Shanghai's architectural legacy

However, Shanghai often rewards risk-takers. Moiler often went to watch horse races in Shanghai, dreaming that he would become rich and famous overnight. Shortly afterwards, his dream came true, and he began to win bet after bet on the races, almost as if he was destined to become rich and successful. He Then spent a fortune purchasing an Arabian racehorse, which went on to set records at the Shanghai racecourse and further bolstered Moller's wealth. He continued to purchase other horses and went on to dominate the racing scene in Shanghai. Moller was also an astute man and realized that while racing could put him on a sound financial footing, it was not something he could rely on for a living. After he had accumulated enough capital, he broke into the shipping industry, and after he handed his company over to his son Eric in 1913, it continued to develop considerably.
By 1920, the company that Eric Moiler took over had already acquired 17 ships with a total tonnage of 50,000 tons,a portfolio second only to Jardine Matheson and the China Merchants' Steam Navigation Company. In 1925 Eric rented appear on the Huangpu River (often known as the Moiler Pier")and established another company to carry out the building, repair and regular maintenance of his ships. He then built a a15,000 m2 factory on Fuxing Island in 1933, which was mainly used for ship maintenance.