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China Business news

The local court in Chongqing, the municipality in China's southwest, ruled that Pepsi stop using and return the secret formula and production techniques owned by its former Chinese partner Tianfu Cola. Pepsi is supposed to enforce the ruling within 10 days. But the court did not support Tianfu's claim for 1 million yuan in damages. Tianfu said the lawsuit over the business secret was only the first step. More legal actions will follow, and there is a plan to re-launch the brand. Before ...

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