Tom.com, a joint venture between Cheung Kong (Holdings) and Hutchison Whampoa, will sell less than a 10 per cent holding to Pacific Century CyberWorks, according to Li Ka-shing.
Mr Li, Cheung Kong and Hutchison chairman, said the investment by CyberWorks in Tom.com was expected to be finalised soon.
CyberWorks is a subsidiary of Pacific Century, which is controlled by Mr Li's son Richard Li Tzar-kai.
Tom.com is a new company aimed at developing multilingual portals for mainland-related infotainment.
The company is 40 per cent owned by Hutchison Whampoa, 20 per cent by Cheung Kong and 40 per cent by another group of investors.
Mr Li said he was confident about the outlook for the industry, adding many companies wanted to invest in Tom.com.
