CNBC AI News, July 17th – A family feud at Wahaha Group is currently making headlines across Chinese social media, fueled by reports surrounding Kelly Zong, often referred to as Wahaha’s “Princess.” The buzz centers on claims that Zong Qinghou, her father and the company’s founder, allegedly has three additional children – Jacky Zong, Jessie Zong, and Jerry Zong – all reportedly U.S. citizens.
These individuals are reportedly engaged in a high-stakes inheritance battle in Hong Kong courts, vying for a piece of Zong Qinghou’s estimated $2 billion fortune. The legal dispute has thrown a spotlight on the potential succession plans and future direction of the beverage giant.
The intra-family drama at Wahaha has prompted some netizens to resurface past statements made by Zhong Shanshan, founder of Nongfu Spring, a key competitor in the bottled water market. Some online commenters have noted that amidst the controversy, Zhong Shanshan refrained from publicizing any negative information regarding Zong Qinghou, despite past criticisms leveled against himself.
During a previous media interview, Zhong emphasized Nongfu Spring’s commitment to China, stating that the company would always remain rooted in the country.
He further elaborated, “Our money is clean. It comes from every bottle of water our employees sell.”
“Capital lacks a moral compass, but people possess ethics and values. People are the decisive factor, not money. Honor is earned through one’s own efforts,” he asserted. This statement is seen by some analysts as a veiled commentary on the perceived values clash within Wahaha’s ongoing family dispute.
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