Japan's Asahi To Sell Entire Stake In Tsingtao
Japan's leading beer company Asahi announced that the company plans to sell its entire 19.99% stake in the Chinese beer maker Tsingtao.
Food & Beverage
Functional Drink Brand Celsius To Enter China Via E-commerce Agency
Functional drink brand Celsius, which previously gained investment from the Hong Kong tycoon Li Ka-shing, announced that the company will cooperate with Qifeng Food Technology (Beijing), an e-commerce agency, to enter the Chinese market.
Uni-President Ends JV Partnership With Starbucks In China
Starbucks and Uni-President jointly announced that Starbucks will invest about USD1.3 billion in cash to acquire the remaining 50% stake in President Starbucks Coffee Shanghai Co. Ltd., the two parties' joint venture in the East…
CITIC, Carlyle To Complete Acquisition Of McDonald's China And Hong Kong Businesses
American fast food China McDonald's is set to be acquired in China by a consortium.
Meituan Dianping Announces New Personnel Appointments
Chinese online classified information and group buying provider Meituan Dianping announced new personnel appointments.
China's Yili To Acquire American Organic Yogurt Brand For USD850 Million
Chinese dairy company Yili is bidding to buy Stonyfield, one of the top organic yogurt manufacturers in the U.S. and a holding subsidiary of the French dairy giant Danone.
Yum China Buys Chinese Food Delivery Company
Yum China is betting that more consumers will continue to order Pizza Hut and KFC food via their smartphones for speedy delivery to their homes and work.
Chinese Snack Company To Build Subsidiary In Vietnam
Yankershop, a Chinese snack food provider, is investing USD8 million to set up a subsidiary in Vietnam.
Coca-Cola's Changsha Plant Starts Production
Coca-Cola's new factory in Mao Zedong's hometown of Changsha, which is the company's largest factory in central China with nine planned product lines, recently started production.
Sweden's Wheelys Starts Trial Operation Of Unmanned Convenience Store In Shanghai
Swedish start-up company Wheelys recently opened an unmanned convenience store which is controlled by app in Shanghai.