China’s richest man, Wahaha beverage tycoon Zong Qinghou, proposes tax cuts and monopoly break-ups to reverse slowing economic growth which has alarmed many observers. From Bloomberg “Economic growth will slow down again...
by Liu Yong | Apr 16, 2008
From AFP: The head of China’s largest soft drink maker, Wahaha, which is locked in a bitter feud with estranged French partner Danone, is under investigation for tax evasion, state media said Monday. Wahaha Group chairman...
by Gao Fei | Jun 24, 2007
A story explaining the relationship between Wahaha and Danone- and their eventual falling-out due to “extra-marital affairs”- as a case study for business schools. From The Australian: The first big question facing businesses that want to operate in China is whether they are brave enough or deep-pocketed enough to go it alone, or whether they […]
by Morgan Figuers | Jun 6, 2007
From the International Herald Tribune: Groupe Danone has filed a U.S. lawsuit against businesses linked to Zong Qinghou, the company’s Chinese joint venture partner, accusing them of illicit sales of fruit juice and mineral water. Danone has faced other setbacks in China this year. Last week, customs officials in Shanghai seized about 118 tons of […]
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