InfoAnda - China drinks maker wins legal battle with PepsiCo

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World China drinks maker wins legal battle with PepsiCo AFP - 1 hour 27 minutes ago Send IM Story Print China drinks maker wins legal battle with PepsiCo Slideshow: Full Photo Coverage: Business & Economy BEIJING (AFP) - – A Chinese soft drinks maker has won a lawsuit against the local unit of PepsiCo over claims it had illegally used its recipes and business secrets, state media said Thursday. A court last Friday ordered PepsiCo China Investment Co to stop selling Tianfu Cola and to return the recipe to the Chinese company, the Shanghai Daily said. But the court in the southwestern mega-city of Chongqing rejected Tianfu's demand for one million yuan (150,000 dollars) in compensation from its former joint venture partner, the report said. Tianfu and PepsiCo formed a tie-up -- Chongqing Pepsi-Tianfu Beverage Co -- in 1994 to make soft drinks under the names of both companies, the report said. But Tianfu sold its 40 percent stake in the joint venture to PepsiCo in 2006 for 130 million yuan because it was losing money. The Chinese company launched its action in October last year. PepsiCo, the maker of Pepsi soft drinks, was not immediately available for comment. Tianfu general manager Qian Huang was quoted by the Global Times saying he planned to take further legal action against PepsiCo seeking "trademark loyalties and compensation for the devalued Tianfu trademark". PepsiCo announced in May it would invest 2.5 billion dollars in China over the next three years in new plants, research facilities and promotional activities. It also planned to increase its range of Chinese-designed and developed products, the company said. Recommend Send IM Story Print Related Articles Japan growth revised higher, risks ahead: analysts AFP - 18 minutes ago Qantas: new A380 delivery delayed over 'anomaly' AFP - 22 minutes ago US-BUSINESS Summary Reuters - 26 minutes ago Special Report: The Chinese consumer awakens Reuters - 27 minutes ago S.Korea c.bank holds rates but still in tightening mode Reuters - 32 minutes ago News Search Top Stories Pressure mounts on states boycotting Nobel ceremony NASA, SpaceX giddy over historic orbit launch Europe freezes as fresh snow causes travel chaos Eurogroup head attacks 'un-European' Germany Private space capsule splash lands in Pacific: NASA More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Elizabeth Edwards dies of cancer Study links receipts, cash to cancer and obesity Retired French electrician says heir to second Picasso trove Russian satellites crash into Pacific: space official Bank of America admits fraud in US antitrust case More Most Viewed » NASA finds new form of life... on Earth World leaders scramble for funds to save the tiger US, S.Korea plan war games after N.Korean attack Defiant Obama defends tax cuts, eyes 2012 More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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