On March 24, Hangzhou Wahaha E-commerce Co., Ltd. was established with a registered capital of 200 million yuan. It is 100% owned by Wahaha Commercial Co., Ltd.
Data shows that the new company's business scope includes food business; Video Internet sales; Value-added telecommunications services in the first category; Category II Value-added telecommunications services; Health food marketing; Sales of infant formula milk powder; Daily provisions sales; Sales of communications equipment;Sales of electronic products; General items; Wholesale of cosmetics; Cosmetics retail, etc.
E-commerce can be seen as another channel for the development of traditional retail enterprises. Wahaha also needs to adapt to such a change, especially during the epidemic this year. Many traditional retail enterprises have moved online to expand channels and seek new breakthroughs.
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