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China Entrepreneur of the Year Alice Hung C90 W90. During a fireside chat at the Wharton Global Forum in Shanghai and in an interview with Wharton Magazine, the Penn Wharton Entrepreneurship award winner discussed her remarkable story and offered advice for success in business and in life.
Lianhe Zaobao senior correspondent Chew Boon Leong speaks with Alice Yin Hung, entrepreneur and founder of Paeonia Group, who moved to Singapore from Hong Kong four years ago. Having been at the lowest rung of society in her early years, Hung seized the opportunities brought about by China’s economic takeoff to build her fortune.
Why this global business leader chose Singapore as her new home. Alice Hung shares her motivations, and challenges she faced, in moving from Hong Kong to Singapore during the pandemic. By SGN | 8 Nov 2022. 2020 was probably not the best time for relocating, yet that was the year when Alice uprooted her family and moved from Hong Kong to Singapore.
Self-made entrepreneur Alice Y Hung is having none of that. Hung, who founded a leading testing equipment and laboratory instrumentation business, is determined to give most of her wealth away. By giving to education and the academe, among others, she aims to build a legacy far larger than her immediate family.
Alice Yin Hung, C’90, W’90, Wharton graduate, entrepreneur, daughter, and mother, knows that planting seeds of success with certainty and love, will make things happen. How those things work out may not be predictable, but Hung trusts in the power of taking first steps and understands that risks are a part of every journey.
Ms Alice Yin Hung is the founder of Paeonia Group, a Singapore-based family office and investment holding company. It directly manages wholly owned companies in the US and Greater China with decades of operating history in global markets.
Alice Yin Hung is the founder and CEO of Universal (Hong Kong) Technology Co. Ltd., a leading scientific and analytical instruments sales and distribution company in Asia; and the founder of CFR Engines Group of Companies, a leading testing instrument manufacturer for petroleum-related products. Ms.
