United States, Businessman February 21, 1949
William Fung Kwok Lun OBE JP (Chinese: 馮國綸) is a Hong Kong billionaire businessman who is the group managing director of Li & Fung Group, one of the largest trading companies in Hong Kong.
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.
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.
I'm not an Internet guy - I'm a business guy.
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