Summary: In this article, from the graph of major holding companies and it’s main shareholders under Richard Li Tzar Kai, Victor Li Tzar Kuoi, and Li Ka-shing, we found in what areas are they investing and the complex network of relationships between subsidiaries. By analyzing the annual reports of Victor Li Tzar Kuoi and Richard Li Tzar Kai’s company’s companies, we can determine whether Li Ka-shing made the right decision when he announced his retirement.
Background:
Li Ka-shing, a Hong Kong billionaire who will turn 90 this summer, announced his official retirement in May 2018. In January 2015, “Forbes” magazine announced the ranking of Hong Kong’s richest man-Li Ka-shing’s net assets totaled 33.5 billion U.S. dollars, or 260 billion U.S. dollars, making him the richest man in Hong Kong, only replaced by SF Express’s founder Wang Wei in 2017.
He announced on March 16th that he’ll step down as chairman of CK Hutchison Holding Ltd. and CK asset Holding Ltd., making way for his eldest son, Victor Li Tzar Kuoi. Victor assisted Li Ka-shing to run CK holding Ltd. for many years and his youngest son, Richard Li Tzar Kai mainly invested in communications and media business outside.
Richard Li Tzar Kai
We grabbed the information from Who’s Who and HKEX(The Stock Exchange of Hong Kong Limited) and got the name of major holding companies and main shareholder of companies. after establishing their relationship, we got graph below.
Business Map of Richard Li Tzar Kai
The Data & News Society 