Companies achieve revival through keeping up with the changes

As other businesses have been wiped out during China's period of vast change and unprecedented business growth, these three Shanghai-based time-honored brands have not only survived but become leaders in their fields:

Lao Feng Xiang

Founded in 1848, one year after Cartier was born in Paris, Lao Feng Xiang is not only known as one of China's oldest jewelry brands, but also as one of the most successful time-honored brands standing against the competition with its overseas peers since the 1990s.