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.
Richard Li Tzar-kai is keeping the market guessing on his next move after a share transaction between two companies he controls has some observers on watch for another acquisition by the dealmaker.Monday, 13 October, 2014, 9:14pm
A new era of high-rise data centres has arrived in land-constrained Hong Kong, which could help lead more online businesses to locate and grow in the city.10 Oct 2014 - 6:10am
Richard Li Tzar-kai has once again shown his deal-making savvy in a transaction between prominent businesses he controls, in this case insurance group FWD, and HKT Trust and its operating arm HKT.9 Oct 2014 - 5:36am
Fisker Automotive's Karma sports car, once a status symbol for A-list environmentalists in the United States, will come roaring back, powered by a supercharged V8, according to plans revealed by its new owner.
The US unit of Chinese firm Wanxiang received approval on Tuesday to acquire Fisker's assets for US$149.2 million.20 Feb 2014 - 12:23am
Li Ka-shing's family will tighten its grip on the city's HK$63 billion telecommunications market with a takeover in mobile phone services announced by Richard Li Tzar-kai that has raised consumer concerns about fair competition, even though industry players have insisted the deal could help cap costs for users.23 Dec 2013 - 7:26am 1 comment
Richard Li Tzar-kai is back on top of Hong Kong's telecommunications industry after the tycoon's PCCW-controlled HKT agreed yesterday to acquire CSL New World Mobility, a subsidiary of Australian network operator Telstra, for HK$18.8 billion.21 Dec 2013 - 8:22am 7 comments
Unveiling the company's new name and the blueprint for the way forward, chief executive David Wong Tai-wai said the firm aimed to become one of the top five insurers in the city in five years. It is currently ninth.12 Sep 2013 - 3:27am
Shares of HKT Trust, which runs the city's biggest fixed-line telecommunications network, were down 2.53 per cent to close at HK$7.70 in trading yesterday.13 Apr 2013 - 6:29am
Richard Li Tzar-kai stepped up his game in the financial market by agreeing to pay US$2.14 billion for ING's insurance business in Hong Kong, Macau and Thailand yesterday.20 Oct 2012 - 11:24am
ING Group said it has agreed to sell its Hong Kong, Macau and Thailand insurance businesses to Richard Li Tzar-kai’s Pacific Century Group (PCG) for HK$16.59 billion.19 Oct 2012 - 6:08pm
ING Group, under European Union orders to divest assets, is near an agreement to sell its Hong Kong and Thailand insurance businesses to Richard Li Tzar-kai, three people familiar with the matter said.19 Oct 2012 - 3:33am
Back in the days before e-mail, Victor Li, the heir to Asia’s largest family fortune, used to sleep with a fax machine by his bed, ready for his famously restless father, Li Ka-shing, to send through instructions at any time of night.15 Oct 2012 - 5:49pm
Ho Chun-keung ponders the PCCW saga and bemoans Hongkongers' admiration for those who focus on making quick money16 Feb 2009 - 12:00am
If you've been stuck in the Wan Chai traffic near the Cross-Harbour Tunnel, then you might know about this concert. Otherwise, a coming show with jazz stars George Benson and Al Jarreau might be one of the worst-publicised music events ever in the city.29 Jul 2008 - 12:00am
Nomura Asia research says the biggest challenge facing Pacific Century Insurance (PCI) in the second half of the year is how to get investment returns back to an historical average of 7 per cent, which is also the investment assumption for enterprise value.
In the second quarter PCI net income fell 58 per cent quarter on quarter, hit by a lower investment return.14 Aug 2005 - 12:00am