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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
The late Zong Qinghou, billionaire founder of soft-drink giant Wahaha Group, pictured in 2017. An inheritance dispute within his family has shed light on the wealth tycoons transfer to overseas accounts. Photo: Getty Images
Wealth management

China targets offshore trusts – including Hong Kong’s – amid tax overhaul

Beijing’s new tax rules aim to close loopholes and boost fiscal revenue amid slowing economic growth and rising fiscal burdens.

China’s private sector

Kelly Zong steps down as Wahaha chief amid bitter inheritance feud

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

For family-owned firms in Asia-Pacific, legacy planning is crucial to ensure business sustainability, US bank’s Carra Cote-Ackah says.

Goldman Sachs’ head of philanthropy engagement Carra Cote-Ackah said the US investment bank aimed to provide the best resources to clients in Asia to deal with legacy planning. Photo: Jonathan Wong
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
Millionaires, billionaires and trillionaires

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.

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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.

A view of the skyline of Hong Kong Island across the Victoria Harbor from the Hong Kong Museum of Arts in Tsim Sha Tsui on August 11, 2023. Photo: Jelly Tse
Wealth management

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.

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.

Zhong Shanshan is China’s richest man and the founder of bottled-water giant Nongfu Spring. Photo: @newmoney_gr/Instagram
Millionaires, billionaires and trillionaires

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, billionaires and trillionaires

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.

Millionaires, billionaires and trillionaires

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.

People pay their respects and place bouquets outside the headquarters of Wahaha following the death of its founder Zong Qinghou, in Hangzhou in eastern China’s Zhejiang province on February 26. Photo: AFP
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

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

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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.

Zong Qinghou. Photo: AFP
Britain

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

Stay out of politics, billionaire Zong Qinghou warns Chinese entrepreneurs

Heiress Zong Fuli says money can't buy her love

Zong Fuli, 30, with her dad, Zong Qinghou. Photo: SCMP

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

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 ...

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