Round 6: Wahaha Sues Danone. WA HA.. HA?

Tuesday, June 26, 2007 23:14
Posted in category Invest in China

The last couple of months have been interesting as the Danone – Wahaha JV disput has become the talk of town.
In their latest statement, Wahaha said that they:

“We will respond actively to the lawsuits filed by Danone in Stockholm and the United States, and we plan to launch a countersuit demanding compensation of two billion, three billion or five billion euros.”

two billion, three billion, or five billion?? Reminds me of a scene in Austin Powers:

Dr. Evil: “Here’s the plan. We get the warhead, and we hold the world ransomed for…..One MILLION DOLLARS!!”
No.2:”Ahem…Well, don’t you think we should maybe ask for *more* than a million dollars? A million dollars isn’t exactly a lot of money these days. Virtucon alone makes over nine billion dollars a year!”
Dr. Evil:”Really?”
No.2: “Mm-hmm.”
Dr. Evil:”That’s a number. Okay then. We hold the world ransom for…..One hundred..BILLION DOLLARS!!”

In what appears to be an attempt to clean up his image, Zong also released the following statement

“Wahaha is not against the opening-up policy of China, or cooperation with others, or cooperation with foreign investors. However, we want the cooperation to be equal, mutually beneficial, complementary, mutually respectful with equal interest,” the statement said.

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