Nongfu Spring founder casts spotlight on destructive price wars plaguing China
Billionaire Zhong Shanshan blamed low-cost e-commerce platform Pinduoduo, as well as short-video site Douyin, for the cutthroat competition Key Takeaways: Nongfu Spring has criticized China’s cutthroat price wars, even as…
BRIEF: China Resources Beverage to raise up to $650 million in Hong Kong IPO
Packaged drinking water maker China Resources Beverage Holdings Co. Ltd. (2460.HK)launched its Hong Kong IPO on Tuesday, offering nearly 348 million shares for sale, including about 38.26 million for local…
Nongfu Spring lands in deep water as price war intensifies
The bottled water giant has waded through a series of online controversies this year, most recently a disputed report about chemical residue in one of its products Key Takeaways: Hong…
PODCAST: A China Bull Market, and Bottled Water Under Fire
After two years of suffering, Chinese stocks are showing some new signs of life. But is this fledgling bull market for real? And China's leading bottled water brand, Nongfu, has come under attack from nationalists for its red bottle caps said to look like the Japanese flag. How big a risk are such attacks, and is the problem worsening?