The Man Behind Crystal Jade
Mr Ip Yiu Tung is the Overall Winner of The Association of Small and Medium Enterprises (ASME) Entrepreneur of the Year Award in 2009.
Mr Ip started his own business more than 30 years ago in 1984 with a watch and clock manufacturing company set to produce and market the watches he designed. An astute businessman then, his company was listed on the Hong Kong Stock Exchange in 1995 with an annual profit of 43 million Hong Kong dollars.
In 1992, Mr Ip invested in the new but under-performing Crystal Jade Restaurant in Singapore as the major shareholder. He managed to turn around the restaurant in just a few years. Meanwhile, in view of the growing competition in the watch industry, Mr Ip sold his shares in the watch company and switched to piano manufacturing instead.
With his vast experience in the region, Mr Ip has led and built Crystal Jade Culinary Concepts Holding from just one restaurant 20 years ago to a regional Food & Beverage group with multiple dining concepts and a presence in 18 cities spread across 9 countries in Asia.