Zong Qinghou, founder and chairman of Wahaha Group, an entrepreneur with an important influence in the Chinese business community, passed away from us on February 25, 2024 at the age of 79 due to ineffective medical treatment. Zong Qinghou's life is a legendary entrepreneurial history. From starting from scratch at the age of 42, to founding Wahaha Group, to becoming China's richest man three times, his story has inspired countless people to chase their dreams and be brave in innovation.
Zong Qinghou's early life was not easy, his family was poor, he started working early, and experienced the transformation from farm labor to factory salesman. At the age of 42, he decided to establish Hangzhou Wahaha Nutrition Food Factory, focusing on solving the problem of child malnutrition. This decision kicked off his business empire-building.
Wahaha GroupThe establishment is the result of Zong Qinghou's business wisdom and efforts. With his keen insight into the market and unremitting pursuit, Wahaha has become a leader in China's beverage industry. Under his leadership, Wahaha has successfully launched a number of best-selling products such as AD calcium milk, nutrition express, and purified water, which are deeply loved by consumers.
Zong Qinghou's success is not only reflected in his management of the business, but also in the tenacity and wisdom he has shown in the fight against international giants. In the joint venture dispute with the French Danone Group, Zong Qinghou insisted on his position and finally won the victory, preserving Wahaha's brand and independence.
Although he became the richest man in China, Zong Qinghou's life was still simple, his annual living expenses did not exceed 50,000 yuan, and this frugal lifestyle and unremitting work attitude were admired by many people.
Zong Qinghou's life is the best interpretation of dreams and perseverance. He is not only the soul of Wahaha Group, but also a microcosm of the development of private enterprises in China over the past 40 years of reform and opening up. His story tells us that no matter how old you are, as long as you have dreams and courage, it is possible to create your own glory.
Zong Qinghou's passing is a great loss to the Chinese business community, and his spirit and dedication will always be remembered. At this sad time, we express our deepest condolences to Mr. Zong Qinghou and wish his family and all employees of Wahaha Group a good time to get through this difficult period. Kunpeng Project