https://www.scmp.com/rss/522699/feed The latest news and top stories on Zhong Shanshan. A prominent Chinese entrepreneur, he is the chairman of Nongfu Spring, which he founded in 1996, transforming it into China’s leading bottled water and beverage company. His strategic focus on natural sourcing and innovative marketing propelled Nongfu Spring’s growth, contrasting with competitors like Wahaha. He also chairs Beijing Wantai Biological Pharmacy Enterprise, a successful pharmaceutical firm. Known for his low public profile, Zhong’s... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Daniel Ren Daniel Ren China saw a remarkable increase in the number of ultra-wealthy individuals over the past year, driven by a bull market in stocks, with leaders of “new economy” companies emerging as the primary beneficiaries, according to the Hurun Research Institute. A record 1,434 individuals made it onto Hurun’s latest China Rich List, each having a net worth of at least 5 billion yuan (US$702 million). This marked an increase of 340 individuals, or 31 per cent, from the previous year. The collective wealth... https://www.scmp.com/business/article/3330544/rich-list-chinas-billionaire-count-hits-record-stock-markets-surge?utm_source=rss_feed https://www.scmp.com/business/article/3330544/rich-list-chinas-billionaire-count-hits-record-stock-markets-surge?utm_source=rss_feed Tue, 28 Oct 2025 02:00:26 +0000 Audrey Jiajia Li Audrey Jiajia Li In early 2014, during China’s “two sessions”, I interviewed the late Zong Qinghou, the founder and chairman of Wahaha, in Beijing. He was 69 at the time, attending the National People’s Congress for the 12th time as a delegate. He appeared before my camera, travel-worn and wearing a pair of well-worn cloth shoes that cost just 20 yuan. During the interview, he was energetic and sharp-tongued, speaking frankly about the invisible barriers faced by private enterprises. He asserted that market... https://www.scmp.com/opinion/china-opinion/article/3319984/chinas-titans-industry-nationalism-double-edged-sword?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3319984/chinas-titans-industry-nationalism-double-edged-sword?utm_source=rss_feed Sun, 03 Aug 2025 21:30:08 +0000 SCMP SCMP We have selected seven of the most interesting and important news stories covering US-China relations from the past few weeks. If you would like to see more of our reporting, please consider subscribing. 1. Trump eyes autumn China trip, but September visit off the table: sources US President Donald Trump is keen to visit China but a September visit is not happening, according to sources, who said Beijing and Washington were working to secure a trip in October or November. Hurdles remain, but... https://www.scmp.com/news/us/diplomacy/article/3320190/labubus-soft-power-trump-eyes-autumn-china-trip-7-us-china-relations-reads?utm_source=rss_feed https://www.scmp.com/news/us/diplomacy/article/3320190/labubus-soft-power-trump-eyes-autumn-china-trip-7-us-china-relations-reads?utm_source=rss_feed Fri, 01 Aug 2025 17:00:10 +0000 Khushboo Razdan Khushboo Razdan China’s richest man, Zhong Shanshan, has come under scrutiny in the small northeastern US state of New Hampshire, home to just over 1 million residents, over a plan to develop an industrial site in the state’s second-largest city, Nashua. The controversy began in May when it emerged that a US subsidiary of Zhong’s firm, Nongfu Spring, NF North America, had quietly acquired a single-storey building on a 9.3-hectare (23-acre) industrial site in Nashua in January. The site had been abandoned for... https://www.scmp.com/news/china/money-wealth/article/3320054/chinese-tycoons-proposed-water-deal-spurs-objections-us-state-new-hampshire?utm_source=rss_feed https://www.scmp.com/news/china/money-wealth/article/3320054/chinese-tycoons-proposed-water-deal-spurs-objections-us-state-new-hampshire?utm_source=rss_feed Tue, 29 Jul 2025 18:32:01 +0000