‘Wahaha Princess' Reveals China's Uncommon Prosperity
Kelly Zong, chief executive at one of China's largest beverage empires, is embroiled in an inheritance dispute. Three plaintiffs, identified by their lawyer as her 'half brothers and sister,' are seeking an injunction in Hong Kong to prevent her from dealing with assets worth about that amount. The feud surfaced just a year after the heiress won a battle for control of Hangzhou Wahaha Group following her father's death last February. As Bloomberg News reported, until now, Kelly Zong was the only child the public had known about. Her lawyer says she doesn't accept the evidence and that her father Zong Qinghou's directives were not given to her.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
24 minutes ago
- Business Wire
Asia-Pacific Data Center Dielectric Fluid Market Analysis and Forecast Report 2024-2034
DUBLIN--(BUSINESS WIRE)--The "Asia-Pacific Data Center Dielectric Fluid Market: Focus on Application, Fluid Type, Solution Type, and Country-Level Analysis - Analysis and Forecast, 2024-2034" report has been added to offering. The Asia-Pacific data center dielectric fluid market (excluding China) was valued at $34.13 million in 2024 and is projected to grow at a CAGR of 29.12%, reaching $439.42 million by 2034. Growing environmental concerns and the need for sustainable and energy-efficient cooling solutions for data centres are driving market expansion in the APAC region. Adoption is speeding up due to advancements in dielectric fluid technology and enhanced system performance. Furthermore, the transition to high-performance and environmentally friendly cooling systems is being fuelled by smart industrial partnerships and strict regional laws. The market is still developing with a strong emphasis on innovation and sustainability as the region's digital infrastructure grows, helping APAC make the shift to more environmentally friendly data centre operations. Leading the way in this change are nations like China, India, Japan, Singapore, and South Korea, driven by investments in hyperscale data centres, government sustainability regulations, and rising demand for cloud computing. Dielectric fluids are becoming more and more appealing due to technological advancements in fluid formulations, such as synthetic esters and eco-friendly substitutes. Strategic alliances between fluid suppliers, equipment makers, and data centre operators are also influencing the sector. Nevertheless, there are still issues, such as large upfront investment costs, a lack of uniformity, and regional variations in regulations. Notwithstanding these obstacles, the demand for scalable cooling solutions in next-generation data centres and the region's move towards greener, more efficient digital ecosystems are expected to propel the APAC dielectric fluid market's steady growth. APAC Data Center Dielectric fluid Market Trends, Drivers and Challenges Market Trends Rising adoption of liquid and immersion cooling technologies in hyperscale and edge data centers Increased demand for biodegradable and non-toxic dielectric fluids aligned with ESG goals Technological advancements in synthetic ester and fluorinated fluid formulations offering improved thermal stability and longevity Growing deployment of two-phase immersion cooling systems for high-density computing workloads (e.g., AI, HPC) Regional expansion of local dielectric fluid manufacturers and custom fluid solutions Integration of smart fluid monitoring systems to track performance and degradation in real-time Market Drivers Surge in digital infrastructure investments across APAC (e.g., India, China, Singapore) Stricter energy efficiency and PUE targets imposed by governments and green data center regulations Growing heat densities from AI, blockchain, and 5G computing workloads demanding advanced cooling Sustainability initiatives pushing data center operators to adopt eco-friendly cooling alternatives Strategic partnerships between fluid suppliers, data center OEMs, and cloud providers accelerating technology adoption Rising awareness of total cost of ownership (TCO) benefits over air and water cooling systems Market Challenges High upfront costs of dielectric fluids and retrofitting legacy systems Limited standardization and certification frameworks specific to dielectric fluid use in APAC Supply chain constraints for specialty chemicals and base fluids Lack of skilled workforce familiar with liquid cooling system design and maintenance Environmental disposal and recycling complexities, especially for synthetic and fluorinated fluids Compatibility concerns with various IT and electrical hardware components Key Attributes: Report Attribute Details No. of Pages 65 Forecast Period 2024 - 2034 Estimated Market Value (USD) in 2024 $34.13 Million Forecasted Market Value (USD) by 2034 $439.42 Million Compound Annual Growth Rate 29.1% Regions Covered Asia Pacific Expand Key Topics Covered: 1 Markets 1.1 Data Center Dielectric Fluid Market: Current and Future 1.1.1 Integration with Renewable Energy Solutions 1.1.2 Advancements in Dielectric Fluid Formulations 1.2 Supply Chain Overview 1.3 Market Dynamics: Overview 1.3.1 Market Drivers 1.3.1.1 Increasing Focus on Retrofitting and Brownfield Projects 1.3.1.2 Rising Enterprise Adoption of Data Center GPUs for High-Performance Computing Applications 1.3.2 Market Restraints 1.3.2.1 