Zong Qinghou
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Zong Qinghou

Zong Qinghou
Zong Qinghou
The latest news on Zong Qinghou, founder, chairman and CEO of the Hangzhou Wahaha Group, including China business news.
Born
16 Nov 1945
Industry
Business
Job Title
Founder of Wahaha Group
Wahaha heiress Kelly Zong Fuli. Photo: Ifeng.com
China’s private sector

Kelly Zong steps down as Wahaha chief amid bitter inheritance feud

The succession drama at Wahaha has entered a new phase, with heiress Kelly Zong relinquishing her top roles at the beverage giant.

Wealth management

Wahaha ‘secret family’ feud a wake-up call for wealthy Chinese

Wealth management

Exclusive | Goldman Sachs highlights legacy planning amid huge generational wealth transfer

China society

Opinion | Entrepreneur scandals reveal the limits of nationalism as a brand

Chinese don’t need their country’s business leaders to be icons of morality and national pride. But they would like some accountability.

videocam
Zong Qinghou, founder of Wahaha Group, attends a conference in Hangzhou, Zhejiang province on September 18, 2013. Photo: AFP
Millionaires and billionaires

Hong Kong court freezes US$1.8 billion HSBC account in Wahaha inheritance fight

The three extramarital children of the late Wahaha founder Zong Qinghou sued their half-sister Kelly Zong Fuli over the inheritance.

Family offices

Why are more wealthy mainland companies coming to Hong Kong for mediation?

An increasing number of wealthy mainland families are coming to Hong Kong for mediation services.

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Wealth management

Explainer | Why family feud at Wahaha is no laughing matter for China’s private businesses

At stake is succession planning at Wahaha, China’s biggest privately owned soft drink bottler with US$7.2 billion of sales in 2022.

Wahaha’s brand and logo displayed in a smartphone. Photo: Getty Images
Wealth management

Wahaha heiress’ inheritance battle puts Chinese family firms in spotlight

Lawsuits raise questions about corporate governance amid pressure from shaky economy and keen competition, analysts say.

Nongfu Spring

Billionaire founder of China’s Nongfu Spring pledges to end price war

Low prices are destroying the quality of Chinese products and undermining the economy, tycoon says.

Millionaires and billionaires

Wahaha heiress Kelly Zong back steering Chinese drinks giant

Zong is now legal representative, president and general manager, all positions held by her late father and founder of Hangzhou Wahaha Group.

Kelly Zong Fuli started her career at one of Wahaha’s factories as her late father began to prepare her for more management responsibilities at the company he founded. Photo: ifeng.com
Millionaires and billionaires

China Wahaha heiress Kelly Zong Fuli back at helm after ‘friendly negotiations’

Kelly Zong Fuli, heiress of once China’s largest soft drink producer, returns to the helm after resigning last week, following “friendly negotiations” with shareholders.

Zong Fuli. Photo: Wahaha
Millionaires and billionaires

Wahaha heiress Kelly Zong Fuli quits 5 months after founder father’s death

In an internal letter, Zong blames her resignation on the district government and some shareholders who questioned her legitimacy as the company’s leader.

China economy

Letters | Why the death of a Chinese billionaire sparked public mourning

Readers discuss the reaction to the passing of the founder of Wahaha Group, and the slaughter of donkeys for an in-demand product in China.

China society

Editorial | Wahaha chief blazed trail for entrepreneurs

The beverage giant founder Zong Qinghou, one of China’s Mao era ‘sent-down youth’, cut a pathway for business leaders who followed as the country modernised.

Zong Qinghou. Photo: Visual China Group via Getty Images
Obituaries

Zong Qinghou, Chinese billionaire founder of Wahaha beverage group, dead at 79

Zong Qinghou turned a small drinks distributor into a beverage conglomerate that bested French partner Danone to dominate the China market.

6
Zong Qinghou, chairman of Hangzhou-based Wahaha Group, attended the 30th anniversary of Wahaha Group at Zhejiang University in November 2017 in Hangzhou. Photo: Handout

Man held after China’s second richest man Zong Qinghou injured in knife attack

Wahaha boss urges tax cuts to lift growth

Zong Qinghou, chairman of Hangzhou Wahaha Group yesterday said the company plans to open at least 100 shopping centres across the mainland over the next three to five years.

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Britain

Opinion | China's richest man 'snubs Queen Elizabeth, David Cameron'

Zong Qinghou talks with journalists after a press conference in Hangzhou in 2007. Photo: AP

Stay out of politics, billionaire Zong Qinghou warns Chinese entrepreneurs

Heiress Zong Fuli says money can't buy her love

Billionaire’s daughter: I'm rich and boyfriendless

What is like to be the daughter of China’s wealthiest man? 'Rich and boyfriendless', according to the only daughter and heiress of beverage tycoon and billionaire Zong Qinghou.

Zong Fuli and Zong Qingho. Photo: screeshot from Weibo.
Baidu

China's top 100 rich-list fall in value

Wahaha chairman Zong Qinghou topped the Forbes China rich list with an estimated wealth of US$10 billion. Photo: Bloomberg

Beverage tycoon tops Forbes' China rich list

Beverage tycoon Zong Qinghou regained his position as China’s richest man this year, Forbes magazine said on Friday, but the global economic slump took its toll on other billionaires.

Wahaha seeks global acquisitions

Soft drink maker emerges as mainland's richest man

Zong Qinghou

Water tycoon still keen to expand, despite setbacks

Baidu

A good week for ...

Drinks boss defends his stand on charity

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