The Rise of Li & Fung: From Family Business to Multinational by Feng Bang-yan (2006-11-27)

The Li & Fung Group, one of the oldest Chinese trading companies in Hong Kong, has experienced a remarkable rise and success story. Through generations of entrepreneurship, perseverance, and ingenuity, combined with a steadfast adherence to Chinese values and the adoption of modern management practices, the company has evolved into a leading global supply chain management multinational.

Today, the Li & Fung Group boasts a diverse portfolio of businesses, including export trading, retailing, and integrated distribution services. Its retail brands, such as Circle K, Toy "R" Us, and Branded Lifestyle, have become household names, while its manufacturing, logistics, and marketing capabilities have enabled it to provide comprehensive distribution services to a wide range of clients.

The company's success is underpinned by its relentless pursuit of innovation and its ability to adapt to the ever-changing business landscape. Over the years, Li & Fung has leveraged its deep understanding of the Chinese market and its strong ties with global brands to establish a global footprint, with operations spanning across multiple countries and continents.

With a workforce of over 25,000 employees worldwide, the Li & Fung Group has become a force to be reckoned with in the global supply chain management industry. Its impressive revenue, exceeding US$8 billion in 2005, is a testament to the company's financial strength and its ability to capitalize on the growing demand for efficient and reliable supply chain solutions.

The Li & Fung Group's success story is a remarkable example of how a Chinese family-owned business can evolve and thrive in the global marketplace. Through its unwavering commitment to its core values, its embrace of innovative practices, and its relentless pursuit of growth, the company has carved out a prominent position in the international business community.

As the Li & Fung Group continues to expand and diversify its operations, its legacy as one of the oldest and most successful Chinese trading companies in Hong Kong serves as an inspiration to aspiring entrepreneurs and businesses alike. The company's journey from a small trading firm to a global supply chain management giant is a testament to the power of perseverance, adaptability, and the fusion of traditional Chinese values with modern business strategies.

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