This article is by: China Daily
Read more about it here: 1st Purchase Intention Reached on CIIE Opening Day
An excerpt from China Daily:
"ZKH, the Chinese producer-goods supermarket, reached $100 million purchase intention with DOW and Schneider Electric at the second China International Import Expo in Shanghai on Tuesday, according to thepaper.cn.
ZKH is the new ""Six days + 365 Days"" trade and service platform by the Shanghai Municipality this year and an important carrier of the CIIE's overflow effects. DOW and Schneider Electric are long-term strategic partners with ZKH, so they have a larger exhibition area and broader exhibit categories at the CIIE this year.
Before the company reached the $100 million prospective purchase intention, its leaders had often discussed it offline. The deal will be closed during the CIIE after discussions on some details. "
This short article is by: china.org.cn
Read more about it here: Final preparations underway for second CIIE in Shanghai.
An excerpt from china.org.cn
"Companies and institutions have sped up their final preparations for the second China International Import Expo, which serves as a gateway for China to meet the outside world and vice versa.
Minister of Commerce Zhong Shan said at a news conference on Sept 29 that the CIIE is one of China's important moves to further open up to the outside world. Given the large number of companies signing up for this year's show, the exhibition area has been expanded to 360,000 square meters, from the 300,000 square meters seen in last year's program.
* Information by Handpicked
The CIIE is held from Nov 5 to 10 at the NECC: National Exhibition and Convention Center (Shanghai).
The NECC is currently the largest exhibition complex, making it one of the landmark buildings in Shanghai. Located in Qingpu District and situated near the Hongqiao transportation hub, which includes buses, metro, high-speed railway and Hongqiao airport.
Handpicked Group is attending the CIIE.
This article is by: Asia Times
Read more about it here: Pernod Ricard to build China’s first whiskey distillery
An excerpt from Asia Times:
"Pernod Ricard has broken ground on the 13-hectare site in Sichuan province, and the Emeishan Malt Whiskey Distillery will become the world’s first to appoint a Chinese master distiller.
Sichuan is a famous baijiu region and Mount Emei is a well-known tourist attraction in China, so the location of the distillery is a tactical decision aimed at cultivating the market, wine industry analyst Cai Xuefei told Yicai Global.
Last year, sales of the company’s whiskey products achieved rapid growth in China, which prompted Pernod Ricard to invest and step up its game, said Jean-Etienne Gourgues, managing director of the firm’s China arm. The project, which is expected to be completed in 2021, will have a visitor center and it aims to attract over two million tourists during the first decade of operation."
This article is by: Technode
Read more about it here: Alibaba’s grand strategy to feed China’s middle class
An excerpt from Technode:
The explosive growth in online sales of the shengxian category (literally “raw fresh”) is one of the strongest manifestations of China’s so-called “consumption upgrade.” Driven by rising disposable income and all-too-frequent domestic food scares, such as the ongoing African Swine Fever epidemic, Chinese consumers are demanding healthier and safer food alternatives. Meanwhile, distrust in domestic producers and a tendency to favor foreign products has dramatically increased the amount of food sourced from overseas.
Increasing food imports and an escalating “fresh produce war” make access to high quality overseas suppliers a key competitive advantage. Although all online grocery players are in one way or another dabbling in direct sourcing, supplier partnerships or even vertically-integrated food production, none have a supply chain strategy that is as comprehensive or as ambitious as that of Alibaba
This article is by CCN.com
Read about it here: Why Tim Hortons Will Be the Next Starbucks Rival to Fail Miserably in China
An excerpt from CCN.com:
"If Tim Hortons, named after an iconic hockey professional, can’t win in the hockey-crazed country and its neighbor south of the border, just how can it win thousands of miles away in China?
“The young Chinese consumer is driving a consumption/lifestyle upgrade but with a domestic brand bias, amidst a degree of ‘nationalism,’” Credit Suisse said in a report.
One of the more promising coffee chains in China is a chain called Luckin Coffee. Despite having just launched in 2017, the chain is targeting 4,500 stores in 2019.
Starbucks, for its part, has wisely chosen to partner with Alibaba to increase its local credibility.
The average Chinese consumer enjoys a grand total of three cups of coffee per year, which is the equivalent to the daily intake of many western consumers.
The number implies an obvious potential for many coffee companies to win market share, but Tim Hortons trails its rivals in nearly every competitive metric."
Click here for the full article
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