Established in 1991, Master Kong is a branded company headquartered in Shanghai and Tianjin. It specializes in the production and distribution of instant noodles,[2]beverages, cakes, and relevant supporting industries. In 1996, it was listed in Hong Kong and is currently constituent of MSCI China Index and the Hang Seng China 100 Index.[3]
In 2019, Master Kong achieved revenue of 61.978 billion yuan, a year-on-year increase of 2.13%; achieved net profit of 3.331 billion yuan, a year-on-year increase of 35.22%.[4] According to Nielsen, the sales volume of Master Kong instant noodles in 2019 accounted for 43.3% of market shares, ranking first in the market.[4] According to Kantar, in 2019, Master Kong's juice ranks second in juice market penetration. Meanwhile, the penetration of Master Kong RTD tea reached 38%, 10 percentage points higher than the second.[4]
In November 2011, Master Kong and PepsiCo established a strategic alliance for the production and sales of all non-alcoholic beverages in China.[5] In March 2015, Master Kong and Starbucks officially entered into cooperation agreement for the production and sales of Starbucks bottled and canned ready-to-drink products in China.[6]
In June 2018, Master Kong was shortlisted in the national brand project of Xinhua News Agency.[7]
In March 2011, Unilever was fined 2 million Yuan for the distribution of information about future price hikes and Tingyi was given a warning about publicly discussing their price increases.[11]
In June 2011, Master Kong[12] was recognized by market research firm, TNS, to be the second most valued brand in China.[13]
In 2014, Master Kong was facing the food safety problem in Taiwan.[14]
In 2015, Master Kong stopped distributing its instant noodles in Taiwan. The group's board of directors has approved a plan to completely withdraw from the Taiwanese market.[15]
^ abc. www.xinhuanet.com. Archived from the original on August 7, 2020. Retrieved 2020-03-30.
^"Tingyi Holding and PepsiCo Finalize Strategic Alliance in China" (Press release).
^"Starbucks Signs Agreement with Tingyi Holding Corp. to Expand in China's $6 Billion Ready-to-Drink Coffee & Energy Category" (Press release). 18 March 2015.
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For other uses see Master Kong disambiguation This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Master Kong news newspapers books scholar JSTOR April 2020 Learn how and when to remove this message Master Kong simplified Chinese 康师傅控股有限公司 traditional Chinese 康師傅控股有限公司 pinyin Kang shifu Konggǔ Yǒuxiangōngsi is the largest instant noodle producer in China Tingyi Cayman Islands Holding CorporationTrade nameTingyi Cayman Islands Holding Corporation頂益 開曼島 控股有限公司 Dǐngyi Kaiman dǎo Konggǔ YǒuxiangōngsiNative name康師傅控股有限公司Company typePublic companyTraded asSEHK 322TWSE 910322IndustryFoodsFounded1991HeadquartersShanghai TianjinArea servedChinaKey peopleCEO Wei Junxian 1 Productsinstant noodles beverages baked goods soft drinks bottled waterParentTing Hsin International Group 33 48 Sanyo Foods Co Ltd 33 48 Websitewww wbr masterkong wbr com wbr cn Established in 1991 Master Kong is a branded company headquartered in Shanghai and Tianjin It specializes in the production and distribution of instant noodles 2 beverages cakes and relevant supporting industries In 1996 it was listed in Hong Kong and is currently constituent of MSCI China Index and the Hang Seng China 100 Index 3 In 2019 Master Kong achieved revenue of 61 978 billion yuan a year on year increase of 2 13 achieved net profit of 3 331 billion yuan a year on year increase of 35 22 4 According to Nielsen the sales volume of Master Kong instant noodles in 2019 accounted for 43 3 of market shares ranking first in the market 4 According to Kantar in 2019 Master Kong s juice ranks second in juice market penetration Meanwhile the penetration of Master Kong RTD tea reached 38 10 percentage points higher than the second 4 In November 2011 Master Kong and PepsiCo established a strategic alliance for the production and sales of all non alcoholic beverages in China 5 In March 2015 Master Kong and Starbucks officially entered into cooperation agreement for the production and sales of Starbucks bottled and canned ready to drink products in China 6 In June 2018 Master Kong was shortlisted in the national brand project of Xinhua News Agency 7 Contents 1 History 2 See also 3 References 4 External linksHistory editThe company was founded in Tianjin by the Wei brothers from Changhua County Taiwan in 1991 8 It was listed on the Hong Kong Stock Exchange in 1996 9 It is owned 33 48 by Ting Hsin International Group 10 and 33 48 by Sanyo Foods In March 2011 Unilever was fined 2 million Yuan for the distribution of information about future price hikes and Tingyi was given a warning about publicly discussing their price increases 11 In June 2011 Master Kong 12 was recognized by market research firm TNS to be the second most valued brand in China 13 As of 2013 its main competitors are Want Want China and Uni President 2 In 2014 Master Kong was facing the food safety problem in Taiwan 14 In 2015 Master Kong stopped distributing its instant noodles in Taiwan The group s board of directors has approved a plan to completely withdraw from the Taiwanese market 15 See also editMaster Kong Chef s TableReferences edit 2018 Cross Strait New Economic Forum held in Beijing Xinhua News Agency 2018 09 20 a b China s Tingyi Q1 profit falls 47 pct as sales slow Reuters 20 May 2013 Archived from the original on 2 September 2014 Retrieved 2013 05 30 康师傅介绍 www masterkong com cn Retrieved 2020 03 29 a b c 免疫力 成康师傅年报亮点 2019年多赚35 手握174亿现金 新华网 www xinhuanet com Archived from the original on August 7 2020 Retrieved 2020 03 30 Tingyi Holding and PepsiCo Finalize Strategic Alliance in China Press release Starbucks Signs Agreement with Tingyi Holding Corp to Expand in China s 6 Billion Ready to Drink Coffee amp Energy Category Press release 18 March 2015 康师傅入选新华社民族品牌工程 以航天品质践行民族品牌企业使命 Archived from the original on June 27 2018 Tingyi to take on local instant noodle makers Taipei Times www taipeitimes com 26 November 2002 irasia com Tingyi Cayman Islands Holding Corp www irasia com Tingyi Targets Up to 16 Growth on China Stimulus Update1 Bloomberg 23 October 2009 Sonne Paul 2011 05 07 China Fines Unilever for Price Comments Wall Street Journal ISSN 0099 9660 Retrieved 2019 10 28 Wang Joy 1 April 2011 Unilever Ting Hsin delay hike in China Shanghi Daily and RetalInAsia com Retrieved 2013 05 30 Wexler Alexandra July 4 2011 Noodles and Electronics Asia s Most Valued Wall Street Journal 中時電子報 康師傅精燉蔥燒排骨湯麵 回收 財經 中時電子報 in Chinese Retrieved 2019 09 16 Master Kong withdrawing from Taiwan Taipei Times www taipeitimes com 4 January 2017 Retrieved 2019 09 16 External links editTingyi Cayman Islands Holding Corporation Mainland China Tingyi Cayman Islands Holding Corporation Taiwan Retrieved from https en wikipedia org w index php title Master Kong amp oldid 1218845358, wikipedia, wiki, book, books, library,
