Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
UK Starting Salaries See Strongest Growth in 18 Months as Hiring Sentiment Improves 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Australian Household Spending Dips in December as RBA Tightens Policy 
CJ CheilJedang Corporation has sold its shares in Sichuan Jixiangju Food, a Chinese food production company, for KRW300 billion or about $235.8 million. The South Korean firm said on Monday, July 31, that it has unloaded all of its 60% shares in the China-based company.
CJ CheilJedang bought a total of 60% stake in Sichuan Jixiangju Food on two occasions. The first was in 2011, and the second was in 2016. The company invested $38.5 billion for the combined purchases, as per Yonhap News Agency.
It was reported that Sichuan Jixiangju Food is one of the two Chinese food companies that CJ CheilJedang owns and operates in China. The other firm is CJ Qingdao Foods which is focused on the production and distribution of its own Korean food products.
With the removal of Sichuan Jixiangju Food from its portfolio, CJ Cheiljedang said it will now put more time and effort into the expansion of its food business in China. Its CJ Qingdao Foods unit will release various K-food items, including dumplings, fried chicken, rolls, kimchi, Korean sauces, seaweed, and rice.
Aju Business Daily reported that before the food business unit of the CJ Group sold Jixiangju, it had already reached sales of around KRW291 billion. But even so, the company is determined to work more on its Korean food business; thus, the sell-off plans pushed through.
CJ CheilJedang said its Chinese subsidiary was sold to several investors instead of just one. It refused to name the buyers but shared that one of them is the second largest stakeholder of Sinchuan Jixiangju.
"We are unable to provide the names of buyers as we have agreed to not reveal them," the company’s spokesperson, Bae Gee Yo, told Aju Business Daily.
Photo by: CJ CheilJedang Website
