Japan's leading beer company Asahi announced that the company plans to sell its entire 19.99% stake in the Chinese beer maker Tsingtao.Read More
Food & Beverage
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.
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…
American fast food China McDonald's is set to be acquired in China by a consortium.
Chinese online classified information and group buying provider Meituan Dianping announced new personnel appointments.
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 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.
Yankershop, a Chinese snack food provider, is investing USD8 million to set up a subsidiary in Vietnam.
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.
Swedish start-up company Wheelys recently opened an unmanned convenience store which is controlled by app in Shanghai.