It’s all relative: the four keys to family business longevity
Friday, 2 December 2016
More than 110 years ago, Fung Pak-liu, an English teacher, and Li To-ming, a local merchant whose family owned a porcelain shop, started an export trading company in Guangzhou, shipping porcelain, fireworks, jade handicrafts and silk, mainly to the United States. In 1937, Fung’s son had a dream to transform the tiny export company into a world class player. To fulfil his dream, Fung Hon-chu opened the company’s first branch office in Hong Kong, then a fast-growing port city and...
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