China Pet Industry News

Business

Petfood NZ Factory

China Pet Foods acquires Petfood NZ

The Chinese company China Pet Foods (owner of multiple brands and factories, including Wanpy) has acquired 70% of New Zealand’s largest OEM canned food factory

Red Dog China

US$30M financing for RedDog

The pet nutrition brand “Red Dog” – Hongrui Biotechnology recently completed a first round of financing of nearly 200 million yuan (US$30 million) in China.

Sunsun China IPO

Sensen Group files for A-shares IPO

On 18 January 2021, Sensen Group Co., Ltd. announced an initial public offering and listing counseling agreement with Haitong Securities, planning to enter the China’s

Solid Gold Pet acquired by H&H

H&H Group acquires Solid Gold Pet

Health & Happiness Group International Holdings (H&H Group) acquired St. Louis, Missouri, USA-based Solid Gold Health Products For Pets, or Solid Gold Pet, for US$163 million, reported Mergers and Acquisitions. This represents H&H Group’s first foray into the dog, cat and other pet food industry.

Boqii IPO at NYSE

Boqii IPO – NYSE

September 30, Boqii was officially listed on the New York Stock Exchange. The investment community learned from the listing ceremony that the IPO price was US$10, bringing the market value of Boqii to US$900 million, or about 6.1 billion yuan.

Yantai China Pet Foods half year profit 186% increase

Yantai China Pet Foods (Wanpy) reports an operating income of 988 million yuan (US$145M) for the 1st semester, a year-on-year increase of 25.58%, with a net profit of 46.1162 million yuan, a year-on-year increase of 186.31%.

China’s pet care market continues to expand rapidly. Since 2012, the growth in terms of volume, network size and products available in the country has been accelerating year after year.

But professionals from all over the world who have works with China know that entering this large and promising market is an adventure fraught with pitfalls.

If you want to be successful in chinese pet market, it is recommended to develop a good understanding of its characteristic and keep control over your brand image, no matter if you plan to rely on a general agent or work with multiples partners.

It starts here, with the latest news from the industry, market data and in depth articles covering topics such as sales network, chinese social media and other marketing tools, new regulations, etc.