Often referred to as “Superman” in Hong Kong because of his business prowess, Li Ka-shing is the richest businessman in Asia, and chairs conglomerate Hutchison Whampoa and Cheung Kong Holdings, a property group. Li turned Cheung Kong Industries into a top property group, and Cheung Kong expanded to acquire Hutchison Whampoa in 1979 and Hongkong Electric in 1985. Li is a noted philanthropist and heads a charitable foundation that is a shareholder in Facebook.
Tom Group, the media conglomerate controlled by Hong Kong tycoon Li Ka-shing, plans to step up the expansion of its e-commerce joint venture in mainland China.Thursday, 26 February, 2015, 1:49pm
Tycoon Li Ka-shing-controlled utilities firm Power Assets posted a 28 per cent decline in underlying profit for last year due to the spin-off of its Hong Kong power unit and the absence of tax credits that boosted profit of its operations in Britain in 2013.24 Feb 2015 - 6:37pm
Hutchison Port Holdings Trust took a HK$19 billion “goodwill” impairment write-down of its Hong Kong terminal assets, amid concerns Li Ka-shing is retreating from Hong Kong.7 Feb 2015 - 1:37pm 6 comments
Billionaire Li Ka-shing is mulling a partial disposal of the port assets held by Hutchison Whampoa Limited to a consortium of state-owned mainland Chinese firms while ratcheting up his effort to snap up assets in Europe in an increasingly hectic round of corporate restructuring.6 Feb 2015 - 5:29pm
At one time, the port assets of Hutchison Whampoa were the crown jewels in the business empire of billionaire Li Ka-shing. Today, those assets seem to be losing their lustre.6 Feb 2015 - 6:30am
Billionaire Li Ka-shing is mulling a partial disposal of the port operations held by Hutchison Whampoa to a consortium of state-owned mainland firms while ratcheting up his effort to snap up assets in Europe in an increasingly hectic round of corporate restructuring.6 Feb 2015 - 12:13pm 12 comments
Billionaire-industrialist Li Ka-shing is about to make his biggest telecommunications-related acquisition, with a deal to buy British mobile operator O2 for as much as 10.25 billion pounds (HK$119.4 billion).23 Jan 2015 - 6:29pm
Billionaire Li Ka-shing’s Cheung Kong Infrastructure Holdings (CKI) on Wednesday announced a plan to issue 80 million news shares to its controlling shareholder Hutchison Infrastructure Holdings to raise HK$4.6 billion.21 Jan 2015 - 9:24am
Cheung Kong (Holdings) and Cheung Kong Infrastructure Holdings have agreed to acquire Eversholt Rail Group, a major rolling stock operating company in Britain, in the first acquisition by Cheung Kong since it announced its restructuring plan.
CKI said yesterday it had formed a 50-50 joint venture with ultimate parent firm Cheung Kong to acquire Eversholt.21 Jan 2015 - 9:05am 1 comment
It's official. Li Ka-shing is no longer Beijing's favourite businessman in Hong Kong.
Just a week after Li, Hong Kong's richest man and widely believed to have particularly good relations with former president Jiang Zemin, announced an overhaul of his empire, including re-registering his two new flagship groups abroad, mainland media launched a new round of war of words on Li.20 Jan 2015 - 10:03am 17 comments
Billionaire Li Ka-shings’ decision to pitch his tent in the Cayman Islands because it is a more “convenient” place to set up his new firms has had the effect of stoking the question whether Hong Kong has lost its allure as an easy place to do international business.15 Jan 2015 - 3:40pm
Cheung Kong Holdings Ltd. is seeking a loan of as much as HK$55 billion (US$7.1 billion) as billionaire Li Ka- shing reorganizes his corporate empire, according to five people familiar with the matter.15 Jan 2015 - 8:51am
A prominent businesswoman and close friend of Li Ka-shing, Solina Chau Hoi-shuen, has made rare comments about Hong Kong politics - as well as Asia's richest man, who she believes is too open-minded to ever enter politics.14 Jan 2015 - 7:27pm 10 comments
Efforts of billionaire-industrialist Li Ka-shing to spur consolidation in the European telecommunications market will likely accelerate, after Hong Kong’s richest man completes the restructuring of his two flagship companies.13 Jan 2015 - 8:38am
Analysts were quick to identify value in the deal, mainly to come from the removal of a complex controlling structure dating back to 1997.13 Jan 2015 - 5:24pm 1 comment