Zong Qinghou

Zong Qinghou

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Zong Qinghou

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Zong Qinghou (宗慶後), born 1945, is a Chinese entrepreneur, founder, Chairman and CEO of the Hangzhou Wahaha Group, the leading beverage company in China. Ranked China’s 3rd-richest man and 169th in the world, Forbes estimated him to have personal wealth of US$5.9 billion.

Zong is a delegate to the Chinese National People's Congress.

Biography

Zong is a native of Zhejiang, and has had little formal education. After graduating from secondary school, Zong worked at the Zhoushan salt farm. He returned home in 1979 on the retirement of his mother, who was a teacher.(轉載自証券日報) People's Daily, He eventually returned to Hangzhou, and only found menial work at a local school due to the low level of his education. In 1987, he targeted a minigrocery in a school in Shangcheng DistrictRussell Flannery, , Forbes27 November 2006 Accessed 21 June 2007 Together with two retired schoolteachers, he borrowed the sum of CNY 140,000, to start producing milk drinks for distribution.

He obtained independence from an early government partner by stressing his links with Danone. With his...
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