The US private equity KKR has already entered the domestic beverage market. According to the official website of the Chongqing Municipal Administration of Market Supervision, the case of KKR's acquisition of shares in Vision International Co., Ltd. is listed in the “List of Unconditional Approval of Operator Concentration Cases from June 30, 2025 to July 6, 2025”. The case will be completed on July 4, 2025. According to many details, the operating entity behind Envision International is Dayao Drinks. Earlier, several media reported that KKR will acquire 85% of Dayao Soft Drink's shares, and the founder of Dayao may retain a minority interest. As mentioned in the announcement form, KKR received 85% of the shares of Vision International Limited through its newly established special purpose company Dynamo Asia Holdings II Private Limited. Through its affiliated companies, Envision International is mainly engaged in the beverage business in China.

The US private equity KKR has already entered the domestic beverage market. According to the official website of the Chongqing Municipal Administration of Market Supervision, the case of KKR's acquisition of shares in Vision International Co., Ltd. is listed in the “List of Unconditional Approval of Operator Concentration Cases from June 30, 2025 to July 6, 2025”. The case will be completed on July 4, 2025. According to many details, the operating entity behind Envision International is Dayao Drinks. Earlier, several media reported that KKR will acquire 85% of Dayao Soft Drink's shares, and the founder of Dayao may retain a minority interest. As mentioned in the announcement form, KKR received 85% of the shares of Vision International Limited through its newly established special purpose company Dynamo Asia Holdings II Private Limited. Through its affiliated companies, Envision International is mainly engaged in the beverage business in China.