A cartoon rendering of Warren Buffett's face is appearing on special edition Cherry Coke cans all over China as the billionaire U.S. investor helps launch a beverage the 86-year-old claims is his secret to staying young.
It turns out that the Oracle is quite popular in China and could help the brand's image.
Buffett is so well known in China, when his Berkshire Hathaway began streaming its annual meeting online previous year, it was translated real-time into Mandarin Chinese.
Coke began selling Cherry Coke in China on 10 March.
Newspapers are a relatively small part of Berkshire Hathaway, which owns more than 90 subsidiaries and holds investments in such companies as Coca-Cola Co., Wells Fargo, Apple and IBM.
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All stock trading, filings and market-related information will be reported under the new corporate name and trading symbol. In addition to the name change, the company will be providing free support to police department across the United States.
Warren Buffett is an unequivocal fan of Coca-Cola. Shelly Lin, Coca Cola's marketing director, said as much."We thought of the most creative ways to bring Cherry Coke to China, and there's no better way to celebrate its launch than through its best-known fan".
Buffett has in turn lauded China's "totally miraculous" growth. Finance, Warren Buffett chimed in on his celebrity, saying he owed it to the rising interest of the Chinese in stock trading.
Looks like its gonna take more than a "god" to convert the Chinese market.
I said it would be fine to do it for the first six months after launching the product, Buffett told Yahoo Finance. Warren Buffet once claimed that it's his secret to "staying young". According to CNBC, he said he consumed some 700 calories of Coke a day, and joked he was "about one-quarter Coca-Cola". If there are no problems associated with this and he asks me to continue, I will likely say ok. Blue Bell Private Wealth Management LLC boosted its position in The Coca-Cola by 6.7% in the third quarter. Vetr cut The Coca-Cola from a "strong-buy" rating to a "buy" rating and set a $46.50 target price for the company.in a research note on Monday, November 28th. I drink at least five 12-ounce servings.
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