BRIEF: Wahaha to rebrand its drinks amid ongoing shareholder conflict
Wahaha Group, one of China’s largest beverage companies and most famous brands, has launched a campaign to gradually replace its namesake brand with the new “Wa Xiao Zong” starting from…
Can CR Beverage turn the tide after losing brutal water fight?
Less than a year after its Hong Kong IPO, the bottled water maker’s revenue tanked nearly 20% in the first half of the year amid aggressive tactics by archrival Nongfu…
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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