China Economic ReviewA survey of China's television market has concluded that competition will reduce the number of producers over the next five years from 40-50 to no more than 15, South China Morning Post said. The survey, conducted by the government and the industry trade association, found that the domestic market was saturated, with 96 per cent […]
Belgian brewer Interbrew announced that it was acquiring 70 per cent of the Zhejiang based KK Brewery for US$42m. KK holds 80 per cent of the market in the city of Ningbo. This move consolidates Interbrew's position in the Yangtze delta region, following the company's purchase of an 80 per cent interest in Nanjing Brewery […]
Yakult Honsha plans to start full-scale production and sales of its lactobacillus drinks in China, reported Nikkei, adding that the Chinese market was the cornerstone of its overseas strategy. The Japanese company said it would build five new factories on the mainland over the next five years and would quadruple output at its existing plant […]
The Shanghai-based and Singapore-listed People's Food Holdings considers that the Chinese meat market, which currently has thousands of producers, will consolidate over the next five to 10 years and it aims to become one of the leading players. The company's statement coincided with its secondary listing on the Hong Kong Stock Exchange in October. Founded […]
A Sino-British joint venture is planning a luxurious commercial and entertainment complex around a new racecourse in Wuhan, Hubei province, South China Morning Post said. The complex will include a hotel and convention centre, a supermarket and an apartment block, as well as a members� club with other sports facilities, restaurants and meeting rooms. In […]