PepsiCo to 'continue investing' in Chinese market

US food and beverage company PepsiCo vows to further expand its presence in China while staying committed to accelerating its investment in the country, aiming to provide consumers with higher-quality products with more health options, and create a positive impact on society and the environment.

"PepsiCo will continue investing in the country while seeking innovative solutions that drive efficiency and growth, and create greater business linkages," said C.D. Glin, global head of social impact of PepsiCo, on the sidelines of the World Economic Forum's 15th Annual Meeting of the New Champions, or 2024 Summer Davos, last week.

"We envision being in China for decades more after being here for 43 years. We want to continue growing our business by helping communities thrive, which aligns our social impact with our business priorities, and we also want to create business opportunities in the country," said Glin.