth" during the peak season, proving the effectiveness of the business recovery. According to the materials of Danone's performance conference, the pulsating business has achieved a year-on-year increase of 13.9% as of the third quarter this year, and its market share has also increased this year, which has become one of the highlights of the company's performance this quarter.
Image credit: Danone
10. Tomson Beijian's profit increased by 28.28% in the first three quarters, and scientific nutrition drove steady progress
On October 24, Tomson By-Health released its performance report for the third quarter of 2023. According to the report, in the first three quarters of this year, Tomson Beijian achieved operating income of 7.782 billion yuan, an increase of 26.34% over the same period of last year, and net profit attributable to shareholders of listed companies was 1.901 billion yuan, an increase of 28.28% over the same period of last year. Among them, the main brand "Tomson Beijian" achieved revenue of 4.511 billion yuan in the first three quarters, a year-on-year increase of 30.38%.
According to the data of Zhongkang CMH+ retail pharmacy, immune-related categories such as protein powder, probiotics, and vitamin C maintained year-on-year growth from January to August, but gradually declined in the third quarter. In the first three quarters of the year, joint care and vitamin E decreased significantly year-on-year, and many categories such as probiotics, vitamin C, eye care, and calcium also experienced a year-on-year decline in August.
Image source: Tomson By-Health
11. Guangzhou's national style tea brand "Tea Li Yishi" went to sea, and its first store landed in Barcelona, Spain
Recently, Chali Yishi announced the launch of going overseas, and the first overseas store will open soon, and the store is located in Barcelona, Spain.
It is understood that Chali Yishi is positioned in the new Jiangnan fresh tea, founded in Guangzhou in 2015, and opened its first store in Jiangnanxi, Guangzhou, and has since expanded all the way in the local market, and is considered to be a "landmark" tea brand in Guangzhou.
For example, fresh milk tea is generally made with pure tea as the tea base, and is blended with fresh milk from the well-known local brand Wei Kee, which controls the sweetness at about 70% of that of traditional milk tea, and provides low-fat milk options. In terms of pricing, the unit price of the product does not exceed 25 yuan.
Image source: Cha Li Yishi
12. Three Squirrels made a profit of 16 million yuan in the third quarter, and the overall performance returned to growth
On October 24, three squirrels, a snack food company, released a third quarterly report showing that in the first three quarters, its revenue was 4.582 billion yuan, a year-on-year decrease of 14.07%; The net profit was about 170 million yuan, a year-on-year increase of 81.42%.
According to the financial report, in the third quarter, the revenue of three squirrels was 1.689 billion yuan, a year-on-year increase of 38.56%; The net profit was 16.0094 million yuan, a year-on-year increase of 40.86%. During the reporting period, the revenue of Xiaolu Lanlan increased by more than 70% year-on-year.
In the past two years, the three squirrels have made strategic adjustments, and they are in the "crisis" of declining revenue fluctuations, and in the third quarter of 2023, revenue and net profit have achieved year-on-year growth. Under the traction of the "high-end cost-effective" strategy, whether the three squirrels can drive the overall performance to return to growth through "stabilizing the line, refining distribution, and expanding stores" has become a concern for the market and investors.
Image Credit: Three Squirrels
13. Qinghe Shixiang received tens of millions of yuan in Pre-A round of financing, and Bicheng Digital participated in the investment
Recently, Qinghe Shixiang, a new media operation service and functional food research and development company, completed tens of millions of yuan in Pre-A round of financing. It is understood that the investor is Bicheng Digital. The financing will be used to strengthen product and brand building efforts and move towards higher development goals.
According to public information, Qinghe Shixiang is a new media operation service and functional food research and development provider, formerly known as a comprehensive service-oriented enterprise integrating content planning, celebrity creation, traffic realization, account service and training. Its functional food brand "Wooka Laboratory" is committed to providing consumers with productized solutions based on scientific research and evidence.