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Examples
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He prefers market leaders, such as China Mengniu Dairy, whose Hong Kong-listed shares are up 75% so far this year, and China Resources Snow Breweries, a unit of China Resources Enterprise, which is up 54%.
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In Hong Kong, Frank Lai , chief financial officer of China Resources Enterprise, said the plan is to turn the joint venture into a leading beverage group in Greater China.
Kirin to Form Soft-Drink Alliance With Chinese Firm Hiroyuki Kachi 2011
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"Speed is required for us to expand in the vast Chinese market ... so we agreed with China Resources Enterprise to integrate our soft-drink businesses," he said.
Kirin to Form Soft-Drink Alliance With Chinese Firm Hiroyuki Kachi 2011
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Consumer goods-focused conglomerate China Resources Enterprise ended down 11%.
Asia Follows Wall Street Lower; Nikkei Sinks Below 8000 Carlos Tejada 2008
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WMT.N ranked second, with 11.2 percent, followed by China Resources Enterprise 0291.
unknown title 2011
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China Focus's Zhang says retailers such as Hong Kong's China Resources Enterprise, which runs a chain of supermarkets on the mainland, are starting to show interest in its products.
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Wal-Mart competes with French hypermarket chain Carrefour, Britain's Tesco, Germany's Metro AG, China's Sun Art and China Resources Enterprise in a hypermarket sector that is forecast to grow at a compounded annual rate of 10.1 percent between 2010 and 2015, according to Euromonitor.
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Kirin, which faced similar difficulties, formed a soft-drink venture with China Resources Enterprise.
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The changes in menu at Pacific Coffee came after 80 percent of its parent company was bought by China Resources Enterprise -- makers of the wine -- and other companies have found increasing success among Chinese consumers by adapting a similar model.
NYDN Rss 2011
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** Consumer-sector focused China Resources Enterprise said that it had acquired an 80 percent stake in Hong Kong coffee chain Pacific Coffee from Chevalier Pacific Holdings for HK$326. 6 million ($41.97 million).
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