PepsiCo reported a 26% jump in its China sales in 2004 and said that it planned to maintain double digit sales growth in 2005 as it battles to gain ground on market-leader Coca-Cola. According to Pepsi, China is already its third largest market accounting for some 4% of its global revenue, although it still lags well behind the 57% market share held by Coca-Cola. Pepsi's China boss Wah-Hui Chu said that with China still lagging well behind Europe, North America and much of the rest of Asia in per-capita consumption of fizzy drinks, he saw huge potential for growth. The news came as the Shanghai Daily reported that Pepsi's latest marketing venture would involve placing live girls in miniskirts inside transparent vending machines in downtown Shanghai to lure consumers.
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