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Red Bull plans drinks sales in China

VIENNA, Austria -- Red Bull is planning to launch its best-selling energy drink in China after gaining the necessary permissions, and is building an office in Shanghai, Austria's Kronen Zeitung reported.

The newspaper cited the Austrian company - whose activities span extreme sports sponsorship, Formula One motor racing and media - as confirming the move.

“The aim is a selective distribution of Red Bull, limited to urban areas and a target group that knows the brand from abroad. We want to develop a feel for the market and the consumers," Kronen Zeitung quoted the company as saying.

Privately owned Red Bull did not immediately respond to a request from Reuters for comment.

The company, based near Salzburg, sold 5.2 billion cans of its Red Bull energy drink last year and made sales of $6.7 billion.

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