Tingyi Holdings expects to receive approval from Chinese regulators "very soon" for its tie-up...

|By:, SA News Editor

Tingyi Holdings expects to receive approval from Chinese regulators "very soon" for its tie-up with Pepsi (PEP). The deal, once approved, will give Tingyi and Pepsi a combined 20% marketshare in China's soft drink market, overtaking Coca-Cola's ~17% marketshare.