Danone's Actions in China 1. Since entering China in 1987, Danone has acquired stakes in at least seven leading Chinese food and dairy companies, including Shanghai-based Bright Dairy & Food Co., Shenzhen Health Food Co., Guangdong Robust Group and Shanghai Aquarius Drinking Water Corp.
2. In 2000, Danone bought 92 percent of Wahaha's biggest rival, Guangdong Robust Group, which Wahaha says cost it market share and the loss of 49 million yuan in profit that year.
3. In Apirl 2005, Danone bought a 45.2 percent stake in Shanghai-based Bright Dairy and Food Co. and a 22 percent stake in Beijing-based Huiyuan Juice Holdings Co.
4. In December 2006, Danone set up a joint venture with Mengniu Dairy Co., China's largest liquid milk producer, in which it owns a 49-percent stake.
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Latest Introductions of Wahaha and Danone About Wahaha: Starting off as a factory in a small school, Wahaha has grown into a conglomerate that produces more than a dozen of products, including bottled mineral water, dairy products and juice packs.
About Danone: Starting off as two glass companies in 1966, French food giant Group Danone SA has made some 40 acquisitions in Asia, Latin America, Central Europe, Africa and the Middle East. Today, it employs 89,449 people in more than 120 countries. In 2004, it recorded sales of 13.7 billion euros.
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