Li & Fung of Hong Kong (Business) Ltd. was founded in 1906, and after nearly 100 years of struggle has become the world's largest Chinese export company. Moreover, they also operate 68 different stores in 40 countries and locations, including department stores, supermarkets and chain stores, and have established excellent customer relations. Li & Fung's total trade volume for 2002 was 4.8 billion US dollars, 1.8 billion of which was spent in purchase of Chinese goods. Their Shanghai office currently employs over 300 workers. The goods bought in China include raw textiles, home textile products, household decoration, personal decorations, arts and crafts goods, toys, small sundries, stationery, home electronics, sports equipment, travel equipment, tools, glassware, etc.