• Fri
  • Dec 19, 2014
  • Updated: 5:40am

Richard Li Tzar-Kai

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.

FWD war chest talk after Richard Li sells HKT stake

Richard Li Tzar-kai sold his stake in HKT and HKT Trust last week soon after their stapled units had reached a record high. Photo: Bloomberg

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

Hong Kong skyline to make room for high-rise data centres

This PCCW data centre was converted from an industrial building.

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's insurance firm gains, while HKT shares fall in HK$1b deal

FWD Life Insurance, controlled by Richard Li Tzar-kai, is said to be selling 118 million fund units of HKT Trust at up to HK$9.30 per unit. Photo: Oliver Tsang

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 to transform hybrid Karma into petrol-guzzling V8

After-life for the hybrid Karma includes becoming a petrol-driven sports car called the Destino. Photo: AFP

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

Consumer worries over Li family's telecoms grip in Hong Kong after CSL deal

Richard Li Tzar-kai

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

HKT's acquisition of CSL makes Richard Li telecoms kingpin again

Richard Li Tzar-kai. Photo: Bloomberg

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

Fast FWD plan to put rebranded unit in top five

Richard Li Tzar-kai

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

HKT shares slip after Richard Li sell-off

PCCW chairman Richard Li currently holds about 2.9 per cent direct interest in HKT Trust. Photo: AFP

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 pays US$2.1b for ING's insurance assets

Richard Li pays US$2.1b for ING's insurance assets

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 sells Hong Kong, Macau, Thai insurance units to Richard Li

Pacific Century Group boss Richard Li said the US$2.14 billion purchase of ING’s Hong Kong, Macau and Thailand insurance businesses was in line with the group’s long-term strategy. Photo: AFP

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

Richard Li close to a deal on ING's insurance units

ING's Malaysian unit, above, has been sold while Richard Li will likely pick up two others.

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

Hong Kong's Victor Li, son of 'Superman', has hard act to follow

Victor Li Tzar-kuoi, left, with father Li Ka-shing, right,  at a Cheung Kong Holdings Limited news conference on May 25, 2012. Photo: SCMP

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

Cab Chat

Ho Chun-keung ponders the PCCW saga and bemoans Hongkongers' admiration for those who focus on making quick money

16 Feb 2009 - 12:00am

Promotion for jazz legends decidedly mellow

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

WHAT THE BROKER SAYS

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

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