The main content of today's New Consumer Daily includes: Jike plans to enter the Japanese market by 2025; Hong Kong Disneyland announces expansion plan; Shuaike Pet has received a strategic investment of 1 billion RMB.
Industry News
Apollo Go denies to carry out any business related to investment attraction, leasing and fund raising
Apollo Go said that it has never carried out "investment attraction", "leasing", "fund raising" and other related businesses on its own or authorized any third party. For any unauthorized infringement, fraud and other illegal acts that may infringe upon the public interest in the name of "Apollo Go", Apollo Go said that it would resolutely crack down and safeguard the legitimate rights and interests of the company and relevant netizens through legal means.
1688 releases free AI business assistant
On August 12th, 1688 launched the "Efficiency Improvement and Income Increase" plan for source manufacturers in the industrial belt, and released a free "AI Business Assistant". 1688 promises to ensure that new merchants receive a certain number of orders, customers, and reasonable profits, while all AI products for merchants are free of charge.
Ctrip, Fliggy, Qunar respond to massive cancellations of accommodation and flight tickets in Japan
Ctrip staff have stated that many travelers have indeed cancelled their bookings for local hotels or accommodations in Japan recently. Most of them should still be able to understand and accept the option to cancel without penalty, but it depends on the hotel. The staff of Fliggy stated that "some customers are worried about earthquakes and therefore have cancelled their hotel bookings. Generally speaking, in the event of force majeure such as earthquakes or tsunamis, the hotel will provide a full refund. The staff also emphasized that "the earthquake occurred in some parts of Japan and has little to do with Tokyo, Osaka and other places
In terms of air tickets, as of August 12th, Qunar has received free refund and modification policies for air tickets involving multiple locations in Japan from Air China and China Eastern Airlines. There are differences in the specific refund and reform policies among different airlines. For details, please refer to the Qunar Travel app or official announcements from airlines.
Rosen China claims that the IP purchase mini program has returned to normal
This afternoon, there was news that the Lawson IP shopping mini program had crashed. Lawson China LAWSON's official WeChat account responded to this and stated that Lawson IP shopping has now returned to normal. Lawson China LAWSON stated that due to the popularity of the event and network congestion, some orders were cancelled due to payment delays, and the corresponding amount will be refunded through the original payment method; However, some refunds may be delayed, please be patient and wait; If some orders show that gifts are not included, we will still ensure that gifts are distributed during shipment.
Hong Kong Disneyland announces expansion plan
According to Hong Kong Disneyland Resort, at the D23 Disney Global Fan Conference, Disney Experience Chairman Dai Mingzhe announced the new phase of expansion plan for Hong Kong Disneyland. Hong Kong Disneyland will create a new Marvel themed extension area and its amusement facilities, and showcase its concept map for the first time.
Hello, we have established a network technology company in Shijiazhuang with a registered capital of 1 million yuan
Recently, Shijiazhuang Hazhi Network Technology Co., Ltd. was established, with Wu Chuanfan as the legal representative and a registered capital of 1 million yuan. Its business scope includes shared bicycle services, small and micro bus rental services, retail of bicycles and spare parts, sales of electric bicycles, and assisted bicycles. According to shareholder information, the company is wholly owned by Shanghai Hello Puhui Technology Co., Ltd.
Angel Yeast establishes a biotech company in Xinjiang
Tianyancha shows that Angel Yeast (Kashgar) Biotechnology Co., Ltd. was recently established, with Zhu Shaohua as the legal representative and a registered capital of 20 million yuan. Its business scope includes food production; Food sales; Seasoning production; Feed production; Production of feed additives, etc. The company is wholly owned by Angel Yeast.
Xiaomi establishes intelligent appliance company in Wuhan with registered capital of 450 million yuan
According to the Tianyancha App, Xiaomi Intelligent Appliances (Wuhan) Co., Ltd. was recently established, with Dan Lianyu as the legal representative and a registered capital of 450 million RMB. Its business scope includes home appliance manufacturing, home appliance research and development, home appliance sales, electronic product sales, communication equipment manufacturing, and general equipment repair. According to shareholder information, the company is wholly owned by Xiaomi Communication Technology Co., Ltd.
Wanda Hotels expects a net loss of HKD 880 million to HKD 930 million in the first half of the year
On August 12th, Wanda Hotel Development issued a performance warning stating that it expects a net loss of HKD 880 million to HKD 930 million in unaudited financial statements for the first half of the year, compared to a profit of HKD 165 million in the same period last year.
Xintiandi's net profit in the first half of the year increased by 18.98% year on year
Xintiandi announced that in the first half of 2024, the company will achieve an operating income of 397 million yuan, up 18.74% year on year; The net profit attributable to shareholders of the listed company was 112 million yuan, a year-on-year increase of 18.98%.
Andema's first quarter revenue decreased by 10%
Recently, American sports brand Under Armour released its latest financial report, showing that in the first quarter of fiscal year 2025, revenue decreased by 10% year-on-year to $1.2 billion, gross profit margin increased to 47.5%, and operating loss recorded $300 million.
