1920s, Growth & Prosperity

Mar 2024

In the 1920s, the Tsao family business, led by its second-generation, George Tsao Ying-Yung, expanded and diversified its services to meet the needs of North Asia’s industrialisation. It was a time of growth and prosperity as the company evolved to serve the needs of its era.

  • From the 1910s to the 1920s, the transportation business grew to include cargo transport, and Tsao Pao Chee evolved into a comprehensive water-transport logistics business with warehousing and banking services.
  • This period of expansion and prosperity saw the business grow from strength to strength. Nancy Tsao-Ng Yu-Shun, George’s wife, operated a large jewellery store in Shanghai known as the Tien Bao Cheng Jewellery Shop.
  • The Tsao family business had multiple businesses in Shanghai and along the Yangtze River.