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Hangzhou Wahaha Group founder Zong Qinghou is to venture into retailing, partly to expand his company's drinks distribution, according to reports.

The Chinese soft drinks group, famous for its long-running dispute with Danone, is set to open up to 100 department stores in second and third-tier cities across China, Bloomberg reported today (1 March).

In September, Qinghou was named China's richest man having amassed a personal fortune of US$12bn, according to the Hurun Rich List.


Sectors: Soft drinks, Water

Companies: Wahaha, Groupe Danone

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