Li Fuchen (?~1910) Li Fuchen (?-1910) was a native of Tianjin. In his early years, he came from a poor family and made a living as a peddler, running a small money stall, exchanging silver currency, and dealing with money notes. Observing that employees of foreign firms in Tianjin earned relatively good incomes, he sought help to get a job as a handyman at the British-owned Jardine Matheson-affiliated trading company, Dent & Co., performing odd jobs such as carrying slop buckets. Due to this experience, even after he became wealthy, people often referred to him behind his back as “Slop-water Li.” In the late Qing Dynasty, due to variations in the silver content and standards across regions, as well as the complexities of dealing with copper cash, money notes, and transfer codes, the Chinese accounting offices of foreign firms had to hire experienced locals to handle silver exchange, cash counting, and debt collection... More+
Li Jifu Li Jifu was the son of Li Fuchen (a native of Tianjin who became wealthy as a comprador for Dent & Co., and was known as “Dent’s Li”), and he also served as a comprador for the British firm Dent & Co. After Li Fuchen passed away in 1910, Li Jifu and his younger brother Li Zhinian took over the comprador positions at the firm. The two brothers divided their responsibilities, with Li Jifu handling imports and Li Zhinian managing exports. At the time, import operations were less profitable than exports, so the activities of his younger brother Li Zhinian became the primary source of wealth for the “Dent’s Li” family. Another source of the “Dent’s Li” fortune came from real estate — taking advantage of the expansion of the British Concession, they bought land and sold it at higher prices, amassing great wealth and acquiring multiple properties. Li Jifu passed away in 1927 due to illness... More+
This article is published by HowToTrip. Sharing and reposting are welcome — please credit the source.
Article URL: https://www.howtotrip.net/travel-8136