|Alma mater||Princeton University|
|Net worth||US$3.7 billion (2016)|
|Relatives||Victor Fung â€“ brother|
The way China is looking to boost consumer spending is astounding. They are going to boost the minimum wage by 13 percent a year every year for five years… I don’t know if people realize how dramatic that is.
One of the beauties of B2B is that there is a finite number of customers. So the marketing costs are much different. You don’t have to take out Super Bowl ads or plaster the New York subway system.