The pair of Financial Review Young Rich Listers behind one of Australia’s most successful e-commerce businesses have parted ways, following a $101 million buyout.
Werner Liu, 38, and Fung Lam, 40, founded New Aim as recent university graduates in Melbourne in 2005, after getting a taste for e-commerce by bulk-purchasing products from two-dollar shops and reselling them on eBay.
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Michael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney. Connect with Michael on Twitter. Email Michael at m.bailey@nine.com.au
