Richard Li Tzar Kai is the younger son of Li Ka-shing, a rags-to-riches tycoon known as “Superman” in Hong Kong, his adoptive home. Li Ka-shing in 2012 anointed his elder son, Victor Li, to follow him at the helm of flagship property developer Cheung Kong (Holdings) Ltd, and Hutchison Whampoa Ltd, a conglomerate whose activities span ports, telecoms retailing, energy and infrastructure. But he also vowed to support the business ventures of Richard Li, who is the chairman of phone, pay-television and Internet company PCCW Ltd, formerly Hongkong Telecom.
Chinese car parts conglomerate Wanxiang has increased its offer for Fisker Automotive, heating up the fight for the failed US maker of electric vehicles.Thursday, 9 January, 2014, 11:34pm
Fisker Automotive, the bankrupt maker of a plug-in hybrid sports car, asked a US federal judge to approve its proposed sale to Hong Kong businessman Richard Li Tzar-kai rather than a mainland Chinese suitor that Fisker alleged was to blame for its failure.4 Jan 2014 - 2:08am
The voters' list for September's Legco elections reflects a quirk of the city's electoral law: 41 companies that will vote for trade-based seats are all registered at the same commercial address. Twenty-eight other firms all share the same address, too.20 Jul 2012 - 12:00am
Telecom tycoon Richard Li Tzar-kai may bid for ING Group's Asia insurance and asset management businesses, according to sources.30 May 2012 - 12:00am
Chief Executive Donald Tsang Yam-kuen looked happy enough to endorse the product, a free internet-messaging software. So did tycoon Li Ka-shing.25 Mar 2012 - 12:00am
PCCW, the media and information- technology services giant controlled by Richard Li Tzar-kai, plans to boost investment in its pay-television business and expand support for corporate data centres on the mainland this year.29 Feb 2012 - 12:00am
HKT Trust and HKT, the first business trust to list in Hong Kong, had a lacklustre debut yesterday amid concerns over the European debt crisis and tougher competition in the telecommunications sector.
The share stapled units of the telecommunications assets of PCCW, controlled by Richard Li Tzar-kai, closed at HK$4.55, against their issue price of HK$4.53.30 Nov 2011 - 12:00am
PCCW is taking in HK$9.3 billion in proceeds from its telecommunications assets spin-off - Hong Kong's first business trust initial public offering - after units were sold at the low end of its price range in a volatile market.24 Nov 2011 - 12:00am
Key shareholders of PCCW have given their financial commitment to the company's telecommunications-assets spin-off, despite lukewarm demand for this business-trust initial public offering - the first of its kind in Hong Kong.22 Nov 2011 - 12:00am
PCCW (8) launched its HK$9.6 billion initial public offering of its telecom assets (HKT Trust) on Wednesday. Analysts view the new listing as expensive. The flip side of that discussion is whether the IPO will create value for existing PCCW shareholders.
Lisa Soh (Macquarie) says the IPO represents a very good valuation of the HKT assets for PCCW.21 Nov 2011 - 12:00am