Wahaha is a private enterprise. Wahaha was originally the second Chinese medicine factory in Hangzhou, a collective enterprise, and later transformed into a joint-stock enterprise, belonging to a private enterprise. The full name of the company is Hangzhou Wahaha Group Co., Ltd., which was established in 1987. Now it has developed into one of the largest food and beverage production enterprises in China, with top 500 Chinese enterprises, top 500 manufacturing enterprises in China and top 500 private enterprises in China. The business scope of the company includes the production and sales of Wahaha series products, the investment and development of commerce, catering and service industries, and the sales of building materials, metal materials, mechanical and electrical equipment, household appliances, chemical products, computer software and hardware and external equipment, electronic components and instruments.