Abstract
This chapter discusses the rise of family business/enterprise in China before 1949. The case of Rong Brothers is also discussed as an example of new era business family.
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Notes
- 1.
Brother consortium is comparable to sibling consortium, although the ownership and management are only shared among brothers.
- 2.
Data are obtained from “Historical Materials on the Enterprises of the Rong Family” (in Chinese), 1962, Volume One. Shanghai Renmin Publisher, p. 15.
- 3.
See Chapter 4 for detailed discussions of the tradition of household division in China.
- 4.
Although having the same pronunciation, the third and fourth sons have different names in Chinese characters.
References
Bergère, M. C. (1989). Golden Age of the Chinese Bourgeoisie, 1911–1937. Cambridge University Press.
Shanghai Social Science College, Economic Research Institute. (1962). Historical Materials on the Enterprises of the Rong Family” (in Chinese), Volume One. Shanghai Renmin Publisher, p. 15.
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Chen, L., Zhu, J.A., Fang, H. (2021). The Rise of Family Business in China Before 1949. In: Family Business in China, Volume 1. Palgrave Macmillan Asian Business Series. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-51395-5_9
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DOI: https://doi.org/10.1007/978-3-030-51395-5_9
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