The Latest Breaking News from Nongfu

China’s richest person wants the ByteDance founder to apologize for not stopping an online smear campaign

Zhong Shanshan, chairman of Nongfu Spring, is blaming two of China’s Big Tech companies for troubles at his bottled water company.

Fortune · Nov 22, 2024

China’s two richest people lose billions in consumer stock rout

Record-breaking stock selloffs in two of China’s biggest consumer companies erased more than $18 billion from the fortunes of the nation’s richest people, underscoring deepening investor concern over the health of Asia’s biggest economy.

The Times of India · Aug 28, 2024

A Chinese bottled water giant run by the country's richest person is picking a fight with Hong Kong's consumer watchdog

Hong Kong's consumer watchdog said Nongfu Spring's bottled water nears the EU limit for a potentially dangerous chemical.

Fortune · Jul 17, 2024