Capital, Earnings & M&A
Wahaha's Predicament: Revenue Down 30 Billion in Five Years, From Never Listing to No Chance If It Doesn't—What's Wrong with the Zong Family?
After a sharp revenue decline, time is running out for 73-year-old Zong Qinghou. Wahaha's revenue fell to 46.4 billion yuan in the latest private enterprise ranking, down from 78.3 billion five years ago, forcing the company to consider an IPO and explore new channels like micro-commerce and Pinduoduo.
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