Billionaire Zong Qinghou, who was the richest man in China in the 2000s and 2010s, is dead. According to the AFP, the founder of the beverage company Wahaha died on Sunday at the age of 79. AFP cites company information. Wahaha explained on the online service Weibo that Zong’s medical treatment was ineffective. The company did not provide any further details on the cause of death. A memorial service will be held at the company’s headquarters in the eastern Chinese city of Hangzhou on Wednesday.