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missionary named John Fryer. Though he studied only in evening class, he learned to speak English as well as his uncle. In 1859, through his personal ties with Xu Run, he was introduced to Dent & Co. to work as an assistant in freighting and warehousing until 1868 when the firm was dissolved. Zheng then turned to a foreign tea company Heshengxiang as a comprador and later became a manager, and eventually the owner. In 1874, Zheng joined the Butterfield & Swire Co. as a comprador to its affiliate China Navigation Co. until 1881. He then turned to assist Sheng Xuanhuai in managing the China Merchants' Steam Navigation Co. thus terminating his compradorial career.
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From Table 6 we can see Zheng was interested in a lot of modern enterprises. In absence of sources, we are unable to know the exact amount of his investment. A preliminary estimate as shown in the table was about thirty thousand taels. This is near Yenping Hao's assessment of forty thousand taels. Modern enterprises in which Zheng invested varied from commercial and financial to industrial and mining; they were scattered over Shanghai, Tianjin, Canton and other Chinese cities as well as Southeast Asia. As previously discussed, Zheng favoured joint-stock companies. He thought it was a powerful business organization and he considered it reasonable to have opened company accounts as a way to solicit support of shareholders. Zheng was quite conservative in starting a new undertaking. He had objected to Tang Tingshu's plan to establishing the Hongyuan Co. in London in 1881.35 Instead he had shown his genius in solving technical problems occurring in some guandu shangban enterprises such as China Merchants' Steam Navigation Co., Kaiping Coal Mines, Imperial Telegraph Administration, Hanyang Iron Works, Shanghai Cotton Mill and Canton-Hankow Railway Co., for which he had won appreciation from his patrons including Li Hongzhang and Sheng Xuanhuai. He had helped Sheng Xuanhuai in reorganizing the Hanyang Iron Works, Daye Iron Mines with Pingxiang Coal Mines into one limited liability company under the name of Hanyeping. It was incorporated at the Ministry of Commerce in 1908. One year later, he also reorganized the China Merchants Steam Navigation Co. into a public company. Moreover, he was a pioneer in introducing the latest methods in organising joint-stock companies, as he had translated the company laws of Hong Kong promulgated in 1865 from English to Chinese.
As a Cantonese comprador, merchant and so-called comprador-merchant as mentioned before, Xu, Tang and Zheng were all regarded as outstanding in performing entrepreneurial activities, particularly in