Yihai Kerry, parent company of the Chinese edible oil maker Jin Long Yu, has confirmed that the company plans to formally increase the prices of some edible oil products by about 5%.

Niu Gensheng, founder of Mengniu, has resigned his position as chairman of the board of directors.

Chinese lifestyle information website Ganji.com has launched a new collective buying product, which will first cooperate with Womai.com owned by COFCO Group in providing group buying deals in Beijing.

The newly-built Shanghai Joy City, located on the Qufu intersection of Tibet North Road with a total construction area of 68,000 square meters, was opened last week.

Qu Zhe, president assistant of COFCO Group and chairman of COFCO Wines & Spirits, has revealed that the company has acquired Biscottes, a well-known winery in Chile, for USD18 million.

COFCO, the major shareholder of the Chinese dairy company Mengniu, has announced that Mengniu's manufacturing base in the southwestern area of China has been completed and put into production.