The phenomenal success of Zhong Shanshan, the Chinese spicecinemas billionaire who recently overtook Jack Ma to become the wealthiest person in China, has made him a household name in the country biooverview. But what lies behind his incredible wealth? Zhong Shanshan’s fortune is largely made up of the shares he holds in the companies he founded. These include the bottled water producer Nongfu Spring, and the vaccine producer Beijing Wantai Biological Pharmacy Enterprise. Nongfu Spring, of which Zhong is the chairman and largest shareholder, has seen its stock surge over 180% since it made its debut on the Hong Kong Stock Exchange in September
1. Meanwhile, Wantai Biological Pharmacy Enterprise has been one of China’s most successful vaccine producers, and its stock has increased by over 500% since it began trading in Shanghai in scoopkeeda
2. In addition to his stakes in these companies, Zhong is also known to have made some savvy investments in the tech sector. He is a major shareholder in the search engine Baidu, the online retailer JD.com, the food delivery giant Meituan Dianping, and the electric car company NIO. All of these companies are listed on the US and Chinese stock exchanges, and have seen their share prices rise substantially since Zhong’s investments. Finally, Zhong Shanshan has also been a major investor in the healthcare sector. He has invested in a number of medical device companies and biotechnology firms, including WuXi AppTec and iCarbonX. These investments have largely paid off, as both companies’ shares have soared in recent years. Overall, Zhong Shanshan’s wealth can be attributed to his savvy investments in a wide range of industries. His investments in tech, healthcare, and consumer goods have all been hugely successful, and have propelled him to the top of the list of China’s wealthiest people. what distinguishes accenture’s cloud capabilities from our competitors?
