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09/02/2023

Daily Economic News, February 6, every reporter learned from Cotti coffee, Cotti coffee announced the opening of the "100 cities and thousands of stores coffee carnival".
It is understood that the activity will last from February 6 to March 31, during which more than 70 hot products of 6 series will be promoted from 9.9 yuan. The participating stores will cover 181 prefecture-level cities across the country, with a total of about 1,300 stores. It is reported that this activity is the first round of major marketing activities for Cotti Coffee since its establishment.
Cotti Coffee was founded by Qian Zhiya, the founder and former CEO of Luckin Coffee, with the original core team of Luckin. The company is headquartered in Beijing with a registered capital of $200 million. Cotti Coffee co-founder and CMO Li Yingbo said, "Since the opening of its first store in Fuzhou on October 22, 2022, Cotti Coffee has grown rapidly."
-founder

14/01/2023

On Jan. 10, Beijing Business Today recently reported that the bottled tea production base built by Guangzhou ChaLi Group Co., Ltd. (hereinafter referred to as "CHALI”) completed the capping and is expected to be put into operation in the second quarter of 2023.

Established in August 2013 and headquartered in Guangzhou, CHALI is positioned as a high-end tea beverage brand with the core product of making tea in the original leaf triangle bag in order to become the "new retail benchmark of Chinese tea industry". In November 2020, Tea House completed a round B financing of RMB 100 million. In 2021, hundreds of millions of yuan of financing was received for tea in order to accelerate technological innovation and brand building of tea deep processing in the supply chain.

13/01/2023

In Shenyang, there is such a "Guochao Style Hot Pot", the style of the store combines wine shops, night tours, markets, etc., 12 desserts are free to eat, spicy duck blood pot bottom is free shabu, and even alpaca "stationed" can be stroked for free!

This brand is called "Xiong Meow is coming", which is a "hardcore Internet celebrity" that has been opened by Shenyang for 7 years. At present, Shenyang's mainstream business districts have been crowded, and the Garden City store has been listed on the must-eat list of public reviews in 2022; At the same time, it became a CCTV-2 recommended brand; Ranked No.1 on the Shenyang hot pot list. It is reported that a 375㎡ shopping mall store, with a daily turnover of up to 7.7 rounds, and a per capita consumption of less than 100 yuan, the monthly turnover exceeded 1.8 million...

07/12/2022

The first national Latiao professional committee was established

In the rich field of leisure food, Latiao (spicy gluten) can be considered as a national internet snack, not only children like, but also by young people, and in recent years with the leadership of Latiao brands such as Wei Long and Spicy Prince, providing the market with a wide range of products and a complete range of Latiao products.
On 25 November, the second plenary meeting of the fifth session of the Pingjiang Food Industry Association and the establishment of the Latiao Professional Committee were held in Pingjiang County, Hunan Province, which marked the establishment of the first Latiao Professional Committee in the country. Mr. Zhang Yudong, the founder of Spicy Prince Authentic Latiao, was elected as the chairman of the Latiao Professional Committee.

The Latiao Professional Committee was established to maintain the healthy development of the industry and to give back to consumers with more authentic, tastier and healthier Latiao.

30/11/2022

Master Kong participates in the project "Alleviating Marine Plastic Pollution and Helping Transform the Low Carbon Economy
The United Nations Global Compact (UNGC) has recently launched the first pilot project of GDI for SDG (Global Development Initiative for Sustainable Development Goals), "Mitigating Marine Plastic Pollution for a Low Carbon Economic Transition". As one of the main initiators of this project, Master Kong, together with other founding participants, launched a joint initiative.
Led by the United Nations Global Compact, Master Kong, together with China Energy Conservation and Environmental Protection Group, PepsiCo, 3M, Alibaba Group, Xiamen Airlines, Glory and other well-known domestic and international companies as founding participants, launched the initiative of "Alleviating Marine Plastic Pollution and Facilitating the Transition to a Low-Carbon Economy". Under the framework of this pilot project, Master Kong will join hands with Alibaba and other cross-border partners to use recycled rPET materials to make a variety of sustainable consumer products, such as hats, clothes, toys and even vehicle interiors, to promote the green and low-carbon concept to pe*****te all aspects of life.

