[QODLink]
Asia-Pacific

Chinese billionaire hurt in 'revenge attack'

Country's second-richest man injured in alleged revenge attack after the dismissal of employees, reports say.

Last Modified: 18 Sep 2013 10:13
Email Article
Print Article
Share article
Send Feedback
Zong Qinghou is chairman of the Wahaha Group, the country's largest beverage producer [AP]

Multi-billionaire Zong Qinghou, China's richest man until he was dethroned last week, has been injured in an alleged revenge attack following the dismissal of some employees, reports said.

Zong is chairman of China's leading beverage producer Wahaha Group and Forbes magazine estimates his personal wealth at $11bn, second only to Wang Jianlin, head of conglomerate Wanda Group, on $14bn.

The 67-year old tycoon was attacked on Friday near his home in the eastern city of Hangzhou and injured his fingers, China's official Xinhua news agency said on Wednesday citing police, adding that a suspect had been arrested.

Tendons in Zong's left hand were severed, the Shenzhen-based Hong Kong Commercial Daily reported, with a source telling the paper that the attack might have been revenge for the removal of executives at a Wahaha unit.

Representatives of the ruling Communist Party in Hangzhou have become involved in the case, the state-backed agency China News Service reported, citing an unnamed employee at Wahaha.

Neither Wahaha nor police in Hangzhou could immediately be reached for comment.

172

Source:
AFP
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
City
Organisation
Featured on Al Jazeera
Western fighters have streamed into the Middle East to help 'liberate' Arab countries such as Syria and Libya.
The Pakistani government is proposing reform of the nation's madrassas, which are accused of fostering terrorism.
Weaving and handicrafts are being re-taught to a younger generation of Iraqi Kurds, but not without challenges.
The author argues that in the new economy, it's people, not skills or majors, that have lost value.
Featured
Al Jazeera investigation uncovers allegations of beatings and rape in Kenya's ongoing anti-terrorism operation.
Incumbent Joyce Banda has a narrow lead, but anything is possible in Malawi's May 20 elections.
Western fighters have streamed into the Middle East to help 'liberate' Arab countries such as Syria and Libya.
The Pakistani government is proposing reform of the nation's madrassas, which are accused of fostering terrorism.
Grass-roots campaigns for female candidates are making an impact in India's first nationwide elections since 2009.
join our mailing list