Friday, 14. May 2004

Coming to a Store Near You: Chinese Cola


China's largest beverage maker is going where no other Chinese firm has gone before -- it has shipped the first retail batch of its own cola to the home of the carbonated soft drink, the United States.

Hangzhou Wahaha Group, whose 170,000-bottle shipment is on the way to New York and Los Angeles, will have to slug it out with giants PepsiCo Inc and Coca-Cola Co in the mammoth $64 billion market.

¬> reuters

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