Hong Kong Famous Brothers

Victor Fung

William Fung

Shaw Brothers...

Mention these names, Orville and Wilbur Wright and most people would be able to identify them for were it not these Wright brothers who invented the first airplane? Mention William and Victor Fung - and most probably one would be left blinking: Who on earth are these two guys? If they were Hong Kong Shaw brothers, well, probably many Chinese could identify with them for Shaw brothers,Sir Run Run Shaw (邵逸夫) and Runme Shaw were Hong Kong movie moguls. They founded South Sea Film (南洋影片) in 1930 which later was renamed Shaw Brothers Studio which produced the first Hong Kong movie with sound. Coming back to William and Victor Fung, Times magazine has actually mentioned them and they are probably famous in their own right. The Fung brothers are citizensof Canada , I suppose; but they are based in Hong Kong. When they returned from the US to join the family trading firm in the early '70s, they had the idea that manufacturing no longer needed to be based in one country now that there had been improvements in transportation and information technology. The Fung brothers you would say, introduced borderless manufacturing. This meant that the best components to make any goods can be sourced from various parts of the world and as such, a designer jean, as Times magazine put it, may have its zipper made in Japan, its fabric from Hong Kong, thread from China and all the pieces assembled in Vietnam. William is a Princedton grad while Victor is a Massachusetts Institute of Techonology grad and having converted their Chinese -style family export-trading into a modern, publicly owned corporation and having bought over their British rival Inchcape Buying Services and doubling their annual sales to $1.6 billion in 1995, the two guys probably are well known figures in the business world...


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