Elevated Increased Costs Arising from System Failures and Fluid Leaks 1.3.2.2 Negative Environmental Concerns about Fluorocarbons 1.3.3 Market Opportunities 1.3.3.1 Government Support for Smart City Development and Digitalization 1.3.3.2 Advancements in 5G and 6G Technologies 1.3.3.3 Emerging Growth Potential for Edge Computing and Increasing Penetration Rate of the Internet of Things (IoT) and Cloud Services 1.4 Ecosystem and Ongoing Programs 1.4.1 Associations and Consortiums 1.4.2 Government Programs and Initiatives Landscape 1.4.2.1 Asia-Pacific 1.4.2.2 China 2 Regions 2.1 Data Center Dielectric Fluid Market (by Region) 3 Markets- Competitive Benchmarking and Companies Profiled 3.1 Next Frontiers 3.2 Competitive Benchmarking 3.3 Company Profiles 3.3.1 ENEOS Corporation 3.3.1.1 Overview 3.3.1.2 Top Products/Product Portfolio 3.3.1.3 Top Competitors 3.3.1.4 End-Use Applications 3.3.1.5 Key Personnel 3.3.1.6 Analyst View 3.3.1.7 Market Share For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
San Francisco Chronicle
24 minutes ago
- San Francisco Chronicle
India's Modi announces credit worth $565 million to the Maldives and launches free trade talks
COLOMBO, Sri Lanka (AP) — Indian Prime Minister Narendra Modi on Friday announced a $565-million line of credit to the Maldives during a visit to the Indian Ocean archipelago, as the two countries launched formal talks for a free-trade agreement. Modi is visiting the Maldives, known for its upmarket tourist resorts, to mark the 60th anniversary of its independence and diplomatic relations between the two countries. The announcement came during Modi's joint media statement with Maldives' President Mohamed Muizzu. The two-day visit is crucial to India's ambition to control the seas and shipping routes of the Indian Ocean in a race with its regional rival China. It also marks the further easing of diplomatic tensions between the two nations that followed the election of pro-China Muizzu in 2023. Regional powers India and China compete for influence in the archipelago nation, which is strategically located in the Indian Ocean. On Friday, Modi witnessed the exchange of agreements to cooperate in sectors such as fisheries, health, tourism and digital development. He also formally handed dozens of heavy vehicles to the Maldives' defense forces. 'India is Maldives' closest neighbor. Maldives holds an important place in both India's neighborhood- first policy and ocean vision," Modi said. 'India is also proud to be Maldives' most trusted friend.' The line of credit will be used for 'infrastructure and development projects in line with the priorities of the people of the Maldives,' he said. "India will continue to support Maldives in developing its defense capabilities. Peace, stability and prosperity in the Indian Ocean region is our common goal," he added. During Muizzu's visit to India last October, India announced financial support to the cash-strapped Maldives in the form of a $100-million treasury bills rollover and the countries signed a $400-million currency swap agreement. Tensions between India and the Maldives grew since Muizzu, who favored closer ties with China, was elected in 2023 after defeating India-friendly incumbent Ibrahim Mohamed Solih. Leading up to the election, Muizzu had promised to expel Indian soldiers deployed in the Maldives to help with humanitarian assistance. Last year New Delhi replaced dozens of its soldiers in the Maldives with civilian experts. Measure by Modi to promote tourism in India's Lakshadweep archipelago, off the southwestern coast of the Indian mainland, also sparked anger from Maldivians, who saw it as a move to lure Indian tourists away from their country. Indian celebrities then called for a tourism boycott to the Maldives. The dispute deepened when Muizzu visited China ahead of India in January last year, a move seen by New Delhi as a snub. On his return, Muizzu spelled out plans to rid his tiny nation of dependence on India for health facilities, medicines and import of staples. Relations started to improve after Muizzu attended Modi's swearing-in ceremony for a third five-year term. Muizzu has toned down his anti-Indian rhetoric, and official contacts with New Delhi have intensified as concerns grew about Maldives' economy. India has long been a critical provider of development assistance to the Maldives. Meanwhile, the Maldives joined China's Belt and Road Initiative in 2013 to build ports and highways and expand trade as well as China's influence across Asia, Africa, and Europe.
Bloomberg
26 minutes ago
- Bloomberg
Allegra Stratton: Cyber Insecurity, yet Another Threat to Watch
News that Chinese hackers exploited a vulnerability in Microsoft's SharePoint to hack into hundreds of businesses will have sent (another) shiver through C-suite group chats the world over. In the week since it emerged, it's become clear that some 400 governments, corporations and institutions have been pole-axed by it, and Bloomberg's team has been across all angles. Most alarmingly, our journalists reported that this round of hacks included the US National Nuclear Security Administration – the body responsible for maintaining and designing the US's cache of nuclear weapons. Even though classified information doesn't appear to have been accessed, experts told our team that information about employees could nonetheless be exploited.
