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