Wong Man Li

Early Life

Wong Man Li was born in Hong Kong in 1965. He started his career in 1990, working as a factory worker and earning $4 a day.

Rise to Success

In 1992, Wong invested his savings in a factory across the border in Shenzhen. He chose the furniture business because it required less capital and had an easier market entry in Hong Kong. He focused on reclining chairs and sofas, and his company, Man Wah Holdings, experienced rapid growth. From first-year sales of $3 million, revenue at Man Wah Holdings grew significantly.

Key Business Strategies

Wong's key strategy included focusing on reclining chairs and sofas and working with foreign partners. He expanded sales globally, especially in the U.S. and China, opening retail stores. In the U.S., Man Wah courted big retailers like Macy's. Wong shifted production out of China and expanded his factory to Vietnam and Mexico.

Philanthropy

Wong has contributed as the Chairman of the Happy Hong Kong Charity Foundation, and Co-Chairman of The Community Chest of Hong Kong.