Taking over the reins and stepping into his father's shoes

To Larry Chan, his father Carlos has always been a doting figure, a successful businessman and a generous philanthropist that he and his five siblings have always tried to emulate.

Carlos introduced Liwayway, the family's snack business in the Philippines, to China in 1993, setting up two joint ventures in Shanghai and creating the brand Shanghaojia, a Chinese equivalent of its already successful Oishi back in the Philippines. Over the span of a decade, the brand grew to become one of the most popular in the market.

In 2005, Carlos was conferred the Honorable Citizen of Shanghai Award for his outstanding contributions to the city's development. The event was a major affair for the family. After all, Carlos was the first Filipino to receive the accolade.