Nongfu Spring

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Hong Kong court freezes US$1.8 billion HSBC account as Wahaha inheritance battle unfolds

A Hong Kong court has formally frozen an HSBC account at the heart of a high-stakes lawsuit that pits three…

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New Business

Chinese tycoon’s proposed water deal spurs objections in US state of New Hampshire

China’s richest man, Zhong Shanshan, has come under scrutiny in the small northeastern US state of New Hampshire, home to…

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New Business

Wahaha heiress Kelly Zong’s inheritance battle puts Chinese family firms in spotlight

Kelly Zong Fuli, chairwoman and CEO of mainland China’s largest soft-drinks producer Hangzhou Wahaha Group, is embroiled in a wealth-inheritance…

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New Business

China’s eagle-eyed Zhejiang sets industrial sights on breeding more movers and shakers

A major economic powerhouse in China is looking to increase its global influence and move up the value chain, with…

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New Business

Hong Kong stocks waver on manufacturing wobble as China vows more support for economy

Hong Kong stocks slipped, erasing an earlier advance, after reports showed growth in Chinese manufacturing lost momentum last month, suggesting…

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New Business

Meituan to end late delivery penalty amid regulatory crackdown on algorithm misuse

Chinese food delivery giant Meituan will phase out a late delivery penalty in 2025 amid a crack down by regulators…

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New Business

Temu owner PDD sees 10% plunge in pre-market trading despite 44% revenue growth

PDD Holdings shares plunged by more than 10 per cent in pre-market trading, despite a 44 per cent rise in…

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New Business

China’s second-richest man demands apology from ByteDance founder over online attacks

China’s second-wealthiest man on Wednesday made a surprise demand that the country’s richest man, founder of ByteDance, apologise for the…

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New Business

Wahaha heiress Kelly Zong Fuli quits Chinese drinks giant 5 months after founder’s death

Kelly Zong Fuli has tendered her resignation as vice-chair and general manager of China’s Hangzhou Wahaha Group, according to an…

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