Nongfu Spring, a major beverage company, has established a new subsidiary in Yili, Xinjiang, with a registered capital of 10 million RMB. This new entity, Nongfu Spring Tianshan (Yili) Beverage Co., Ltd., will focus on food sales, plastic product manufacturing, and agricultural product processing. The move signifies Nongfu Spring's expansion into the Xinjiang region. AI
RANK_REASON This is a new business entity formation for an existing company, not a core AI development.
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