Hangzhou Wahaha Group

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

Hangzhou Wahaha Group president Zong Qinghou

Hangzhou police on Wednesday confirmed they have arrested a man on suspicion of assaulting and injuring one of China’s richest men, Zong Qinghou, in a knife attack last Friday, after media reports said Zong had suffered severe injuries to his left hand.

Wednesday, 18 September, 2013, 8:14pm 1 comment

Wahaha boss urges tax cuts to lift growth

Zong Qinghou. Photo: AFP

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.

19 Jul 2013 - 5:42am

Heiress Zong Fuli says money can't buy her love

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

Where have all the real men gone? That lament by the daughter of the mainland's richest man has caused an online frenzy, particularly among single people.

Zong Fuli, 30, the only daughter and heiress of beverage tycoon Zong Qinghou, revealed her anxieties during an interview with the mainland edition of Marie Claire, saying she had never had a boyfriend.

11 Jan 2013 - 5:03am

Soft drink maker emerges as mainland's richest man

Zong Qinghou

Zong Qinghou, head of China's third-largest beverage maker, is now the mainland's richest man.

He disclosed that his stake in closely held Hangzhou Wahaha Group is more than double previous estimates, underscoring the opacity of wealth in the country.

7 Sep 2012 - 3:29am

Water tycoon still keen to expand, despite setbacks

Zong Qinghou, one of the richest men in China, has suffered setbacks with his plan to turn his bottled-water business into a conglomerate spanning retailing, drinks, and children's clothing, but the billionaire said he would make breakthroughs in the retailing industry this year.

5 Mar 2012 - 12:00am

BVI court 'freezes assets of Wahaha assets'

Groupe Danone said assets of Wahaha's 10 offshore companies were frozen until further order from British Virgin Islands(BVI) court, after the mainland's State Trademark Office turned down a transfer of the Wahaha brand to the venture between the two disputing parties.

21 Nov 2007 - 12:00am

Wahaha ups ante with plans for Euro5b lawsuit

As row with Danone escalates, drinks maker cites 'illegalities'

Hangzhou Wahaha Group, the mainland's largest drinks maker, stepped up a battle with joint venture partner Groupe Danone, saying it plans to sue the French food giant for up to Euro5 billion (HK$52.56 billion) for 'illegal activities'.

26 Jun 2007 - 12:00am

Lawsuit threat bugs Danone even before Wahaha row wanes

Conflicts arising from Groupe Danone's stake ownership deals with rival mainland companies are increasingly becoming a headache for the firm, with a shareholder of one local partners - Bright Dairy - threatening it with a lawsuit.

19 Jun 2007 - 12:00am

Danone and Wahaha vie for the last laugh

Continuing battle between beverage companies remains unresolved

What began as an apparent win-win partnership between France's Groupe Danone and China's Hangzhou Wahaha Group in the 1990s is unravelling in spectacular fashion, showing that a clash of cultures, egos and business goals can undermine the good intentions of a mainland joint venture.

11 Jun 2007 - 12:00am

SEB wins nod to buy controlling stake in Supor Cookware

SEB, the world's largest kitchen appliance maker, has received in principle approval from the Ministry of Commerce to take a controlling stake in Zhejiang Supor Cookware at a steep discount despite concerns that foreigners are buying mainland assets cheaply.

13 Apr 2007 - 12:00am

Danone set to sue Wahaha over alleged contract breach

Yogurt maker accuses drinks firm after takeover bid fails

Groupe Danone, the world's biggest yogurt maker, said it is ready to take legal action against Hangzhou Wahaha Group, claiming that the mainland beverage maker breached a co-operation agreement by using other units to sell Wahaha brand products.

11 Apr 2007 - 12:00am

Apparel maker's shares dive 30pc

Shares in silk-apparel maker High Fashion International fell 31.47 per cent yesterday after the firm on Thursday evening announced an 83 per cent slump in its interim profit.

The earnings slump was largely the result of falling silk product exports to the United States which the firm blamed on bad economic conditions.

29 Jun 2002 - 12:00am

Poisoning fails to turn Wahaha sour

One of China's biggest food product companies is claiming record growth in profits despite a poisoning scandal last year.

State-owned Hangzhou Wahaha Group last week reported 230 per cent growth in first-quarter net profits to US$8.86 million, and claimed output of fruit drinks and other products nearly doubled compared with last year's result.

19 May 1997 - 12:00am

Safety alerts on faulty goods to be published

In an unprecedented move, China will publish monthly public safety alerts on shoddy consumer goods after a spate of deaths and injuries resulting from faulty products.

In a state circular, authorities said the findings of product-quality inspections would be published weekly in the official media, starting this month.

4 Apr 1997 - 12:00am