Ex-food and drink boss who sank into ‘pit’ of debt uses ‘wit’ gained from experience; now presides over booming banger business
A Chinese businessman who went from owning three restaurants to bankruptcy, then made a comeback with a roasted sausage brand, has inspired many people online.
Tang Jian, 57, used to own three popular restaurants and bars in Qingdao, a coastal city in eastern China’s Shandong province.
He said that during the peak days of the 2000s, his business generated three million yuan (US$420,000) a month.
But he “greedily” wanted to earn fast and invested his own money and loans from others into maple wood and other businesses that he had no knowledge about.
