Core Viewpoint - The recent developments surrounding Wahaha, particularly the resignation of Zong Fuli and the launch of competing brands "Wah Xiaozong" and "Wah Xiaozhi," indicate a significant shift in the beverage market dynamics within the Zong family [2][12]. Group 1: Brand Launch and Competition - "Wah Xiaozhi" held a national招商会 (investment promotion meeting) in Hangzhou on October 10, where purchasing products worth over 100,000 yuan grants exclusive distribution rights in the region [5][6]. - The product line of "Wah Xiaozhi" includes AD calcium milk, mineral water, coconut water, and eight-treasure porridge, with a pricing strategy aimed at being lower than Wahaha while maintaining identical formulas [7]. Group 2: Market Strategy and Performance - As of now, "Wah Xiaozhi" has signed contracts with 153 clients, primarily in Zhejiang, with some in Hunan and Guizhou, focusing on chain supermarkets and large distribution clients [7]. - The initial investment to become an agent for "Wah Xiaozhi" is set at a minimum of 30,000 yuan, with no deposit required [7]. Group 3: Company Structure and Control - Wah Xiaozhi Foods (Hangzhou) Co., Ltd. was established in 2025 and is primarily engaged in wholesale activities, with Zong Zehou as the actual controller [9][11]. - Zong Zehou holds an 80% voting power and a 33.211% total shareholding in the company, indicating significant control over its operations [11].

Core Viewpoint - The recent developments in the Wahaha brand, particularly the launch of "Wah Xiaozhong" by Zong Fuli's uncle, Zong Zehou, indicate a competitive shift within the family business and the beverage industry, as they aim to capture market share previously held by Wahaha [1][18]. Group 1: Brand Launch and Strategy - "Wah Xiaozhong" has initiated a nationwide recruitment event in Hangzhou on October 10, where a purchase of over 100,000 yuan qualifies for exclusive regional distributor rights [5][9]. - The recruitment strategy includes a limited-time offer where purchasing in four counties grants an additional county free of charge, aiming to attract more distributors [9]. - The product line of "Wah Xiaozhong" includes a diverse range of items such as AD calcium milk, mineral water, coconut water, and eight-treasure porridge, with pricing positioned lower than that of Wahaha [13]. Group 2: Market Position and Competition - As of now, "Wah Xiaozhong" has signed contracts with 153 clients, primarily in Zhejiang, with some presence in Hunan and Guizhou, focusing on chain supermarkets and large distribution clients [13]. - The recruitment process for becoming a distributor does not require a deposit, and the initial order is set at a minimum of 30,000 yuan, making it accessible for potential partners [13]. Group 3: Corporate Background - "Wah Xiaozhong Food (Hangzhou) Co., Ltd." was established in 2025 and is primarily engaged in wholesale activities, with Zong Zehou identified as the actual controller of the company [15]. - The recent resignation of Zong Fuli from her positions at Wahaha Group has sparked discussions about the future direction of the brand and the family's influence on the business [18].