Li & Fung, the sourcing giant headquartered in Hong Kong, is launching LFX, a new and separate company designed to capitalize on new digital opportunities that can transform the retail industry and enable sustainability along the supply chain.

Described as “an incubation, investment and operating platform,” LFX will launch and operate digital ventures delivering solutions directly to brands, manufacturers, retailers, e-commerce companies and C2M (consumer-to-manufacturer) players. LFX’ ventures will initially focus on 3D digital product development and supply chain fintech. In addition, a venture capital arm has been created to identify and invest in technologies that transform retailing, supply chain and logistics, the company said. 

Ed Lam, Li & Fung’s chief financial officer and an executive committee member, has been appointed as the chief executive of LFX. Li & Fung is currently in the process of appointing its chief financial officer.