Looking at different regions, the revenue in the North American market decreased by 14.2% year-on-year to $709 million; The revenue in Europe, Middle East, and Africa remained stable, recording $227 million; Revenue in the Asia Pacific market decreased by 10.1% to $181 million; Latin America had the strongest growth, with revenue surging 15.6% to $64.4 million. It is worth noting that Under Armour disclosed a restructuring plan in May this year with a valuation of $70 million to $90 million, hoping to drive demand through better products and stories.
Wolf Claw exits the North American market and shifts focus to China
Recently, German outdoor equipment brand Jack Wolfskin began gradually ending its business in the United States and closing its US retail website.
The brand representative stated that Jack Wolfskin will "refocus resources on stronger sales operations in Europe, EMEA (Europe, Middle East, Africa), and Asia". But the brand predicts a recovery in sales in the fourth quarter of this year.
In the first half of this year, Jack Wolfskin announced the signing of Karen Mok as the brand's spokesperson, which is a clear adaptation to the trend of localized marketing in China. After all, after abandoning the North American market, the Chinese market has become Jack Wolfskin's largest overseas market.
Uni President Corporation's net profit for the first half of the year was 22.6662 million yuan, which turned a loss year-on-year
Uni President Corporation released its semi annual report, achieving a revenue of 1.269 billion yuan in the first half of 2024, a year-on-year increase of 4.22%; The net profit attributable to shareholders of the listed company was 22.6662 million yuan, a year-on-year turnaround.
Nestle launches new sugar free tea product
Recently, Nestle released a new sugar free plant-based drink. The new products mainly include hawthorn tangerine peel tea and white mulberry oolong tea, focusing on postprandial blood sugar health. The new product features a scientific formula with 0 sugar, 0 fat, and 0 energy.
Peach and Plum Bread's net profit in the first half of the year decreased by 0.6% year-on-year
Taoli Bread released its 2024 semi annual report, achieving a revenue of 3.021 billion yuan in the first half of the year, a year-on-year decrease of 5.79%. The net profit attributable to shareholders of the listed company was 289.9 million yuan, a year-on-year decrease of 0.6%. The company plans to distribute a cash dividend of 1.20 yuan (including tax) for every 10 shares to all shareholders.
Red Bean Co., Ltd. Chairman changed to Zhou Hongjiang
Red Bean Stock announced that Dai Minjun has applied to resign from his positions as Chairman and member of the Strategic Committee of the Board of Directors due to work adjustments. After resigning from the aforementioned positions, Dai Minjun continued to serve as a director of the company and a member of the board nomination committee. The company has decided to appoint Zhou Hongjiang as the chairman of the company and dismiss him from the position of vice chairman.
Nanqiao Food's net profit in the first half of the year was 128 million yuan, a year-on-year increase of 37.58%
Nanqiao Food released its 2024 semi annual report, during which the company achieved a revenue of 1.566 billion yuan, a year-on-year increase of 0.26%, and a net profit attributable to shareholders of the listed company of 128 million yuan, a year-on-year increase of 37.58%. On the same day, it was announced that the consolidated operating revenue for July was 218 million yuan, a year-on-year increase of 5.22%.
Burger King's parent company RBI Group's Q2 revenue exceeded expectations
Recently, Burger King's parent company RBI Group announced second quarter revenue that exceeded Wall Street's expectations, as stable demand from Tim Hortons coffee shops helped offset the impact of weak sales during Burger King's restructuring. During the quarter, the company's revenue increased by 17% to $2.08 billion, exceeding the expected $2.02 billion; Tim Hortons accounted for nearly half of RBI Group's revenue this quarter, with same store sales increasing by 4.6%, higher than the expected 4.3%; Burger King's same store sales decreased by 0.1%.
Lancang Ancient Tea saw a significant decline in net profit in the first half of the year
Lancang Ancient Tea, a Hong Kong listed company, recently issued a profit warning. It is expected that the revenue in the first half of 2024 will decrease by no more than 17% compared to the same period in 2023, with a decrease of no more than 80% compared to the same period in 2023, with a profit attributable to the company's owners of no more than 24.4 million yuan.
The expected decrease in profit of Lancang Ancient Tea is mainly due to the slow recovery of terminal consumption and intensified competition, leading to a decline in income; The increase in investment in brand promotion and product sales promotion has led to an increase in sales expenses.
Claw growth slows to slowest since pandemic
Recently, Monster Beverage, the parent company of Monster Claw, announced its second quarter performance, which showed that its revenue growth rate was the slowest since the second quarter of 2020, only increasing by 2.5% to $1.9 billion, lower than analysts' expectations of $2.02 billion; The sales volume for this quarter was 212 million boxes, lower than the average expectation of 215 million boxes. The company's stock price fell 9% in after hours trading. It is reported that due to its target audience struggling with rising inflation and interest rates, the growth of Claw has slowed down and it also faces fierce competition from Red Bull and Mercedes Benz.
The Taobao Houda channel has been launched on Uniqlo
Recently, the Taobao Hour Express channel has launched Uniqlo. Clicking on a merchant's avatar will redirect you to the Uniqlo Tmall flagship store page. After selecting the product, users can choose between express delivery or store pickup. The delivery time is 2 to 3 hours, available for reservation, and the delivery fee is 9 yuan.
