Ma Ying Piu
Quick Facts
Biography
Ma Ying-piu (Chinese: 馬應彪; 21 December 1860 – 15 July 1944) was a Hong Kong retailer and businessman. He founded the Sincere Department Store in 1900, the first Chinese-owned department store in China and was the "father of Chinese department stores".
Early ventures and business career
Ma was born in Heungshan (today's Zhongshan) of the Kwangtung Province on 21 December 1860. Following his father's footstep who emigrated to Australia two decades before, Ma went to New South Wales at the age of 19 to work in a gold mine. He was also involved in the cultivation of bananas and the fruit trade which was dominated by Chinese at the time. In 1892, Ma founded the fruit trading firm Wing Sang Company with other Christian Chinese form his village.
Ma returned to Hong Kong in 1894 and set up a store. Impressed by the Western model of department stores, Ma opened the Sincere Department Store with other wealthy investors on 8 January 1900 at 172 Queen's Road Central, which became the first Chinese-owned department store in Hong Kong. In the store Ma introduced Western retailing ideas and engagement of both men and women as sales assistants for the first time which was seen as a revolutionary idea in the conservative colony. He also insisted on the policy of fixed price, practice of providing receipt for each sale and closing the stores on Sundays, being a Christian himself.
The Sincere opened its Canton branch in 1912 and Shanghai branch in 1917. A six-storey Hong Kong store was also opened and was listed on the Hong Kong Stock Exchange in 1917. It had branches in the large cities such as Shanghai, Canton, Singapore, and Namning, with a paid-up capital of $7,000,000 at peak.{ Ma's business also diversified into banking, insurance, hotels and cosmetics, in the form of the National Commercial and Savings Bank, Ltd. in 1921, with an authorized capital of $5,000,000, as well as the Sincere Insurance and Investment Co. Ltd. and the Sincere Perfumery Factory. His business suffered from the Great Depression and the Second Sino-Japanese War in the 1930s which resulted in the collapse of his National Commercial Bank in 1935.
Philanthropy works
Ma has contributed large sums to schools and hospitals, especially in his native town of Heungshan including the establishment Sai Kwong Girls’ School in Shekki, the capital of Heungshan. He also became the first Chinese director of Lingnan College in Canton, to which he made major donations. The Ma Ying-piu Infirmary and the Ma Ying-piu Guesthouse of the Sun Yat-sen University which used to be the site of Lingnan College are named after him.
Political involvement
Ma first met revolutionary Sun Yat-sen, also a Heungshan native, in 1892 during a visit home and was impressed by his vision of the resurrection of China that he agreed to provide him financial support. He supported the anti-Japanese boycott of 1908 in which he spurned Japanese products and replaced by locally made products. He also helped set up the East Canton Red Cross Society to relieve men wounded in the Wuchang Uprising.
Family
He married Fok Hing-tong (1872–1957), second daughter of Fok Ching-shang, the Vicar of St. Stephen's Anglican Church. Fok Hing-tong accompanied Ma to Australia and helped out his business. She also doubled as a saleswoman on occasion. She co-founded the Young Women's Christian Association (YWCA) in Hong Kong and became its chairwoman (1920–23) and director (1920–28, 1948–57). Under her leadership, the YWCA strongly supported the anti-mui tsai movement in the 1920s. The couple had 13 children, of which the fourth son, Ma Man-fai, was a social activist.