-carbonconcept

10/11/2022

Beavertown is an up-and-coming London-based beer brand that originated in Tottenham, where a mix of art and ghetto culture inspired the brand's vision.

Beavertown Brewery has launched an edible glitter-infused beer, called Frozen Neck, just in time for the festive season. The “glittery, zingy, hazy IPA” is said to create a “sparkling snowball effect in your glass” and has an ABV of 4.3%.

Frozen Neck is a twist on Beavertown’s Neck Oil beer, and features ice hops that have been frozen immediately after being picked to create a fresh and zesty flavour. It also features notes of grapefruit combined with mango. RRP £2.30.

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07/11/2022

In the afternoon of June 28, “Belt and Road Initiative (BRI) Spearheads Common Prosperity & Zhejiang Agriculture Export Builds A Strong Reputation” Promotion Event for Export, Production and sales of 26 Counties in Mountainous Areas was held at the fair of Agricultural Products.

The event was hosted by Department of Agriculture of Zhejiang Province, and undertaken by Zhejiang Agricultural Foreign Cooperation Center, Zhejiang Association of Agricultural Products Import and Export Enterprises, and Zhejiang Times International Exhibition Services Co., Ltd.
The promotion activity held a special agricultural industry investment promotion matchmaking in Lishui, to promote local agricultural investment projects, and interpret investment promotion policies, element guarantees, etc. The supplier representative signs a contract with purchasers, and have online matchmaking.

02/11/2022

On October 21, the concept store of Xiaolongkan Chunxi Road was reopened and upgraded to a global flagship store, and the third generation store of Xiaolongkan was newly unveiled.

On the opening day, Xiaolongkan's global flagship store was full of people, and the phenomenal queuing scene in the hot pot industry was reproduced, but the waiting diners did not see anxiety on their faces, but enthusiastically felt Chengdu Gaiwan tea, snacks, and a series of activities co-branded with Pepsi, enjoying this Chengdu cultural feast created by Xiaolongkan.

It is reported that from October 21 to 23, Xiaolongkan Chengdu area visited the store 24,554 times, and 20,237 copies of the Douyin/ Dianping anniversary package were sold.

31/10/2022

On the evening of October 19, Yum China released an announcement on the dual primary listing on the main board of The Stock Exchange of Hong Kong Limited (hereinafter referred to as the "Hong Kong Stock Exchange"). According to the announcement, on October 24, 2022, Yum China voluntarily converted its secondary listing status on the Hong Kong Stock Exchange to a primary listing will take effect. Yum China will be dual-primary listed on the Hong Kong Stock Exchange and NYSE, and will remove the ticker "S" from its stock abbreviation "Yum China-S" on October 24.

At the same time, the announcement announces that Yum China has appointed Pingping Liu, Corporate Secretary and Senior Legal Director; and Tang King Yin of Tricor Professional Services Limited as Joint Company Secretary with effect from the Effective Date.

23/09/2022

On September 20, McDonald's China announced the official opening of McDonald's Shougang Park Deli Speed Restaurant in Beijing, which will be the first LEED certified "zero carbon restaurant" in China. In April this year, KFC announced the first batch of KFC green pioneer stores - "Little Green Store" in Beijing and Hangzhou, green catering.

"Green low-carbon is a global future development direction, as well as our efforts to target, McDonald's as the largest fast food chain, must shoulder this social responsibility as well as the overall industry leadership, it can be said that the future of how to accelerate the green restaurant, intelligent and low-carbon, is the direction of the entire industry needs to work together." China food industry analyst Zhu Danpeng told the Securities Times-e reporter.

16/09/2022

Next Level Burger (NLB), the first 100% plant-based burger chain in the U.S., recently announced a successful $20 million funding. NLB is one of the first vegan fast food restaurants in the U.S. to offer traditional burgers, shakes and fries, while NLB is also committed to non-GMO organic ingredients. The brand is positioned around sustainability goals with biodegradable take-out packaging.

According to Future Markets Insights (FMI), the global plant-based burger market is expected to be valued at $2.7 billion by the end of 2020 and is going to increase significantly by the end of the 2020-2030 forecast period. Recent report published by FMI states that the plant-based burger market is expected to grow exponentially, at a CAGR of more than 22% between 2020 and 2030.

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