China

Wahaha heiress’ inheritance battle puts Chinese family firms in spotlight

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Kelly Zong Fuli, chairwoman and CEO of mainland China’s largest soft-drinks producer Hangzhou Wahaha Group, is embroiled in a wealth-inheritance dispute that has prompted questions about the sustainability of the country’s family businesses.The daughter of late founder Zong Qinghou is facing two lawsuits as three plaintiffs, claiming to be her half-brothers and half-sister, seek to prevent her from dealing with assets worth about US$2 billion.
The feud surfaced just a year after the heiress won...




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