Merchant on the Salt-Tobacco Road: Liu Xiyi’s Business Strategy and Business Network

Starting with almost nothing, Liu XiyiLiu Xiyi became the most prominent merchant in Guizhou during the 1930s and 1940s. The salt trade was Liu’s initial business interest and enabled him to build his wealth. However, his focus shifted to other industries during the 1940s, and Nanming Tobacco Factory became one of his most important business achievements during this period.