Tom Group teamed up with China Post in 2010 to set up Ule, an e-commerce joint venture . This is expected to be a key driver of growth for the group in the coming years as it repositions itself in China. Photo: Bloomberg

Li Ka-shing’s Tom Group to spend lavishly on e-commerce, fintech and data analytics in China to avoid repeat of 2015 net loss

Group says it will reorganise investments and business on the mainland as challenges remain this year

TOP PICKS

Tom Group teamed up with China Post in 2010 to set up Ule, an e-commerce joint venture . This is expected to be a key driver of growth for the group in the coming years as it repositions itself in China. Photo: Bloomberg
READ FULL ARTICLE