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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How intlife is helping Malaysia combat energy wastage at home
Intlife Smart Home, a Malaysia-based green tech startup founded by CEO Kok Huang, is focused on combatting energy wastage in residential and commercial properties by providing energy-efficient solutions. Through IoT sensors and AI-driven energy management systems, the company optimizes energy consumption, cutting costs and reducing carbon footprints. With plans to expand regionally and contribute to Malaysia's net-zero emissions goal by 2050, intlife is positioning itself as a leader in energy efficiency and sustainability. Full Article
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