COFCO’s Waimai Sells US Beef in Beijing While Alibaba’s Yiguo Sells US Beef in Shanghai

China’s major e-commerce platforms are racing to be the first to put US beef under their online sales portfolio, with the arrival of the first commercial shipment of the meat and its products to China due over the weekend, marking the end of a 14-year import ban. Womai.com, the online platform run by the country’s

COFCO to Distribute Scotch Whisky

One of Scotland’s oldest whisky producers said it is tapping into the lucrative Chinese thirst for the drink after securing a major distribution deal with one of China’s food and beverage giants. Loch Lomond Group, based in Alexandria in Scotland, has entered into a partnership with China National Cereals, Oils and Foodstuffs Corp, also known

Coca-Cola and COFCO Joint-Venture Opens Bottling Plant in Hunan Province

Coca-Cola, the global leader in the beverage industry, announced Tuesday [11 April 2017] that its biggest bottling plant in central China began operating in Hunan Province. The new plant is designed to accommodate nine production lines — four for water products, four for sparkling beverages and one for juice and juice drinks. Four lines were

COFCO Nutrition and Health Research Institute Signs Cooperation Agreement with New Zealand Government Research Institute

A planned joint China-New Zealand food research center will bring scientific and economic benefits to both countries, the head of a New Zealand government research institute said Friday [17 February 2017]. The center would see New Zealand’s AgResearch collaborating with China’s largest State-owned food company and the largest university food science and nutrition research department…Full

COFCO Group to Implement Mixed-Ownership Reforms Including IPOs and ESOPs

Shares of three listed units of State-owned China National Cereals, Oils and Foodstuffs Corp rose sharply on Wednesday [22 February 2017], after the country’s biggest food supplier by volume announced further plans for mixed-ownership reform on Monday. COFCO Biochemical (Anhui) Co Ltd stocks reached their 10 percent daily limit in early trading hours, and settled

Stock Prices for Baijiu Liquor and Consumer Staple Companies Are Forecasted to Rise in 2017

Drink a baijiu toast to the new year. China’s consumer staples stocks, led by makers of the fiery Chinese liquor, are helping drive stock gains this year as sales prospects get rosier. As China’s markets endured a year of turmoil amid concerns over the economic outlook, consumer staples was the only sector on the country’s

Thailand’s Charoen Pokphand Foods Acquires Jiangsu-based COFCO Meat (Suqian)

In its latest big buy, Charoen Pokphand Foods Plc (CPF), the SET-listed flagship of agribusiness giant Charoen Pokphand Group, has acquired Cofco Meat Suqian for 976 million baht [~US$27.4 million]. Through Chia Tai China Investment Co (CTCI), an indirect subsidiary of CPF in China, CPF will also take over the shareholder’s loans worth 2 billion

Coca-Cola to Refranchise its Chinese Bottling Operations with COFCO and Swire Group

To improve the efficiency and scale of its local partners, the world’s largest beverage group The Coca-Cola Co signed an agreement on Saturday [19 November 2016] to refranchise all its bottling operations in China, in a move to return its focus to the company’s core strengths, said senior executives…Full Article: China Daily Nov 2016 Key