Zong Qinghou, the rags-to-riches founder of one of China’s biggest beverage makers, has died. The self-made billionaire, who was once China’s richest man, died of an illness on Sunday at the ...

Wahaha's expansion is no laughing matter By Paula M. Miller (China Business Review) Updated: 2007-06-08 09:34. Third, the company frequently uses celebrities to promote its products.

Now it is her task to revive Wahaha Group’s sales, which peaked at 78 billion yuan ($11 billion) in 2013. Her father clinched the crown of China’s richest man in 2010 with a net worth of $8 ...

Zong Qinghou founded Wahaha’s predecessor in 1987 with a $22,000 family loan and turned it into a multibillion-dollar business in the boom years that propelled China’s middle class.

Zong Qinghou, the rags-to-riches founder of Chinese beverage maker Wahaha and once the richest man in the country, has died.

That’s based on Qinghou’s 29.4% stake in Wahaha — official records haven’t been updated since his death — and Kelly’s 100% ownership in Hongsheng Group, a beverage and packaging ...

He established Wahaha in 1987 and built it into a beverage giant whose drinks are a fixture in shops and kiosks across China. In 2010, Zong was listed by Forbes magazine as China's richest person ...

IN 2024, beverage producer Wahaha Group paid 2.4 billion yuan in salaries to its frontline workers, a 20 percent year-on-year increase, according to a report by The Paper on Thursday.

Zong Qinghou, the rags-to-riches founder of one of China’s biggest beverage makers, has died. The self-made billionaire, who was once China’s richest man, died of an illness on Sunday at the ...