China’s richest man, Wahaha beverage tycoon Zong Qinghou, proposes tax cuts and monopoly break-ups to reverse slowing economic growth which has alarmed many observers. From Bloomberg “Economic growth will slow down again...
A study from Tsinghua University indicates that college graduates with family ties to government officials appear to enjoy advantages in the workplace. From Beijing Evening News, via Global Times: Researchers found that...
Bloomberg Businessweek profiles Zong Qinghou, the chairman of Chinese beverage giant Wahaha, who has risen to become mainland China’s wealthiest man: Even in a country that has exploded in wealth and created a new economic...
CDT previously reported on the Hurun rich list and the effect of the widening wealth gap in China. Forbes has released a report naming China’s 100 Richest individuals. Coinciding with the Hurun rich list,Wahaha founder and...
From AFP: The head of China’s largest soft drink maker, Wahaha, which is locked in a bitter feud with estranged French partner Danone, is under investigation for tax evasion, state media said Monday. Wahaha Group chairman...
A story explaining the relationship between Wahaha and Danone- and their eventual falling-out due to “extra-marital affairs”- as a case study for business schools. From The Australian: The first big question facing businesses that want to operate in China is whether they are brave enough or deep-pocketed enough to go it alone, or whether they […]
From the International Herald Tribune: Groupe Danone has filed a U.S. lawsuit against businesses linked to Zong Qinghou, the company’s Chinese joint venture partner, accusing them of illicit sales of fruit juice and mineral water. Danone has faced other setbacks in China this year. Last week, customs officials in Shanghai seized about 118 tons of […]
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