Pepsi to invest another US$850m in China
We will invest another US$850 million in China, especially boosting spending in China’s central and western markets
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“We will invest another US$850 million in China, especially boosting spending in China’s central and western markets,” Zhu Huaxu, president of Pepsi’s China subsidiary, told reporters.
He did not elaborate on how the money would be used.
Pepsi, had spent US$1 billion in China by the end of last year.
BEIJING, Tues: US soft drink giant PepsiCo said today it plans to invest another US$850 million (US$1 = RM3.75) in China over the next three years, with the focus on the under-developed western and central regions.
“We will invest another US$850 million in China, especially boosting spending in China’s central and western markets,” Zhu Huaxu, president of Pepsi’s China subsidiary, told reporters.
He did not elaborate on how the money would be used.
Pepsi, had spent US$1 billion in China by the end of last year.
