Li Ka Shing

Re: Li Ka Shing

Postby behappyalways » Thu Jun 30, 2016 3:01 pm

Hong Kong Billionaire Li Ka-Shing: An In-Depth Interview
http://www.bloomberg.com/news/videos/20 ... -interview
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Re: Li Ka Shing

Postby winston » Fri Oct 07, 2016 4:41 am

Tycoon eyes tech startup investments

Tycoon Li Ka-shing, pictured, who made early investments in the likes of Siri and Facebook, is examining startups involved in artificial intelligence and 3-D printing to find the next company that could shake up the technology world.

Through his charity, the Li Ka Shing Foundation, Hong Kong's wealthiest man has most recently been looking at investing in the field of carmaking via 3-D printing, foundation director Frank Sixt said in an interview.

Li is also keen on startups involved in artificial intelligence, big data and high-tech food such as the meatless "Impossible Burger," Sixt said.

Providing seed money may only be a small part of Li's empire - the 88-year-old also controls telecoms-to-infrastructure giant CK Hutchison Holdings (0001), and is widely known in Hong Kong society for his business acumen.

Other technology investments he has made include Spotify Ltd, Airbnb Inc, and Google's DeepMind.

"Trying to understand what investments have the potential to be very disruptive, but also in a very good way, to sort of transform the way we all live our lives in the future is a big theme in choosing investments," said Sixt, who also serves as finance director at CK Hutchison.

Artificial intelligence, in particular, has been on Li's mind. In a wide- ranging interview earlier this year with Bloomberg Television's Angie Lau, the billionare mentioned the topic at least four times.

The surge in computing power, the amount of memory available and falling costs have led to a "rebirth in every type of artificial intelligence endeavor," Sixt said.

Source: BLOOMBERG
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Re: Li Ka Shing

Postby behappyalways » Wed Dec 28, 2016 3:27 pm

Inside the Global Empire Run
by Hong Kong’s Richest Man
https://www.bloomberg.com/graphics/2016-li-kashing/
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Re: Li Ka Shing

Postby behappyalways » Thu Dec 29, 2016 3:28 pm

stop-shopping-and-start-sharing-superman-li
https://www.bloomberg.com/gadfly/articl ... uperman-li
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Re: Li Ka Shing

Postby winston » Tue Apr 18, 2017 9:02 am

The Richest Man In All Of Asia Is Aggressively Preparing For Collapse

By Mac Slavo

‘He’s not just looking for investing in gold mines… he literally wants to find more ways to take physical gold back to Hong Kong and have that exposure.’


Physical precious metals, certificated precious metals, and precious metals equities occupy about one-third of one percent of the savings and investment assets of the United States.

The corresponding number at the top of the last bull market.. real bull market in 1981… was 8%…


Source: SHTFplan.com

http://www.thetradingreport.com/2017/04 ... -collapse/
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Re: Li Ka Shing

Postby behappyalways » Fri Mar 23, 2018 5:24 pm

Plastic flower of the flock

Li Ka-shing cedes a sprawling empire to his son

The tycoon’s retirement marks the end of an era for Hong Kong


“TOO long” was how Li Ka-shing, known fondly by locals as chiu yan (Superman) for his business nous, described his working life when he announced on March 16th that he would be retiring in May.

Asia’s pre-eminent dealmaker has been around for longer than his fictional namesake, scoring and selling assets in ports, telecoms, retail and property to amass a fortune estimated at $36bn.

Few expect Mr Li, who will turn 90 this summer, to hang up his cape for good. He says he will stay on to advise his eldest son, Victor Li, who will inherit his two main businesses.

The first is CK Hutchison, a conglomerate with interests in power plants, perfume and much in between. It runs 52 ports and owns 14,000 high-street stores, including Watsons at home and Superdrug in Britain. The second is CK Asset, one of Hong Kong’s biggest property developers. Combined they are worth $79.7bn.

At the press conference the younger Mr Li made all the right noises. “When I return to work tomorrow, it will be the same,” he told investors. They took it well—shares in the two CK businesses dipped only modestly at the news. His father’s willingness to cut him off and answer reporters’ questions himself may have reassured them that he really will stick around.

