Sinovac's COVID fortune fuels bitter boardroom battle

Power struggle traces back to 2016, with co-founders on opposite sides

20250725 Sinovac

China's Sinovac earned vast profits from its COVID-19 vaccine. © Reuters

TANG AILIN, YANG YUGI, YU NING and WANG XINTONG, Caixin

The COVID-19 pandemic turned Chinese vaccine maker Sinovac Biotech into a global household name after its CoronaVac jab became a billion-dollar money-spinner and one of the world's most-administered inoculations against the virus. But hidden away behind its success lies a bitter, decade-long power struggle for control of the company.

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