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The pair of Financial Review Young Rich Listers behind one of Australiaâs 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.
Werner Liu, left, and Fung Lam, founders of e-tailer New Aim, have parted ways in a $101 million deal.Â
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Liu and Lam were valued at $273 million each by 2020âs Financial Review Young Rich List, whose 2021 edition will appear in the November issue of