Wahaha is also one night stand of Dannone and Chinese.
After gaining Dannone core competency, China start to operate a set of parallel companies, and hollow out Dannone joint venture. Chinese court support Wahaha.
Eventually Dannone cash out.
This is quasi confiscation on China style.
There are many many many cases......etc
The French food group will exit its joint venture with the beverage producer Wahaha, settling a dispute that contributed to political tensions between France and China.
www.nytimes.com