Core Viewpoint - The launch of "Bull Market" beer by Zhenjiu Lidu is seen as a strategic move, contrasting with Wuliangye's "Fire Wheel" beer, which is more of an attempt to find new growth points. The challenges of transforming beer into a strategic business for liquor companies are significant [1]. Group 1: Market Insights - The craft beer market in China is on the rise, with young consumers favoring "three lows" (low hops, low malt, low alcohol). After deliberation, "Bull Market" was positioned at 5.9% alcohol content [3]. - The decision-making process involved whether to target high-end or mid-to-low-end consumers, ultimately opting for a high-end positioning [3]. - The product development for "Bull Market" took three years, focusing on taste and advocating for aging the beer for 2-10 months before consumption, which contrasts with traditional fresh beer consumption [3]. Group 2: Pricing and Consumer Behavior - The pricing of "Bull Market" is notably high, with a retail price of 88 yuan per 375ml can, leading to concerns about its affordability for consumers [3][4]. - The high price point raises questions about its viability as a gift product, as there are many alternatives available for the same price [5]. - The consumption behavior in high-end business settings may not align with the product's packaging size, as consumers typically drink larger quantities, which could limit repeat purchases [5][6]. Group 3: Strategic Considerations - There is uncertainty regarding whether to maintain a high-end niche strategy or consider repositioning and possibly lowering prices after the initial launch phase [6]. - The experience of the company's chairman, who has prior investment experience in the beer sector, may provide insights into navigating the challenges ahead [6]. - A cautious approach is suggested, allowing "Bull Market" to develop gradually rather than expecting immediate success [7].
赵崇甫：珍酒的“牛市”，大概率是熊市