Zong Qinghou

China's richest man is the chairman and majority shareholder of Hangzhou Wahaha Group, a consumer goods company–beverages, food, baby formula–he founded with two retired primary school teachers and a $22,048 loan in 1987. Wahaha, which means "laughing child" in Mandarin, is the third-largest soft drink maker in China, trailing Coca-Cola and Tingyi.

Zong Qinghou News

Mengniu to Buy Modern Dairy Stake to Control Milk Quality

China Mengniu Dairy Co., the country’s largest dairy producer, agreed to buy 26.9 percent of China Modern Dairy Holdings Ltd. for HK$3.18 billion ($409 million) to gain greater control of milk supplies amid food safety concerns in the country.
China’s Richest Man Signs Manchester United Sponsor Deal

Hangzhou Wahaha Group Co., the beverage maker owned by China’s richest man, signed a sponsorship deal with 19-time English soccer champion Manchester United Plc to draw sports fans to its energy drink.
Missing Tycoon Mars Overseas Push of China’s Private Businesses

Even by the standards of China’s rough and tumble breed of entrepreneurs, billionaire Liu Han’s brushes with death mark him out.
China’s Solar Billionaire Undone as Banks Push Suntech to Brink

Shi Zhengrong, once China’s richest man, saw his fortune further unravel yesterday as the solar company he founded allowed its main unit to tip into insolvency.
China's Richest Man to Expand From Drinks to Department Stores

Billionaire Zong Qinghou , whose beverage maker Hangzhou Wahaha Group Co. has made him China’s richest man, said he plans to venture into retailing by opening 100 department stores.
China Bars Suntech’s Shi From Leaving Country, Reports Say

Shi Zhengrong, founder of Suntech Power Holdings Co. Ltd. and an Australian citizen, has been barred from leaving China along with the company’s chief executive officer, David King, while authorities investigate the state of the company’s finances.
Chinese Billionaires Say They’re Seeking Acquisitions Overseas

Chinese billionaires Zong Qinghou, Pony Ma and Liu Yonghao said they’re looking for acquisition and investment opportunities overseas as more of the nation’s companies seek assets to bolster earnings.
China’s Richer-Than-Romney Lawmakers Reveal Reform Challenge

The ranks of China’s ultra-wealthy in its legislature swelled 20 percent this year, highlighting the vested interests that may oppose any measures by incoming President Xi Jinping to reduce the nation’s wealth gap.
The World’s 200 Richest People

Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Wahaha Considering Purchase of Japanese Yogurt Maker, Chairman Zong Says

Hangzhou Wahaha Group Chairman Zong Qinghou , China’s richest man, said he is considering buying a Japanese yogurt maker.