China’s largest beverage producer Hangzhou Wahaha Group Co Ltd is planning to set up a new factory to expand the production of industrial robots as part of a business transformation. The value of the investment was not revealed, but Chairman Zong Qinghou told China Daily the figure could be significant. “Besides sticking to our main business
Beverage behemoth Hangzhou Wahaha Group Co’s sales revenue is likely to fall another 10 percent in 2015, as the company struggles to maintain growth amid a slowing economy and changing consumer tastes, the China Business Journal reported on Saturday. If the newspaper’s report turns out to be correct, it will be the second straight year
China’s Hangzhou Wahaha Group is interested in cooperation with Belarus, Chairman of the Board and CEO Zong Qinghou said as he met with Belarus’ Deputy Economy Minister Alexander Yaroshenko in Minsk on 10 April, BelTA learned from the press service of the Economy Ministry. The Chinese delegation was provided with the information on possible scientific,
Zong Qinghou, chairman of the Hangzhou Wahaha Group, China’s largest beverage company, said recently that he is fed up with internet rumors. During this year’s National People’s Congress, Zong complained that his company suffered a 5 billion yuan (US$797 million) decline in sales last year due to an internet rumor about Nutri-Express, a popular milk-based
The World’s biggest football club, Manchester United, yesterday announced a new sponsorship with Chinese soft drinks manufacturer Wahaha. The new three year deal will see the popular drinks brand become the Club’s first Official Soft Drinks Partner in China. Wahaha has been the largest beverage producer in China for the past 11 years, with branded
OVERVIEW Hangzhou Wahaha Group: Founded in 1987 in Zhejiang province, Wahaha (the sound of laughter in Chinese) is China’s largest beverage company. The company has over 150 subsidiaries in 29 provinces, with total assets of 30 billion yuan [US$4.83 billion] and 30,000 employees (as of early 2013). The company produces milk drinks, carbonated soft drinks,