HPAchina user Net sales in 2022 was $421.9 million compared to $444.1 million in 2021. Excluding unfavorable foreign exchange rates, net sales in 2022 were up marginally compared to the prior year. Gross margin in 2022 was 71.0% compared to 74.0% in 2021. The decrease in gross margin for the year was primarily a result of foreign … Read more
Chinese courts at all levels concluded 32,000 first-instance cases related to online shopping contract disputes in 2022, a significant increase from the 12,000 in 2018, according to the Supreme People’s Court on Wednesday. Over the past five years, courts across China concluded 99,000 cases of first instance arising from disputes over online shopping contracts, and … Read more
The National Business Daily conducted a special 3-15 planning campaign, and released the 2023 China Consumption Innovation Pioneer List. The Bb-12 LGG probiotic on the list is a high-quality probiotic product made by Dipro to combine complementary advantages of Bb-12 and LGG strains, achieving whole intestinal protection. In addition, Dipro Bb-12 LGG probiotic adopts sunflower … Read more
On March 14, the launch ceremony of the “Qingdao University-Danone Institute Nutrition and Health Innovation Center” was successfully held at Qingdao University. According to the cooperation agreement, the Innovation Center will rely on the advantageous resources of both parties to conduct research in the fields of gastrointestinal health and intestinal flora, and at the same … Read more
On March 17, Innova Market Insights released the top 10 food and beverage trends in China in 2023, hoping to provide new ideas for new product development and brand strategy in 2023. 1. Redefining Value: nowadays, Chinese consumers have their own considerations when making purchases, and they will pay more attention to scientific formulas, cost-efficiency, … Read more
Junyao Diary launched a new product: Werdery “QingQingJun” active probiotic chewable tablets (green tea mint flavor). According to the brand, this new product uses a compounding program that includes 6 kinds of active probiotics and 3 kinds of prebiotics, adding the national invention patent strains CCFM1139 and CCFM1118. The factory test of live bacteria in … Read more
“Hello! PROTEIN” launched the protein sparkling water, a new product that has been developed for over 3 years. According to the brand, this product is the first whey protein isolate (WPI) carbonated beverage in China. The first protein sparkling water is lactic acid bacteria flavor and has an NRV value of 3% per can, with … Read more
BEIJING, March 11 (Xinhua) — An astonishing scene happens every day in the eastern Chinese city of Wuxi, where people are immersed in sports while vehicles whizz over their heads. It takes place in Wuxi’s largest sports park, built under an overpass, which covers an area of 6.4 hectares and is equipped with fitness facilities … Read more
Background According to the requirements in the Food Safety Law of China, the new food raw materials and additives used for food production should pass the safety assessment of the National Health Commission (NHC). In recent years, with the support of favorable policies, enterprises have made many innovations, which promote the emergence of various new … Read more
CPT recently received on-site research from CITIC Securities, Hua Chuang Securities, Ping An Securities, Tianfeng Securities, CCB Investment, and Bohai Securities. During the research, CPT said that the Chinese sports nutrition industry is developing rapidly and the market outlook is very optimistic. According to the Euromonitor International report, from 2015-2020, the compound annual growth rate … Read more
