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PepsiCo (PEP -0.2%) opens a R&D center in Shagnhai to serve as a hub for product...

PepsiCo (PEP -0.2%) opens a R&D center in Shagnhai to serve as a hub for product development. The $40M spend on the facility is called a "game-changer" by a local PepsiCo exec with the primary goal of the company being an increased ability to cater products to local tastes in China.
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