Ken Lee (businessman)
Ken Lee (Chinese: 李光裕, Pinyin: lǐ guāng yù, 1932 – 21 December 2007) was a Chinese-Australian businessman who co-founded the Bing Lee chain of electronic stores with his father, Bing Lee. He also served as the company's chairman from 1987 until 2007.
Ken Lee grew up in a poor rural region of Shandong province in China. Lee and his family, including his father, Bing Lee, fled China after the Communist Revolution when he was just 16. They eventually settled in Australia.
Bing Lee stores
Ken and his father, Bing Lee, opened their first Bing Lee store in Fairfield, New South Wales in 1957 as an electrical sales and repair store. Lee's first job at Bing Lee was as a repairman and salesman. However, he and his father gradually built the Bing Lee chain from its first store into a multi-million dollar retail business.
Bing Lee died in 1987, leaving his son, Ken Lee, as the sole owner and chairman of the Bing Lee company. By 1987, Bing Lee had expanded to 11 stores. There are now over 35 stores located throughout New South Wales and the Australian Capital Territory, as of 2007. The company now has over 700 employees. According to news reports, Ken Lee knew nearly all of his 700 employees by name.
Ken Lee died on 21 December 2007, at St Vincent's Hospital, Sydney, aged 75, from cancer. He was survived by his wife, sons and six grandchildren. His elder son, Lionel Lee, succeeded as head of the company.