In a move to enhance its image among sports fans in China, Wahaha in January said it would become the official beverage partner of the Manchester United soccer team in the country.

FORBES: Zong Qinghou

Recently used Net savvy to snag Brazil's national soccer team and Manchester United as IMG clients.

FORBES: Proving their net worth

Elsewhere in sports only Manchester United, the U.K. soccer team, carries a billion-dollar price tag.

FORBES: Unlikely Dynasty

Vodafone has already withdrawn from other big sports sponsorship deals in the past decade, including with the English national cricket team and English soccer club Manchester United.

WSJ: Vodafone to End F1 Sponsorship