China

Hangzhou Wahaha Group Co., Ltd. was founded in 1987. It is the largest food and beverage manufacturer in China and the fifth largest in the world. It has been in sales revenue, profit, profit and tax and other indicators for 11 consecutive years. Ranked first in China's beverage industry in 2016, it has become China's largest, most profitable and most potential food and beverage enterprise. In 2010, it ranked 8th among the top 500 private enterprises in the country.

In March 2015, Wahaha Group was involved in the equity transfer of Milan. It is reported that Zong Qinghou will first buy a small amount of shares in Milan, and the shareholding ratio will reach 75% within three years. In August 2016, Hangzhou Wahaha Group ranked 271st among the "Top 500 Chinese Enterprises 2016".

Extended information:

In 1996, in order to achieve the "second entrepreneurship" strategic goal of "higher-grade products, larger production scale, and better management", Wahaha and the French Danone Group implemented Joint venture, a one-time introduction of foreign investment of 43 million US dollars, and the establishment of 5 joint ventures.

Wahaha’s purpose of introducing foreign investment has been very clear from the beginning: to introduce foreign technology and capital, develop the domestic market, complement each other’s advantages and achieve common development. At the same time, four prerequisites for cooperation were agreed with the foreign party: first, the "Wahaha" trademark must be used; second, the production and management rights belong to the Chinese party; third, employees cannot be fired; fourth, the company must bear the responsibility for the salary income of retired workers.

Baidu Encyclopedia-Hangzhou Wahaha Group Co., Ltd.