Wahaha Flirts With IPO Plan

(Beijing) -- Hangzhou Wahaha Group, a leading beverage producer in China, plans to launch a hypermarket chain this year while considering a public listing, according to company chairman Zhong Qinghou.

Caixin learned that since last year, Zhong has begun plans for a hypermarket chain, shopping malls, and chain supermarkets. The company expects to resume its listing plan through the new business in the stock market. Wahaha has had several unsuccessful IPO attempts in previous years.