Tingyi

#2224

Rank

$8.23B

Marketcap

China

Country

Leadership team

Mr. Hong-Ming Wei (Exec. Chairman)

Mr. Yinjang Chen (Chief Exec. Officer)

Mr. Ida Junichiro (Exec. Vice Chairman)

Products/ Services

Food and Beverage, Manufacturing

Headquarters

Tianjin, Guangdong, China

Established

1991

Traded as

0322.HK

URL

https://www.masterkong.com.cn

Overview

Location

Recognition and Award

References

Summary

Tingyi (Cayman Islands) Holding Corp., an investment holding company, manufactures and sells instant noodles, beverages, and instant food products in the People's Republic of China. The company operates through Instant Noodles, Beverages, and Others segments. It offers ready-to-drink teas, juices, milk tea, bottled water, and carbonated soft drinks, as well as coffee drinks/functional drinks/probiotics. The company also provides property rental and management, logistics, management, and support services; and manufactures and sells meat and bakery products. As of December 31, 2021, it operated a sales network of 340 sales offices and 341 warehouses serving 80,726 wholesalers and 256,567 direct retailers. The company was founded in 1992 and is headquartered in Shanghai, the People's Republic of China.

History

The company was founded in Tianjin by the Wei brothers from Changhua County, Taiwan in 1991. It was listed on the Hong Kong Stock Exchange in 1996.It is a wholly owned subsidiary of Ting Hsin International Group.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.In June 2011, Master Kong was recognized by market research firm, TNS, to be the second most valued brand in China.As of 2013, its main competitors are Want Want China and Uni-President.In 2014, Master Kong was facing the food safety problem in Taiwan.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.

Mission

Our mission at Tingyi is to bring the joy of food to people's lives through tasty, healthy and convenient products that are of the highest quality. We strive to create a culture of care, trust and progress that enables our employees to reach their full potential and achieve great things together.

Vision

Our vision is to be a global leader in the food and beverage industry and to be the first choice for F&B products in every home. We want to create and maintain a culture that enables us to foster trust, care and innovation in our people, and in the communities in which we are present.

Key Team

Mr. Koji Shinohara (Exec. Director)

Mr. Jammy Xu (Chief of Admin. Officer)

Mr. Joey Chen (Chief Customer & Marketing Officer)

Mr. Hong-Chen Wei (Exec. Director)

Mr. Yuko Takahashi (Exec. Director)

Ms. Chien Tseng (Exec. Director)

Mr. Kuo Wei Liu (Chief Financial Officer)

Recognition and Awards

Tingyi has won several awards, including being named “China’s Top Beverage Manufacturer” by Forbes China in 2011, “China’s Best Employer Brand” by HR Asia in 2012, and “China’s Most Admired CSR Company” by the Ministry of Industry and Information Technology of the People’s Republic of China in 2014.