At 18, Nick Mowbray dropped out of college in his native New Zealand and moved to China with his older brother, Mat. The pair spoke no Chinese, had few contacts and little business experience.
But they had an idea: open a factory near Guangzhou, a fast-growing port city in the country’s south, where they would make toys. With a NZ$20,000 ($18,000) loan from their parents, they bought an injection moulding machine and got to work.
