Companies / China
Wahaha Undeterred By Danone Wrangle And Economic Uncertainty
February 2009 | Company Finance AlertLooking to exploit the opportunity presented by an industry that BMI expects to grow by 64.7% in value terms to 2013, Chinese soft drinks producer Wahaha has announced that it intends to double its revenues over the next three to five years. Ambitious, from an already high starting point, even in such a high growth market, Wahaha must first combat the dual short-term challenges of a disruptive running battle with joint venture partner Danone and the impact of a marked economic slowdown on consumer
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