China's richest man, Zong Qinghou, may be known for his frugality, but he bailed on two free dinners in February, snubbing invitations from Britain's Queen Elizabeth and Prime Minister David Cameron.Thursday, 29 August, 2013, 4:13am
Hangzhou Wahaha, the mainland's leading beverage producer, is seeking to invest in dairy farms and milk powder factories overseas to secure raw material supply, amid continuing concern over food safety.
"Our biggest problem is milk powder," said Wahaha's chairman, Zong Qinghou, revealing that the company needed a huge amount of milk powder - 150,000 tonnes - every year.9 Mar 2013 - 6:30am
The global economic slowdown has reduced the collective wealth of the mainland's 100 richest people by 7 per cent to US$220 billion this year, Forbes has revealed.
"It's relatively rare for total wealth held by the members of our list to decline," said Russell Flannery, Forbes senior editor.13 Oct 2012 - 4:57am
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.12 Oct 2012 - 2:46pm 1 comment
Hangzhou Wahaha Group, the beverage business owned by the mainland's richest man, is hunting for global acquisitions to build an overseas distribution network as economic growth slows and competition heats up at home.14 Sep 2012 - 3:45am
Hangzhou Wahaha Group, the beverage business owned by the mainland's richest man, is hunting for global acquisitions to build an overseas distribution network as economic growth slows and competition heats up at home.14 Sep 2012 - 9:25am
The Hangzhou Economic and Technological Development Area (HEDA) has fuelled the city's economic growth for two decades.
Last year, 1,137 enterprises were set up, bringing in additional capital of 2.095 billion yuan (HK$2.556 billion), up 12.9 per cent from 2010.18 Jul 2012 - 12:00am
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
Although China has relatively sound legislation on intellectual property rights, as required by the World Trade Organisation, enforcing them to combat piracy was a different matter, said Si Weijiang, one of the mainland's top IPR lawyers.14 Jul 2011 - 12:00am
When Bill Gates and Warren Buffett visited Beijing in October last year to encourage the mainland's wealthiest citizens to donate their fortunes to charity, Zong Qinghou, chairman of Wahaha Group and one of the richest men in China, was on top of the invitation list.2 May 2011 - 12:00am