Recent events
Recent events tied to this brand in public sources.
Back to profile8 entries
2021
Yuanqi Forest responds to Taobao store pricing error
Yuanqi Forest's e-commerce team said a staff error in setting discounts caused unusually low-priced orders at a Taobao store. The team said it would send each of the 140,500 customers who placed an order a box of white peach sparkling water and temporarily stop all sales at the store while handling the incident.
2021
Genki Forest reports Taobao store promotion-setting error
Genki Forest said an operational error at its Taobao store caused products worth about RMB 260 to be sold for about RMB 10, resulting in losses of more than RMB 2 million. The company said it was working to handle the incident.
2021
Court upholds Yuanqi Forest unfair-competition judgment
The Beijing Intellectual Property Court rejected the appeal and upheld the original judgment in the unfair-competition dispute involving Yuanqi Forest and Zhejiang Quanshui Dingdong Food. The first-instance court found that the “亲亲元气” soda product’s packaging and decoration were similar to Yuanqi Forest products and constituted confusion under the Anti-Unfair Competition Law.
2021
Genki Forest and Honest Dairy agree to buy stakes in AustAsia
Japfa announced two agreements under which Genki Forest would purchase a 5% equity stake in AustAsia for $78.6 million and Honest Dairy would purchase a 2.5% stake for $39.3 million. AustAsia is a Japfa subsidiary operating farms in China.
2021
元气森林 sponsors the China Pavilion at Expo 2020 Dubai
元气森林 was identified as a senior sponsor of the China Pavilion at Expo 2020 Dubai, and its related products were to be exhibited in the pavilion.
2021
Genki Forest completes approximately $500 million funding round
Genki Forest completed a strategic funding round of approximately $500 million, with existing investor Sequoia China and new investors Warburg Pincus and L Catterton participating as lead investors. The post-money valuation was reported at $6 billion.
2021
Yuanqi Forest completes funding round at $6 billion valuation
Yuanqi Forest completed a new funding round at a post-money valuation of $6 billion. The report said Warburg Pincus newly led the round, with L Catterton and Temasek participating, alongside existing investors.
2020
Yuanqi Forest launches Alien energy drink
Yuanqi Forest launched the Alien energy drink on May 10. The product was offered in three flavors and was described as sugar-free and carbonated, with no added artificial caffeine.