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Want Want Holdings Limited (Want Want; ) is a food manufacturer from
Taiwan Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the nort ...
. It is one of the largest
rice cake A rice cake may be any kind of food item made from rice that has been shaped, condensed, or otherwise combined into a single object. A wide variety of rice cakes exist in many different cultures in which rice is eaten and are particularly preval ...
and flavored drink makers in Taiwan. It engages in the
manufacturing Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a r ...
and
trading Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exchan ...
of
snack foods A snack is a small portion of food generally eaten between meals. Snacks come in a variety of forms including packaged snack foods and other processed foods, as well as items made from fresh ingredients at home. Traditionally, snacks are p ...
and
beverages A drink or beverage is a liquid intended for human consumption. In addition to their basic function of satisfying thirst, drinks play important roles in human culture. Common types of drinks include plain drinking water, milk, juice, smoothies a ...
, divided into four businesses: rice crackers, dairy products and beverages, snack foods (candies, jellies, popsicles, nuts, and ball cakes), and other products (mainly wine). It operates over 100 manufacturing plants in
mainland China "Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater China. ...
and 2 in Taiwan, and employs over 60,000 people.


History

In 1962, Want Want began operations in the name of I Lan Foods Industrial Company Limited () in
Yilan County, Taiwan Yilan County, alternately spelled I-lan, is a County (Taiwan), county in northeastern Taiwan, Republic of China. Name The name ''Yilan'' derives from the Taiwanese indigenous peoples, indigenous Kavalan people. Other former names in referenc ...
, which manufactured canned
agricultural Agriculture or farming is the practice of cultivating Plant, plants and livestock. Agriculture was the key development in the rise of Sedentism, sedentary human civilization, whereby farming of Domestication, domesticated species created food ...
products. It was founded by Tsai Eng-meng's father, Jonathan Shuai Qiang Ng. Tsai Eng-meng took over his father's food business at the age of 19 and came up with a new product—crackers made from rice flour. 1983, it collaborated with Iwatsuka Confectionery Company Limited, one of the top three Japanese
rice cracker A rice cracker is a cracker made from rice. Types by region Japan *, a dry Japanese confectionery made from rice. **Arare (food), a bite-sized Japanese rice cracker *** ''Oriibu no hana'' ('olive flower') **Senbei **Kaki no tane ** Katabutsu, ...
makers, to develop a rice cracker market in Taiwan. In return, Iwatsuka obtained 5% of the common stock of the company. In 2009, Iwatsuka's share in Want Want was valued at about , nearly three times as much as Iwatsuka's own market value of . 1987, it became the first Taiwanese operator to apply for the registration of the "Want Want"
trademark A trademark (also written trade mark or trade-mark) is a type of intellectual property consisting of a recognizable sign, design, or expression that identifies products or services from a particular source and distinguishes them from others ...
in China. In 1992, it started its business in
Mainland China "Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater China. ...
. In 1994, it commenced its first
production Production may refer to: Economics and business * Production (economics) * Production, the act of manufacturing goods * Production, in the outline of industrial organization, the act of making products (goods and services) * Production as a stati ...
plant in
Changsha Changsha (; ; ; Changshanese pronunciation: (), Standard Mandarin pronunciation: ) is the capital and the largest city of Hunan Province of China. Changsha is the 17th most populous city in China with a population of over 10 million, an ...
,
Hunan Hunan (, ; ) is a landlocked province of the People's Republic of China, part of the South Central China region. Located in the middle reaches of the Yangtze watershed, it borders the province-level divisions of Hubei to the north, Jiangxi to ...
. 1996, it was listed on the
Singapore Stock Exchange The Singapore Exchange Limited (SGX) is a Singaporean investment holding company that provides different services related to securities and derivatives trading and others. SGX is also a member of the World Federation of Exchanges and the Asian ...
under the name Want Want Holdings Pte Ltd. 2007, Want Want Holdings Pte Ltd was
delisted In corporate finance, a listing refers to the company's shares being on the list (or board) of stock that are officially traded on a stock exchange. Some stock exchanges allow shares of a foreign company to be listed and may allow dual listing, sub ...
from the Singapore Stock Exchange. In 2008, its
subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...
,
Want Want China Holdings Limited Want Want China Holdings Ltd. is a subsidiary of Want Want Holdings Limited (Want Want; Chinese: 旺旺集團有限公司; pinyin: Wàngwàng Jítuán Yǒuxiàn Gōngsī). It is one of the largest rice cracker and flavored drink manufacturer in ...
, was listed on the
Hong Kong Stock Exchange The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...
. 2008, Want Want China Holdings Ltd. was listed on the Main Board of the Hong Kong Stock Exchange Limited. HKEX STOCK CODE 0151. 2011, Want-Want China Holdings Ltd. was ranked one of the top choice of stocks to buy on the Hang Seng index. 2009, Want Want purchased ''
China Times The ''China Times'' (, abbr. ) is a daily Chinese-language newspaper published in Taiwan Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pa ...
,'' as well as
China Television China Television Company, Ltd. (CTV; ) (Formerly called Taiwan Daytime TV (TDT) in 1969-1975) is a television broadcasting company based in Taipei, Taiwan. It was established on September 3, 1968, by the then-ruling Nationalist Party (KMT) of ...
(CTV) and
CtiTV Chung T'ien Television (CTi TV; ), is a nationwide cable TV network based in Taiwan. It belongs to Want Want China Times group, which also owns China Television (CTV). History Founded in 1994, CTi TV was originally called the Chinese Television ...
in 2009. 2014, Want Want China Holdings Ltd. won the Largest Food and Beverage Enterprise Award in the Global Top 1000 Chinese Entrepreneurs by Asia Business Week. President Tsai Eng-Meng was ranked Top 100 CEO appraised by Harvard Business Review Magazine. 2015, Want Want China Holdings Chief Operating Officer, Matthew Tsai, was honored with the "Chinese F&B Association of Science and Technology Innovation Award: Notable Youth Award." Want Want proudly obtains the title of "Consumer's Favorite Brand of 2015" for both the food industry and beverage industry. 2017, Want Want China Holdings Ltd. was selected as one of the top 20 international brands in Taiwan. 2020, Want Want China continued to receive third place for 12 consecutive years in Taiwan's Top 25 International Company Brands.


