www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Europe

Ex-banker carves out career in online furniture sales

By Sharmila Devi in London | chinadaily.com.cn | Updated: 2017-04-27 23:49
Share
Share - WeChat

When Li Ning moved to France aged 16 to attend boarding school on a scholarship, he did not speak a word of French.

"I had a Chinese-French dictionary, so I decided to learn it all, from A to Z. I remembered, maybe, only 10 percent of it, but I did eventually learn French."

Li, 34, not only ended up mastering the language but went on to work in banking before becoming an entrepreneur in Paris and then London. He recently announced he will step back as chief executive and take on more of an advisory role at made.com, the online furniture store he helped found seven years ago.

He is thinking about new startup and investment ideas but has no firm plans and may go traveling again, as he did after he sold his first business, another internet furniture company, called MyFab, which he founded in Paris. That time, he traveled in Latin America, Asia, and Africa.

"I love going off to travel," he says.

Li was sent to the French school in the first place because his parents, who are Hakka-speakers from Guangdong province, wanted him to have greater opportunities and France was offering visas and scholarships at a time when the United States and United Kingdom were not.

"My parents are really normal," he says. "My father was in the army before becoming a government clerk, while my mother was a counselor working with the unemployed."

He attended the elite French business school, the Ecole des Hautes Etudes Commercials, and then worked for the French arm of the Rothschild investment bank. He says his parents thought he was mad when he left that job to set up MyFab.

"Banking was useful and formative as my first job. I learned about financial modeling, which was important for me as an entrepreneur," he says. "When I left, my parents thought I was stupid but I was financially independent by then. In fact, I was paying their pension."

He is a classic millennial, the demographic cohort born in the 1980s and 90s, and very much sees his mission as serving "digital natives". In terms of the retail furniture market, he says older people will physically go shopping while younger people will research and buy online and go to the shops perhaps only to check on an item, or for entertainment.

"This behavior will grow and there will be great opportunities for digital brands."

The model followed by made.com involves cutting out the middleman by providing customers with furniture directly from the factory. He met China Daily at the company's offices in central London, which has a showroom comprising some of the items sold on the website. Customers can view the full range on mobile tablets provided in the showroom.

The company's supply chain is global, encompassing factories and suppliers in China, India and Europe. The designs are modern, leading many to dub the company an internet Ikea.

Li likes to be involved in the design and sourcing of products.

"My team says I can be pretty hard to work with because I have extreme requirements for detail," he says. "The last 10 percent makes the difference between good and perfect."

The company employs 300 people, has around 100 million pounds in sales, operates across Europe, and is constantly looking for new markets, including China.

"Our company culture is European but the next step is going global. There's still a lot of opportunity out there because the internet has lowered costs. China is where my heart is and I go often. We employ 40 people in Shanghai but I also go to see my family."

He also spends a lot of time in Paris and may spend more time there in future, given Britain's decision to leave the European Union.

"Brexit sucks," he says. "Maybe one-third of our staff are European and they are thinking about what their future is in this country. Nothing has changed yet but they have families and have to think ahead. When I was setting up seven years ago, if I had known about Brexit, who knows what I might have done."

Do you have any regrets?

"No. Life is great. I've made mistakes but it's the best way to learn. If you've learned from them, why regret it?"

Do you think about your carbon footprint?

"As a company, we are one of the most streamlined because we deliver straight from the factory, rather than from a chain of warehouses, so we have a low carbon footprint. On the other hand, with 100 million pounds in sales, we are impactful. Personally, I travel every week, so I'm not the best."

Are you paid too much?

"I'm not paid that much. My wealth is tied down in the value of the business. It's not what motivates me. It is important but it's not my main goal. Above a certain threshold, you don't care about money."

Do you want to live anywhere else?

"Spain, Italy. I have a lot of dream places but one at a time."

Sharmila Devi is a freelancer and contributed this article to China Daily.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产精品亚洲综合天堂夜夜 | 很黄很色的免费视频 | 欧美大片无尺码在线观看 | 成年人视频在线免费播放 | 欧美一级专区免费大片野外交 | 九九视频免费观看 | 精品成人免费一区二区在线播放 | 久草在线免费色站 | 美女与男人对肌免费网站 | 国产成人亚洲精品 | 国产日韩亚洲欧美 | 91成人爽a毛片一区二区 | 大陆孕妇孕交视频自拍 | 一区二区不卡久久精品 | 国产高清免费在线 | 精品一区二区三区四区在线 | 欧美亚洲国产成人综合在线 | 欧美日本韩国一区 | 久久国产精品久久国产精品 | 岛国搬运工最新网地址 | 亚洲精品视频区 | 国内自拍偷拍视频 | 国产三级久久 | 一级免费a | 欧美一级毛片特黄大 | 欧美成人免费网在线观看 | 欧美日韩 在线播放 | 亚洲专区视频 | 2022免费国产精品福利在线 | 久久久最新精品 | 日本不卡一区在线 | 久久久久久久综合 | 亚洲波多野结衣日韩在线 | 欧美做暖小视频xo免费 | 91精品国产美女福到在线不卡 | 国产成人亚洲日本精品 | 国产精品99久久99久久久看片 | 99re国产视频 | 久久午夜精品视频 | 日本www视频在线观看 | 亚洲一区二区三区在线网站 |