The Chinese beverage brand Wahaha recently set up a e-commerce platform with 200 million yuan, which would cover sales of health food, infant formula and cosmetics.
Before the setup,Wahaha launched a health beverage with Zhongnan Group.
Zong Qinghou, founder of Wahaha, used to be a critic of e-commerce.Industry analysts say this setup marks a change of attitude of Zong regarding e-commerce business. (Source: baijiaohao.baidu.com)