• Sun
  • Dec 28, 2014
  • Updated: 10:17am

Li Ka-Shing

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.

China's second generation rich pose risks with 'quick money' thinking

Jack Ma's feat in overshadowing Li Ka-shing on Asia's rich list will resonate with many people, especially the younger generation on the mainland.

It's really been a season of changes. Early this month China was confirmed by the International Monetary Fund as having overtaken the United States as the world's No 1 economy.

Monday, 15 December, 2014, 7:33am 2 comments

Alibaba's Jack Ma takes Li Ka-shing's crown as Asia's richest man

Tycoon Li Ka-shing (left) and Alibaba's Jack Ma. Photos: AP, Reuters

Hong Kong tycoon Li Ka-shing has been replaced as Asia's richest man by a relative newcomer, Alibaba chief Jack Ma.

13 Dec 2014 - 1:29am 4 comments

Li Ka-shing’s Hutchison may bid for EE or O2 in UK mobile market

Hutchison Whampoa's 3 Group Europe currently has 26.9 million mobile subscribers in six countries across the continent. Photo: Bloomberg

Hutchison Whampoa could be poised to make its biggest mobile telecommunications investment in Europe as speculation swirled about its reported bid for EE or Telefonica's O2 in Britain.

29 Nov 2014 - 4:37am 1 comment

Li Ka-shing's US$2 billion aviation deal could spark spending spree

Li Ka-shing's Cheung Kong announces four deals to buy 60 planes worth US$2 billion. Photo: Edward Wong

A US$2 billion move into the aircraft leasing business by Li Ka-shing could be the first of a multi-deal strategy that will make Asia's richest man an influential player in global aviation.

6 Nov 2014 - 8:54am 1 comment

Li Ka-shing charges into aircraft-leasing business

Li Ka-shing has been selling his assets but he says he is not pulling out of the city. Photo: Reuters

Li Ka-shing, the richest man in Asia, is making a new investment, but instead of investing in real estate, which has helped him make the bulk of his wealth, he is taking to the air.

12 Sep 2014 - 3:43am

Li Ka-shing’s business empire diversifies to prune risk

Li Ka-shing appears to be planning for the succession of his empire to his offspring. Photo: Edward Wong

Asia's richest man, Li Ka-shing, is in the middle of executing a long-term plan for his empire, diversifying his investments and business risk by taking on a more global profile.

6 Sep 2014 - 2:28am 1 comment

Room at the top for one strong leader

Li Ka-shing is the clear leader of his empire, even though he appears to share credit with Canning Fok Kin-ning. Photo: SCMP

Predicting the future in the business world is basically a mug's game, but one prediction was easy to make: last year's much hyped "merger of equals" between the French Publicis and the American Omnicom advertising companies was doomed to failure.

Even my battered crystal ball managed this prediction, and now it has been vindicated.

14 May 2014 - 1:14am

Li Ka-shing’s rumoured plan to reduce investments ‘could damage Hong Kong’

Li Ka-shing, Asia's richest man. Photo: SCMP

Li Ka-shing's apparent move to reduce his investments in Hong Kong could damage the city's economic competitiveness, says a study by a central government think tank.

10 May 2014 - 4:02am 37 comments

As Li Ka-shing's Hutchison loses its edge, it must reinvent itself

Li Ka-shing has recently been focused on divesting low-growth assets from his Hutchison Whampoa conglomerate. Photo: K. Y. Cheng

Restructurings of family companies often reveal hard truths about their future.

1 May 2014 - 1:16am 1 comment

Did Temasek overpay for its stake in AS Watson?

The AS Watson deal allows Li Ka-shing to pull out some capital from the retailer and redeploy it for better returns. Photo: Bloomberg

Li Ka-shing's latest move to quickly close a HK$44 billion private deal with Singapore's Temasek for 25 per cent of AS Watson may be convenient for him, but the future could reveal that the sovereign wealth fund overpaid for Asia's richest man's own perceived brand and prowess.

2 Apr 2014 - 1:01am 2 comments

Li Ka-shing sells nearly 25pc of AS Watson to Singapore investment giant Temasek

Hutchison Whampoa Chairman Li Ka-shing briefs the media on the stake sale of  retailer A.S.Watson. Photo: Edward Wong

Singapore's giant state-owned investment company Temasek has splashed out HK$44 billion to own an almost 25 per cent stake in billionaire Li Ka-shing's retail arm AS Watson.

22 Mar 2014 - 2:26am 6 comments

Li Ka-shing sells bulk share of port terminal to mainland shipping giants

Li Ka-shing sells bulk share of port terminal to mainland shipping giants

Tycoon Li Ka-shing has sold the bulk of his stake in a port terminal, disposing of another asset in Hong Kong and raising fresh questions about his oft-repeated claim that he has confidence in the city and will not withdraw.

4 Apr 2014 - 10:27am 18 comments

Li Ka-shing's warning is a timely reminder for our divided society

Li Ka-shing, chairman of Hutchison Whampoa and Cheung Kong

When it comes to what Hong Kong should or should not be doing, tycoon Li Ka-shing is never short of views. In a wide-ranging interview with a mainland news outlet recently, Asia's richest man shared his thoughts on democracy, governance, poverty and competitiveness. What sets it apart from previous interviews was the tone. It appeared to be more negative and critical.

13 Mar 2014 - 7:23am 16 comments

Democracy can boost business if people are open-minded, says Li Ka-shing

Li Ka-shing and Solina Chau Hoi-shuen, director of the Li Ka-shing Foundation, in Li's Cheung Kong Center office. Caixin photo by Du Jiang

Democracy in Hong Kong would give a "healthy" status boost to the business community, says Li Ka-shing, but only if people are open-minded.

The Cheung Kong chairman gave a rare insight into his political views in an interview with mainland media company Caixin.com

7 Mar 2014 - 2:45am

Li Ka-shing warns Hong Kong is a 'spoilt child' set on a dangerous path

Investment in Hong Kong is slipping, says Li Ka-shing. Photo: Caixin Photo

Asia's richest man, Li Ka-shing, has warned that Hong Kong is like "a spoilt child" and said the city was headed down a dangerous path of populism. If the trend was not stopped, the city would "have gone totally wrong" in as little as five years.

7 Mar 2014 - 10:59am 74 comments

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