Tea Baidao expects a 63% decline in profits
Chabaidao recently issued a profit warning, expecting to achieve a net profit of 220 million to 250 million yuan in the first half of the year, a year-on-year decline of 63.03%.
The board's explanation for the decline in profits is that the company increased policy support for franchisees in the first half of the year, as well as offering discounts on the sale of goods and equipment to suppliers. According to the prospectus of Chabaidao, 95% of the company's revenue last year came from selling goods and equipment, with the remaining portion coming from franchise fees.
Versace's parent company's revenue declined by 12% in the second quarter.
Affected by the sluggish global luxury consumption, Capri's Q2 revenue decreased by 12% year-on-year to $1.07 billion. Sales of its brands Versace and Michael Kors have declined by over 14%, while Jimmy Choo has experienced a mid single digit decline. The management stated in the financial report that they are disappointed with the performance and will carefully manage operating expenses and inventory in the future, given the challenging global consumer environment.
Fresh news about going out to sea
Jike plans to enter the Japanese market by 2025
According to reports, Chen Yu, Vice President of Jike Intelligent Technology, stated in an interview that Jike plans to enter the Japanese market by 2025.
Lazada's cross-border self operated model allows zero cost entry
Lazada recently announced that starting from July 25, 2024, Chinese new merchants who choose Lazada's cross-border self operation model will enjoy a 90 day free deposit sales right from Lazada upon successful store entry.
J& T Jitu Express and Three Sheep Group signed a global strategic cooperation agreement
Recently, J&T Jitu Express and Three Sheep Group officially signed a global strategic cooperation agreement. This cooperation marks a deep collaboration between the two parties in the global e-commerce logistics field, jointly exploring new development opportunities and creating a new model of global business cooperation. According to the agreement, Jitu Express will further consolidate and develop its business foundation in China with Three Sheep Group, and explore new business cooperation models in Southeast Asia and globally. Both parties will jointly develop innovative logistics solutions in this cooperation, targeting emerging business models such as live streaming e-commerce, to comprehensively improve the overall efficiency and service quality from supply chain to terminal distribution.
Investment and financing situation
Shuaike Pet receives a strategic investment of 1 billion RMB
Shuaike is a company that specializes in pet products and food. It has introduced American micro powder puffing technology and fresh meat emulsification technology, combined with local fresh chicken and duck meat, natural food, organic vegetables, fruits and other nutrients to export natural fresh meat pet food. Shuaike Saijia natural cat and dog food is now exported. Recently, Anhong Capital and Boyu Capital invested 1 billion yuan in it.
I have successfully raised nearly 10 million RMB in financing
I climb is a rock climbing brand, with the core task of promoting BAT boards to more rock climbing gyms under construction or requiring hardware updates nationwide, and developing a series of peripheral products to enhance finger and grip strength for rock climbing enthusiasts. At present, nearly 10 million yuan of financing has been completed, with Wang Shi as co-founder and the first investor, and Zhou Hongyi as an angel investor. The new round of funds will mainly be used for the research and development upgrade of the BAT board and the operation of the "Wo Pan" Beijing flagship museum.
Industry Opinion Express
From January to July this year, the number of railway passengers sent nationwide exceeded 2.5 billion, setting a new historical high for the same period
According to China Railway Group Corporation, from January to July this year, the country's railways transported 2.522 billion passengers, with a passenger turnover of 945.453 billion person kilometers, an increase of 15.7% and 10.6% respectively year-on-year, both reaching a new historical high for the same period. The national railway transportation is safe, stable and orderly.
Southeast Asian smartphone shipments in Q2 increased by 14% year-on-year
Canalys released data stating that in the second quarter of 2024, smartphone shipments in Southeast Asia achieved a year-on-year growth of 14%, reaching 23.9 million units. After experiencing seven consecutive month on month declines, Samsung saw a slight increase, with shipments reaching 4.4 million units and a market share of 18%. OPPO (excluding OnePlus) has returned to second place in the market with a shipment volume of 4.2 million units and a market share of 17%. Xiaomi ranks third, and its promotion of entry-level products has narrowed the gap with the former, with a shipment volume of 4 million units and a market share of 17%.
Meituan errand Qixi gift orders increased by 33%
During the Qixi Festival this year, instant delivery business such as errands ushered in a peak of orders. Meituan errand data shows that the orders related to Qixi gifts increased by 33% year on year, with flowers and gift delivery orders as the main ones. In addition, the demand for personalized and customized services such as buying gifts in store, queuing up at popular restaurants, and verifying group buying coupons has also significantly increased.
Pinghu China Clothing City sold 1.6 million down jackets in 3 days
According to the "Pinghu Release" WeChat official account, the largest and most influential professional down jacket market in China recently, Pinghu China Garment City sold 1.6 million down jackets in three days, and more than 4500 merchants went to purchase them, reaching 2000 people at the peak, with a sales volume of 320 million yuan. This season, the wholesale price of down jackets is half as cheap. During the peak season, the average price of a piece of clothing is 400 yuan, but now it's less than 200 yuan.