Stan Tang, chairman of Stan Group, accepted an invitation from the TVB to appear on the programme "Pass On The Torch" and share his vision, business updates and thoughts about the Group’s development. He also discussed the Group’s guiding philosophy and plans for igniting innovation in local communities as he develops the legacy of his father, Tang Shing-bor.
Fondly known as “Uncle Bor” and “the Shop King”, Tang Shing-bor is one of the best-known names in the world of Hong Kong property investment. His son, Stan, has been taking the family business even further, beginning with a venture aimed at creating shared value for the community.
In 1970, Uncle Bor founded the Tang family’s property investment business; today, it is valued at approximately HK$30 billion. The family business chain now operates in partnership with Stan Group and will likely continue growing in value thanks to Stan’s strategies for delivering long-term capital appreciation through the creation of shared value, leading with innovative ideas and using business resources to drive social progress while maintaining profitability.
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In 2015, Stan created THE WAVE, an integrated business platform for budding enterprises. The brand’s core values are: make it happen, celebrate difference, be agile and inspire. Stan Group revitalised a run-down industrial building, turning it into a physical hub for THE WAVE. “Just don’t call it a co-working space,” says Stan. “It’s a CSV [creating shared value] platform to support the ecosystem of local entrepreneurial development, as well as propagate the entrepreneurial spirit to the masses.” The prototype is a bricks-and-mortar base for creating engagement among corporations and entrepreneurs, with the aim of driving innovation in Hong Kong’s start-up community.
Over time, Stan envisions his businesses becoming a diversified community that uses CSV to have a revitalising effect. He believes this process encompasses self-challenge, vision alignment, business development and social re-engineering. Furthermore, he is passionate about taking risks and trying new things – hallmarks of the entrepreneurial spirit. He describes this approach as a driving force at Stan Group, saying, “This spirit helps create synergy, and influences the way we innovate, optimise and transform our businesses.” Finally, Stan believes shared value means growing the company within the context of social inclusion. “The value creation process touches our people, culture and strategies,” he says. “We will make these shared principles part of our future endeavours.”