PepsiCo of the US and Unilever of the UK have become the latest foreign entrance in China's competitive bottled-tea market. The two companies launched Lipton's iced tea in Guangzhou last week in a fifty-fifty venture. PepsiCo is contributing its bottling facilities and distribution networks to the alliance while Unilever provides the famous tea brand and recipe, company executive said. China has a growing bottle tea market estimated to be worth 10 billion yuan. It has been dominated in recent years by two Taiwanese brands: Mas ter Kong and Uni-president. Three other big brands—Nestle, Guangdong-based Jianlibao and Lipton have just entered the market this year. Swiss company Nestle is working in conjunc tion with Coca Cola.
