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In Depth: Sinovac’s Covid Fortune Fuels Bitter Boardroom Battle

By Tang Ailin, Yang Yuqi, Yu Ning and Wang Xintong
2025年07月23日 13:47
A legal fight across three countries has left its shares suspended on the Nasdaq for six years and $10 billion of cash stuck in the bank

The Covid-19 pandemic turned Chinese vaccine-maker Sinovac Biotech Ltd. into a global household name after its CoronaVac jab became a billion-dollar money-spinner and one of the world’s most-administered inoculations against the virus. But hidden away behind its success lies a bitter, decade-long power struggle for control of the company.

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