Coca-Cola to keep investing in Chinese market on sales expansion

Rising volume: Bottles of Coca-Cola sit on the shelves of a store in Beijing. The beverage maker had a very strong first quarter last year in China. — AFP

BEIJING: The Coca-Cola Company said it is committed to investing in China, highlighting key occasions and the sparkling sectors, as the nation drove the US beverage giant’s global unit case volume growth in the fourth quarter of 2023, with strong momentum seen in the juices and coffee sector.

Coca-Cola said recently it posted a 7% year-on-year increase in revenue to US$10.85bil in the fourth quarter, and a 10% rise in operating income to US$2.27bil.