Jul 03, 2013 01:53 PM

Time for a Transformation

By staff reporters Shen Hu, Zhou Qun and intern reporter Wu Yijing

(Hangzhou) -- With nearly 70 billion yuan in personal assets, Zong Qinghou, founder and chairman of Hangzhou Wahaha Group Co., is China's richest man and a talented salesman.

Starting his business career by selling cold drinks and ice cream on a bicycle at age 42, Zong created Wahaha in 1989 and made the company the country's largest beverage producer.

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