Alice Hung '86 is the 2019 recipient of the University of Pennsylvania's Wharton China Entrepreneur Award.
Hung, who graduated from Wharton in 1990, is the founder and chief executive officer of Universal (Hong Kong) Technology Co. Ltd. and the chairperson of Wharton's Executive Board of Asia.
Universal is a leading sales and distribution company in Asia specializing in testing equipment, scientific and research instrumentation, industrial tools, and related supplies. The company provides essential equipment for drug discovery, research, and development in nanomaterial sciences and quantum physics as well as quality assurance for petroleum-related products.
Established in 1991, Universal has five branch offices in China, several service centers in second-tier cities, representative offices in Vietnam, as well as an administrative and logistics center in its Hong Kong headquarters. Its clients include world-class universities like Peking University, Tsinghua University, Academy of Sciences, top-notch research institutions, and almost all of the testing laboratories in China.
"Entrepreneurial spirit is the greatest gift I can give," Hung said at a recent fireside chat at the Wharton Global Forum in Shanghai. "The ability to take risks and enrich one's own life."
Hung is a 2013 recipient of the St. Mark's Distinguished Alumni/ae Award.