FMCG
Nongfu Spring
Bottled water and tea distributed through millions of small mainland outlets.
HKEX: 9633.HK · China · Greater China
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Why this company matters
Nongfu Spring is China's largest packaged water and ready-to-drink tea producer, reaching consumers through a vast network of small independent stores and vending points. Its route-to-market is the reference model for FMCG distribution depth on the mainland.
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