Snack king retains appetite for building bridges

Carlos Chan's Oishi Shanghaojia brand has forged a lasting friendship between China and the Philippines. Willa Wu reports.

The story behind the Oishi Shanghaojia brand, one of the most respected and recognized in China, is a remarkable tale of how the reform and opening-up policy drew foreign investment to the country.

Oishi Shanghaojia is an offshoot of the Oishi brand in the Philippines, which is owned by the Liwayway Group. It was brought to China by Carlos Chan, a Chinese Filipino who is ranked No 21 on Forbes' List of the Philippines' 50 Richest.