Remembering Zong Qinghou: Legacy of a Chinese Business Icon

2024-02-25 04:13:16
2024-02-25 12:13 United Daily News reporter Xie Shouzhen/Real-time reporting

It was recently reported that Zong Qinghou, the founder of Wahaha, the largest beverage manufacturer in mainland China and the former richest man in mainland China, was treated in the ICU ward of Shaw Hospital affiliated to Zhejiang University School of Medicine, which attracted widespread attention. The Zong Qinghou Funeral Committee issued an obituary at noon on Sunday, stating that Zong Qinghou passed away at 10:30 on the 25th at the age of 79.

The Paper reported that Zong Qinghou’s funeral committee issued an obituary on the 25th stating that he was a member of the Communist Party of China, a national model worker in mainland China, a winner of the May 1st Labor Medal, an outstanding builder of socialism with Chinese characteristics, and one of the 100 outstanding private entrepreneurs in the 40 years of reform and opening up. Comrade Zong Qinghou, a representative of the 10th, 11th and 12th National People’s Congress, a representative of the 12th, 13th and 14th National Congress of the Communist Party of China in Zhejiang Province, and the founder and chairman of Wahaha Group, died in 2024 due to an illness that failed to cure. He passed away at 10:30 on February 25, 2016, at the age of 79.

The obituary mentioned that the funeral committee of Comrade Zong Qinghou of Hangzhou Wahaha Group Co., Ltd. is scheduled to hold a memorial ceremony at the Xiasha base of Hangzhou Wahaha Group Co., Ltd. (intersection of No. 10 Street and No. 5 Street, Baiyang Street, Qiantang District, Hangzhou) at 10 a.m. on the 28th. meeting.

The smart financial all-media platform “Dahecai Cube” under the Henan Daily Newspaper Group reported that Zong Qinghou retired from Wahaha last year.

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Zong Qinghou said in an interview a year ago that he would take a back seat, believing that keeping a business is more difficult than starting a business. In CCTV Finance’s “Dialogue” 2023, Zong Qinghou talked about the issue of succession. He said: “I should not retire, but I will retreat to the second line and let the young people charge at the front. I will watch from behind and go astray.” When the time comes, turn it around and come up with some ideas.”

Zong Qinghou, founder of Wahaha Group. The picture shows on March 7, 2016, Zong Qinghou was the Zhejiang representative at the National People’s Congress in Mainland China…

Wahaha Group announced in December 2021 that Zong Qinghou’s daughter Zong Fuli has served as the group’s vice chairman and general manager. Since then, Zong Fuli has gradually assumed the responsibility of Wahaha’s daily operations as the successor of the group.

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