Succession is a delicate matter. Joseph Fan of the Chinese University of Hong Kong has found that family-run firms in Hong Kong, Singapore and Taiwan lose 60% of their value on average in the years before and after a change. Many a tycoon has proved hopeless at planning for his departure. Discussing death is regarded as unlucky. Most cling on past their prime.

Not so the meticulous Mr Li. As early as 2000 it became clear that Victor would inherit his empire, after his second son, Richard, stepped down as deputy chairman of Hutchison Whampoa (now CK Hutchison) and went his own way. In 2012 Mr Li made this line of succession official.

According to Oliver Rui of the China Europe International Business School in Shanghai, Mr Li also simplified a complex holding structure in 2015 with the handover in mind. He split property holdings from other assets, boosting both firms’ valuations and making it easier for his son to sell off bits of the empire in future.

Mr Li has also been reinvesting his fortune in stable, cash-generating assets in Europe. These now account for close to two-thirds of CK Hutchison’s operating profit, compared with just 16% from Hong Kong and mainland China.

In November he sold a 73-storey skyscraper on Hong Kong island for $5.2bn, and since 2013 has parted with $3bn-worth of commercial properties in Beijing, Shanghai and Guangzhou.

Although both father and son speak of continuity, many in Hong Kong see Li senior’s exit as the end of an era—and not just for his empire. Mr Li came to Hong Kong as a wartime refugee, fleeing Guangdong with his family in 1940 at the age of 12. His father died soon afterwards, and he was taken out of school and put to work. In 1950 he was among the first in the British colony to get into the plastics business. His plastic flowers were a hit. (His future wife came from a well-off industrial family, helping with credit and connections.)

When property prices slumped during riots in 1967 he pounced, setting up his first property company in 1971. The timing was propitious; Hong Kong’s economy grew by 9% a year on average in that decade.

He went on to operate container ports, and belonged to the first wave of outsiders to invest in China when it opened up in the late 1970s. In Hong Kong he bought into everything from groceries to pharmacies, and supplied swathes of the city with electricity.

Through Hutchison, an old British trading house that he bought in 1979 (the first time a Chinese took control of a British firm), he expanded abroad in a way no other local tycoon has. Unusually for a head of a family firm, he sought out professional managers, many of them foreign.

The incoming boss has worked with some of them for decades. Victor is credited with CK Hutchison’s push into overseas utilities, including three big recent investments in energy infrastructure in Australia, Canada and Germany. Still, if he has his own vision for the business, it may not become apparent for two to three years, says Mr Rui.

It could use fresh thinking. Two decades ago, Mr Li’s stocks were among the ten most actively traded on Hong Kong’s exchange, according to Bloomberg, a data provider. Now they are outside the top 30. A foray into biotech has been ho-hum.

As for Hong Kong, it is less fertile ground for would-be tycoons than before. Oligopolies are entrenched locally. Mainland China, meanwhile, produces a dollar billionaire every five days.

Pony Ma and Jack Ma, (unrelated) founders of Tencent and Alibaba, two tech giants, are richer than Mr Li. A new Li Ka-shing is more likely to rise in next-door Shenzhen than in Hong Kong.

Source: The Economist
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Re: Li Ka Shing

Postby behappyalways » Tue Nov 27, 2018 7:18 pm

中共擬表彰改革開放功臣
李嘉誠榜上無名
https://hk.news.appledaily.com/internat ... 7/20555619
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Re: Li Ka Shing

Postby behappyalways » Sat Jan 12, 2019 6:39 pm

李嘉誠預警:今年成個世界經濟差
https://hk.news.appledaily.com/local/da ... 2/20589318
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Re: Li Ka Shing

Postby behappyalways » Fri Jun 28, 2019 10:10 am

Hong Kong tycoon Li Ka-shing’s influence threatened at Shantou University, which he helped found
https://www.scmp.com/news/hong-kong/soc ... ed-shantou
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Re: Li Ka Shing

Postby behappyalways » Sun Dec 01, 2019 4:46 pm

How Hong Kong's greatest tycoon went from friend of China to punching bag
https://www.reuters.com/investigates/sp ... s-tycoons/
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