Li Ka-shing, Asia’s richest man, dominates half of the capacity at Hong Kong’s port, where a two week-long strike threatens to send traffic to Shenzhen. That won’t hurt Li. The billionaire controls that port as well.
Hong Kong billionaire Jimmy Lai’s sale of his Taiwan newspaper and magazine collapsed amid protests that the NT$16 billion ($536 million) deal would silence a critical voice on China and give the buyers too much control of the island’s media.
Next Media Ltd., controlled by billionaire Jimmy Lai, suspended trading in Hong Kong today a day ahead of the deadline to complete the NT$17.5 billion ($586 million) sale of its Taiwan print and TV assets.