Core Viewpoint - The resignation of Zong Fuli from all positions at Wahaha Group has intensified the internal power struggle over the company's substantial assets, indicating that the battle for control is far from over [1] Group 1: Resignation and Management Changes - Zong Fuli's resignation was approved on September 12, 2023, but she has not relinquished control, as her ally Xu Simin was appointed as the new general manager [1][2] - Xu Simin has a history of working closely with Zong Fuli, indicating that her influence within the company remains strong despite her resignation [1] Group 2: Internal Conflicts and Family Dynamics - Zong Fuli's departure has led to increased uncertainty and has provided her opponents, including her uncle Zong Zehou, with more leverage to criticize her leadership [3][4] - The ongoing family trust disputes and employee stockholder rights issues remain unresolved, complicating the company's governance [4][5] Group 3: Company Performance and Strategic Decisions - Under Zong Fuli's leadership, Wahaha achieved a record sales growth of 53% in 2024, with a continued growth rate of over 30% in the first quarter of 2025 [5] - Zong Fuli's aggressive strategies alienated key stakeholders, including long-time allies and family members, leading to her loss of control [5][7] Group 4: Shareholding Structure and Future Control - Wahaha's shareholding structure includes 46% held by Hangzhou's cultural tourism sector, 29.4% by Zong Fuli, and 24.6% by the employee stockholder committee, creating a complex power dynamic [8][10] - The future of Wahaha's control and ownership structure is uncertain, particularly regarding how Zong Fuli's and the employee stockholder committee's shares will be managed [26] Group 5: New Ventures and Market Competition - Zong Fuli has initiated a new brand, "Wah Xiaozong," aiming for a sales target of 30 billion, indicating her ambition to recreate her success outside of Wahaha [29] - The market response to "Wah Xiaozong" remains uncertain, as it lacks the established reputation of Wahaha, raising questions about its viability [29][30]
宗馥莉没有朋友
3 6 Ke·2025-10-13 00:37