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…
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