Word: fung
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...distribution business Li & Fung, based in Hong Kong, has applied self-organizing models from the natural world to stitch together a network of thousands of microsuppliers to keep its complicated--and generally low-margin--business running at a 30% profit margin...
...extradition hearing for 34-year-old Kenneth Kin-Yuen Fung—who is also known as Kenneth Chi-Keung Fung and Edward Fong, the name he used to register at the KSG—is scheduled for Tuesday at 10 a.m., said Samantha Martin, a spokesperson for the U.S. Attorney’s Office...
...Fung will remain in federal custody until the hearing...
...South China Morning Post reported last week that Fung has agreed to be extradited to Hong Kong, where he faces up to 10 years in jail for each of the 12 charges against him for theft and false accounting records...
...sent to Hong Kong, Fung faces up to 10 years in jail for each of the 12 charges against...