Li & Fung

Common card · No. 437740

Li & Fung Limited is a Hong Kong–based supply chain management company. Established in 1906, the company became publicly traded in 1973 and has since played a significant role in manufacturing apparel, toys, and various consumer goods for major North American and European retailers. Significant growth occurred after its public listing, reaching a peak market capitalization in 2011, but the rise of platforms like Alibaba and Amazon, which directly connect manufacturers with consumers, created an increasingly challenging environment for the company. In response to challenges, including the US–China trade tensions and the COVID-19 pandemic, Li & Fung announced privatization plans in March 2020 and was subsequently delisted from the Hong Kong Stock Exchange. The move was aimed at expediting the restructuring and technology investments needed to adapt to the changing market. Founded by Fung Pak-liu and Li To-ming, the company initially engaged in exporting porcelain before diversifying into...

Read on Wikipedia · Image Chong Fat, CC BY-SA 3.0