Li & Fung CEO Spencer Fung speaks at the 2016 annual results briefing on Wednesday. Photo: Xiaomei Chen

Li & Fung misses estimates with 47pc decline in 2016 profit

Revenue and profit fell for the third year, as e-commerce puts producers directly in touch with customers, cutting out the middleman

Topic |   Hong Kong company reporting season

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Li & Fung CEO Spencer Fung speaks at the 2016 annual results briefing on Wednesday. Photo: Xiaomei Chen
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