Alibaba And Keep Double 11 Revenues Secret

As the 14th Double 11 came to an end, depressed consumer sentiment in China and the huge shift in consumption habits meant that this year’s shopping festival didn’t reach the feverish growth of previous years. In an unprecedented move, neither Tmall nor announced their GMV (Gross Merchandise Volume) results for this year’s Double 11, also called … Read more

BY-HEALTH was Selected as National Intellectual Property Demonstration Enterprise

The China National Intellectual Property Administration announced the evaluation results of the 2022 National Intellectual Property Demonstration Enterprises. This year, BY-HEALTH, Kingdomway, Xiwang Foodstuffs, COFCO, DEEJ, Wanglaoji Pharmaceutical Company, Perfect (China), Layn Natural Ingredients, and many other nutritional health enterprises were named as the new batch of National IPR Demonstration Enterprises. It’s worth of notice … Read more

Celebrity Endorsements are Prohibited for Health Food Companies

The State Administration for Market Regulation and seven other departments jointly issued the “Guidance on Further Regulating Celebrity Endorsement Advertising Activities”. It is stated that medicine, pharmaceuticals, medical device, health food, and food for special medical purposes are prohibited areas for celebrity endorsements. The “Guidance” will be taken into effect in November, 2022. Since the … Read more

The Market Analysis for Glucosamine

There are about 355 million people suffering from arthritis in the world, and an average of 1 in 6 people in Asia suffers from arthritis. According to relevant statistics from the Orthopedic Branch of the Chinese Medical Association, there are about 122 million arthritis patients in China, among which osteoarthritis accounts for more than 70% … Read more

Nutrition Supplement Companies Attend China’s International Import Expo (CIIE)

Health and nutritional supplement providers are embracing China’s great market potential, with multinational companies taking to the stage at the 5th China International Import Expo to draw attention to new health and wellness trends. French food and beverage giant Danone said it has accelerated the introduction of early life nutritional supplements and many of its … Read more

Chinese Food Giant Loses Nearly $3 billion in One Day, Consumers Becoming Distrustful

On October 27, Haitian Flavor Industry published a three-quarter report. Both revenue and net profit attributable to the company had fallen, and this was the worst performance in the company’s history over the same period. As soon as the quarterly report came out, the company’s stock price plummeted by 6.17%. The market value evaporated by … Read more

China Pledges Further Efforts to Support Self-Employed Businesses

BEIJING – Chinese officials on Tuesday pledged more efforts to support self-employed businesses amid difficulties as the country unveiled a new regulation on advancing the development of self-employed businesses. Guo Qimin, an official with the National Development and Reform Commission, said more will be done to enhance macro policy implementation, improve the business environment, and … Read more

Tighter Guidelines Introduced for Celebrity Endorsements

China has introduced guidelines to further regulate commercial endorsements by celebrities, banning companies from using performers who have engaged in illegal behavior or who have lapsed morals, and requiring celebrities to fully know the companies and products they endorse. The guidelines come after some of the chaos that has been seen in celebrity endorsements in … Read more

Functional Recombinant Collagen

ITC’s Research findings show that beauty benefit is the main reason for consumers to purchase collagen products. The domestic collagen market is limiting the perception of collagen function, but collagen is much more than that. The scientific community has discovered a total of 28 types of collagen, and different types of collagen correspond to different … Read more

Scitop Bio-tech Signed Probiotic Licensing Agreement with CSL

Scitop Bio-tech announced that it has signed a 10-year probiotic license agreement with Centro Sperimentale del Latte S.r.l. (CSL) for the exclusive production, marketing, and sale of the company’s Lactobacillus Plantarum P-8 strain in Europe and North America areas. The parties stipulated that CLS pays Scitop Bio-tech an annual fee of RMB 356,000 yuan (USD … Read more