Logo

The logo of Want Want is a boy that is wearing blue overalls. He sometimes has red cheeks, and is on all of the Want Want products, usually in a small print. The boy's tongue is shaped like a heart. Most of the time, his eyes are looking up.


Controversy

Want Want has faced repeated accusations of close links to the
Chinese Communist Party The Chinese Communist Party (CCP), officially the Communist Party of China (CPC), is the founding and One-party state, sole ruling party of the China, People's Republic of China (PRC). Under the leadership of Mao Zedong, the CCP emerged victoriou ...
and has received subsidies from the
Chinese government The Government of the People's Republic of China () is an authoritarian political system in the People's Republic of China under the exclusive political leadership of the Chinese Communist Party (CCP). It consists of legislative, executive, mili ...
. ''The'' ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
'' reported that these ties include coordination with the Chinese government's
Taiwan Affairs Office The Taiwan Affairs Office of the State Council is an administrative agency under the State Council of Mainland China. It is responsible for setting and implementing guidelines and policies related to the Republic of China (Taiwan), as stipulate ...
. In November 2019,
Wang Liqiang Wang Liqiang (), or William Wang, is a Chinese defector to Australia and self-proclaimed former spy. In November 2019, Wang sought political asylum in Australia, claiming to be a spy who was involved in the People's Republic of China's interven ...
, a self-proclaimed Chinese spy who defected to Australia, claimed that the Want Want China Times Group's media brands
China Television China Television Company, Ltd. (CTV; ) (Formerly called Taiwan Daytime TV (TDT) in 1969-1975) is a television broadcasting company based in Taipei, Taiwan. It was established on September 3, 1968, by the then-ruling Nationalist Party (KMT) of ...
and
Chung T'ien Television Chung T'ien Television (CTi TV; ), is a nationwide cable TV network based in Taiwan. It belongs to Want Want China Times group, which also owns China Television (CTV). History Founded in 1994, CTi TV was originally called the Chinese Televisio ...
had received Chinese funding in return for airing stories unfavorable of the Taiwanese government and sought to influence the upcoming 2020 election. The Want Want China Times Group denied these allegations.


See also

*
List of companies of Taiwan Taiwan maintains a stable industrial economy as a result of economic growth and industrialization during the late 20th century, being dubbed as one of the Four Asian Tigers along with Hong Kong, Singapore and South Korea. It is a member of both ...
*
Want Want China Want Want China Holdings Ltd. is a subsidiary of Want Want Holdings Limited (Want Want; Chinese: 旺旺集團有限公司; pinyin: Wàngwàng Jítuán Yǒuxiàn Gōngsī). It is one of the largest rice cracker and flavored drink manufacturer in ...
*
I-Mei Foods I-Mei Foods () is a Taiwanese food company founded in 1934. It is a well-known consumer brand in Taiwan and a major milk processor. History I-Mei was founded as a traditional Taiwanese confectionary specializing in pineapple cakes and mung ...


References


External links

* {{Official website Manufacturing companies based in Taipei Food and drink companies established in 1962 Food and drink companies of Taiwan Multinational companies Taiwanese brands 1962 establishments in Taiwan Rice crackers