久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  Home>News Center>China
       
 

Beverage tycoon plans more expansion
By Hu Yan (China Daily)
Updated: 2006-03-10 05:57

Zong Qinghou, chairman of Hangzhou Wahaha Group

Zong Qinghou, chairman of Hangzhou Wahaha Group, has 4 billion yuan (US$500 million) of savings in the bank, and the company's sales revenue was reported to be 17 billion (US$2.1 billion ) last year.

But despite the already huge sums, the 61-year-old beverage tycoon from East China's Zhejiang Province is always on the lookout for ways to maximize his fortune.

"We are seeking a new industry to invest in," said Zong, deputy of the National People's Congress. "Wahaha has the need, and also the ability to make its business sector more pluralistic."

As China's beverage industry leader, Wahaha's business includes bottled drinking water, and carbonated and nutritious drinks. Last year, its sales revenue increased by 23 per cent on 2004.

"The competition in the beverage industry is too fierce," said Zong, adding that vicious competition would lower the profits of the whole beverage industry.

Wahaha has chosen children's clothing as its second profit point since 2002, and built 800 franchise shops around China. But the performance of this sector has not been as good as expected.

It has made Zong eager to make use of the idle money in the bank, but his way of operating is very traditional.

"Capital operation is too risky, I prefer to be involved in the manufacturing industry," he said.

Zong also refuses to have his company listed on the stock market. "What's the reason for listing? I don't lack money."

His cautious and imperturbable attitude towards his wealth may be attributable to a difficult early life.

After middle school, he spent 15 years working on the coast in salt production, following Chairman Mao's policy of "sending youth to live and work in the countryside."

After returning to his hometown Hangzhou, he worked from one small company to another as a salesman.

His life changed when he was 47. With a loan of 140,000 yuan (US$17,500) and the help of two retired teachers, Zong started his own business to make nutritious drinks for children in 1989.

The product, maybe the first of its kind in China, quickly became popular in cities, and built a solid basis for the Wahaha brand. Wahaha then immediately built a solid network around the country.

In less than two decades, Zong has built a company which can compete with international beverage giants such as Coco-Cola and Pepsi in China, especially in rural areas, where such international brands have less of a reputation.

Wahaha Group now has 81 branch companies in 27 provinces and municipalities, employing 18,000 workers.

Wahaha has no vice-general managers. All the functional departments and branches directly report to Zong.

His only daughter also works in Wahaha. He believes in the traditional Chinese management way the father is the only authority of the family.

Zong has gradually transferred some of his power to younger managers of Wahaha, and trained more senior managers.

"I let them take on more work. I can definitely do such work more quickly, but I can't run all of the business," said Zong.

Need of talents

But Zong admitted that his company is badly in need of new talents, especially senior managers, which is a common challenge for Chinese domestic enterprises during the globalization process.

"We are competing with international companies. And the competition is eventually for human resources."

As a NPC deputy, Zong called for technological innovation and protection of intellectual property rights. "The government should not only fund researchers in universities and institutes, but also encourage enterprises to do research and develop new products with preferential policies and financial aid," he said.

Zong did not attend business school, learning more through personal experience.

"Our boss works very hard. He travels all around the country to supervise branch companies for more than 200 days in a year," said Shan Qining, deputy director of Wahaha's public relations office.

During Zong's spare time, such as on planes as he travels across the country, reading is his main hobby. He reads widely: business books, novels and classics.

(China Daily 03/10/2006 page3)



Sandstorm hit Hohhot
Counterfeit name brands confiscated in Beijing
Panda plays with "puzzle feeder"
  Today's Top News     Top China News
 

Corruption in mining investment faces action

 

   
 

Japan FM's remarks on Taiwan condemned

 

   
 

Officials to be liable for bad investment

 

   
 

Legislators to step up supervisory work: Wu

 

   
 

US trade deficit reaches record US$68.5b

 

   
 

Binhai area promises big growth

 

   
  Officials to be liable for bad investment
   
  Tianjin to raise funds to develop new area
   
  Migrant workers' families need aid
   
  Forestation proposed to curb salt tide in the south
   
  Projects to further protect migrant workers
   
  NPC deputy calls for promoting Chinese
   
 
  Go to Another Section  
 
 
  Story Tools  
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 97久久天天综合色天天综合色 | 成年人三级网站 | 国产三级中文字幕 | 欧美一级毛片不卡免费观看 | 国产欧美日韩精品第二区 | 国产的一级毛片完整 | 国产三区视频在线观看 | 男女生性毛片免费观看 | 五月色一区二区亚洲小说 | 亚洲精品国产福利一区二区三区 | 最新最好看免费毛片基地 | 八戒午夜精品视频在线观看 | 久久91精品综合国产首页 | 被老外玩爽的中国美女视频 | 欧美一级久久久久久久大 | 国产精品黑丝 | 欧美日韩一区二区三 | 欧美日韩一区二区三区视频在线观看 | 性xxx69xxx视频在线观看 | 亚洲精品一区二区中文 | 日韩三级一区 | 国产一级真人毛爱做毛片 | 亚洲精品视频在线 | 性xxx69xxx视频在线观看 | 欧美18毛片免费看 | 国产精品久久国产三级国不卡顿 | 色多多最新地址福利地址 | 日本一级毛片免费 | 91久久精品国产91久久性色tv | 99热久久国产精品一区 | 日本成a人片在线观看网址 日本成年人视频网站 | 久色福利 | 久久久久久精 | 欧美一区高清 | 97se亚洲综合在线韩国专区福利 | 97在线视频精品 | 日本b站一卡二卡乱码入口 日本s色大片在线观看 | 国产精品国产三级国产专区5o | 性欧美高清come | 国产色啪午夜免费视频 | 九草网|