Tai Ping was founded in 1956 by seven Hong Kong businessmen to preserve the ancient Chinese art of handmade carpets and provide job opportunities for villagers in mainland China. The company remains dedicated to its founding principles of honoring traditions, helping communities, and protecting customers, craftspeople, and communities through teamwork and commitment, as symbolized by an early incident where they worked together to safely deliver a large carpet during a typhoon. Today Tai Ping has over 3,100 employees worldwide, manufacturing facilities in China, Thailand, and the US, and is listed on the Hong Kong stock exchange.