Asia's richest man runs Hutchison Whampoa, a conglomerate whose interests include ports, retail, energy, infrastructure, properties and mobile networks. Through Cheung Kong Holdings, his publicly traded investment company, Li also oversees a real estate portfolio that includes residential and commercial properties, as well as hotels and industrial space.
Li Ka-shing News
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Updated 14 minutes ago
Billionaire Li Ka-shing’s Hong Kong port operator cut the amount of time ships wait to berth in the city, undermining the effectiveness of the four-week strike against Asia’s richest man.
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GDC Technology Ltd., the Chinese maker of digital-cinema equipment backed by Carlyle Group LP, plans to seek about $100 million in a U.S. initial public offering, two people with knowledge of the matter said.
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Li Ka-shing’s Hong Kong port operator and striking workers published advertisements today in an attempt to win public support as a strike over wages extends to almost four weeks.
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Hong Kong home prices will fall as much as 25 percent after the government stepped up measures to curb an asset bubble and as banks raised mortgage rates, according to Sanford C. Bernstein H.K. Ltd.
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Stephen Schwarzman, the billionaire chairman of Blackstone Group LP, is setting up a $300 million scholarship for foreign students to attend China’s Tsinghua University, the alma mater of senior officials including President Xi Jinping.
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Some port workers at Li Ka-shing’s Hong Kong terminals were told they will lose their jobs, as a three-week strike over wage demands at the world’s third-biggest container port escalates.
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Hundreds of port workers at Li Ka- shing’s Hong Kong terminals surrounded his Cheung Kong Center headquarters in the city’s business district after rejecting a pay raise aimed at ending a three-week strike.
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Telecom Italia SpA is in favor of letting Hutchison Whampoa Ltd. acquire no more than 10 percent of a combined carrier, a smaller stake than the Hong Kong company wants, according to a person familiar with the matter.
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Telecom Italia SpA, which received approval from its board to pursue a possible merger with Hutchison Whampoa Ltd.’s Italian business, said billionaire Li Ka-shing’s company would want control of any combined entity.
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Telecom Italia SpA, which received approval from its board to pursue a possible merger with Hutchison Whampoa Ltd.’s Italian business, said billionaire Li Ka-shing’s company would want control of any combined entity.
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