Lin Shengzhi, CEO of Shanghai Chamate Company Ltd., has revealed that Chamate plans to open another 30 retail tea dining outlets in 2011 and the central China and west China will be the next key development regions.

Sugary drinks for the Chinese populace were on the menu last week for Muhtar Kent, chairman and CEO of The Coca-Cola Company, as he announced three new bottling plants in Hohhot, Luohe and Sanshui, respectively.

Japanese beer manufacturer Asahi Breweries has announced that it plans to become one of the world's top ten food companies, through acquisition and by expanding its business in China.

Tingyi (Cayman Islands) Holding Corporation, which owns the Master Kong brand, has published its financial results for the third quarter of 2009 stating that its net profit increased by 60%, a record-high growth for an individual quarter.

Hangzhou based Chinese beverage company Wahaha has published its financial report for the first quarter of 2009 and states that its revenue increased by 37.22% year-on-year to CNY10.3 billion, a record-high increase over the past 22 years.

According to Fu Mengxi, vice president for Wal-Mart (China) Investment Co., Ltd., the company will open a new Sam's Club in Pudong, Shanghai in 2009.