Li Ka Shing News

Companies

How the world’s most expensive skyscraper deal turned sour

After initially making quick profits flipping floors in the 73-story tower ‘The Center’, the combination of anti-government protests, the coronavirus pandemic and escalating US-China tensions has seen vacancies surge, rents drop and dealmaking dry up

5 min read30 Sep 2020
Technology

Li Ka-shing, Hong Kong’s richest man, made early Zoom bet that’s now worth $3 bn

However, Li Ka-shing's overall fortune has tumbled $5 billion amid the pandemic

1 min read10 Apr 2020
News

How Li Ka-shing’s bets shielded his empire from the Hong Kong crisis

Li Ka-shing saw the risks of placing all his bets in one place and started diversifying 25 years agoYears of diversification into Europe, North America and Australia have made CK Hutchison the least exposed among Hong Kong conglomerates to the months-long political protests

3 min read28 Aug 2019
Companies

Hong Kong skyscraper The Centre sold for record $5.15 billion: Report

Li Ka-shing's CK Asset sold its 75% stake in The Centre, located in Hong Kong's central district, to a consortium led by a Chinese energy firm

1 min read16 Oct 2017
Companies

Mukesh Ambani becomes Asia’s second richest man as debt fuels Reliance growth

Mukesh Ambani zooms past Li Ka-shing to become Asia's second richest man as investors rallied behind his Reliance Jio efforts , sending RIL shares to record highs

5 min read1 Aug 2017
Opinion

High returns don’t run in the family for Asia’s business empires

In an increasingly competitive global environment, second generations of Aisan tycoons find it difficult to keep their parents' businesses flourishing

2 min read27 Jun 2017
Companies

Billionaire Li Ka-shing said to retire by 2018: report

CK Hutchison chairman Li Ka-shing is likely to step down by his 90th birthday in July next year, reports Wall Street Journal

2 min read20 Jun 2017
Companies

Billionaire Li looks at Siri-like software, 3-D printed cars

Li Ka-shing wants to invest in the field of car making via 3-D printing and is also keen on start-ups involved in artificial intelligence, big data and high-tech foods

1 min read5 Oct 2016
Market

Indian, Chinese billionaires worst hit in Monday’s stock market rout

Chinese billionaires lost more than $14 billion or 6% of their collective net worth, according to the Bloomberg Billionaires Index

3 min read25 Aug 2015
Companies

Jack Ma becomes Asia’s richest person passing Hong Kong’s Li Ka-shing

Ma adds $25 billion to his fortune this year, riding a 54% surge in Alibaba's shares since its September IPO

2 min read12 Dec 2014
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