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How the 100-Year-Old Uber of Apparel is Thriving with Platform Business

How the 100-Year-Old Uber of Apparel is Thriving with Platform Business

A hundred years before Uber popularized the “platform business,” an English teacher and a porcelain merchant were launching their own platform business in Canton, China, called Li & Fung. In 1906, Li To-ming and Fung Pak-liu started a trading company, exporting porcelain, fireworks, jade and silk. They eventually set up headquarters in Hong Kong.