Billionaire Chinese founder of beverage giant Wahaha dies

Alibaba's Jack Ma, Geely's Li Shufu mourn passing of Zong Qinghou

20240226N Wahaha Zong

Zong's achievements include topping Forbes' ranking of the richest people in mainland China. (Photo by Daisuke Harashima)

TOMOKO WAKASUGI, Nikkei staff writer

SHANGHAI -- Zong Qinghou, the founder and chairman of major Chinese beverage maker Hangzhou Wahaha Group, has died from an illness, the company has announced.

Zong, one of China's most influential business moguls, led Wahaha to growth as China's economy boomed.

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