When Zong Qinghou, once the richest person in China, passed away at 79, his daughter Kelly Zong Fuli inherited his fortune but faced a fierce battle to take control of Hangzhou Wahaha Group. Challenges from within the company led to a publicized struggle, highlighting the succession crisis looming over many of China’s family-owned businesses as the first generation of entrepreneurs age and their children must step up to lead. Over three-quarters of family-owned companies in China reported succession issues between 2017 and 2022, with many of the country’s top entrepreneurs on the New Fortune 500 Rich List being older individuals.
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As Australia’s Election Nears, Peter Dutton Has a ‘Trump Lite’ Approach
Opposition leader Peter Dutton in Australia is adopting a Trump-like approach by criticizing "woke" issues and emphasizing government efficiency in his campaign against Prime Minister Anthony Albanese. Dutton's messaging seems to be resonating with some voters, as evidenced by a recent poll showing Albanese's approval rating at a low point. Dutton's focus on issues like Indigenous rights and Australia Day appeals to a working-class base feeling ignored by traditional political leadership, in a bid to...
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