With a surge in stock in Hong Kong stock exchange the Dali group is touted to be the richest family clan in China . Dali Fod is the largest manufacturer and supplier of foods and beverages in China. The company is controlled by the XU clan .
The family of the president own 11.64 billion shares of the company which amount to 85% of the company. The collective worth of the entire family has increased to $7.5 billion which is the highest among the elite Chinese business families .
The company was founded in 1989 by the family’s predecessors and now competes with global food giants like Pepsi , Nestle etc. The company is headquartered in the Fujian province of China and was raised around $1.1 billion this month.