Jump to content

Li Ka-shing

From Wikipedia, the free encyclopedia
This article is about the founder of Cheung Kong Holdings. For the son of Lee Shau Kee, see Martin Lee Ka-shing.
In this Chinese name, the family name is Li.

The Honourable Sir
Ka-shing Li
GBM KBE JP
李嘉誠
Li in 2010
Born (1928-07-29) 29 July 1928 (age 96)
Chao'an, Chaozhou, Guangdong, China
CitizenshipHong Kong
Canada[1][2]
OccupationChairman of Li Ka Shing Foundation
Spouse
Chong Yuet-ming
​
​
(m. 1962; died 1990)​
Children
Chinese name
Traditional Chinese李嘉誠
Simplified Chinese李嘉诚
Transcriptions
Standard Mandarin
Hanyu PinyinLǐ Jiāchéng
Wu
RomanizationLi-ga-sen
Hakka
RomanizationLi31Ga44Sing11
Yue: Cantonese
JyutpingLei5 Gaa1-sing4
Southern Min
Hokkien POJLí Ka-sêng
Teochew Peng'imLi2 Gia1-sêng5

Sir Ka-shing Li GBM KBE JP (Chinese: 李嘉誠; born 29 July 1928)[3][4][5][6] is a Hong Kong billionaire business magnate, investor, and philanthropist. He is the senior advisor for CK Hutchison Holdings[7] and CK Asset Holdings, after he retired from the Chairman of the Board in May 2018;[8] through it, he is a port investor, developer, and operator of the largest health and beauty retailer in Asia and Europe.[9] As of July 2023, Li is the 33rd richest person in the world, with an estimated net wealth of US$37.7 billion.[10]

Li invests in a wide array of industries, including transportation, real estate, financial services, retail, and energy and utilities.[11] His conglomerate company Cheung Kong Holdings invests in many sectors of the Hong Kong economy and made up 4% of the aggregate market capitalisation of the Hong Kong Stock Exchange.[12] Forbes Magazine and the Forbes family honoured Li Ka-shing with the first ever Malcolm S. Forbes Lifetime Achievement Award on 5 September 2006, in Singapore.[13] In spite of his wealth, Li has cultivated a reputation for leading a frugal no-frills lifestyle, and is known to wear simple black dress shoes and an inexpensive Seiko wristwatch. He lived in the same house for decades, in what has now become one of the most expensive districts in Hong Kong, Deep Water Bay in Hong Kong Island. Li is also a philanthropist, donating billions of dollars to charity and various other philanthropic causes, and owning the second largest private foundation in the world after Bill & Melinda Gates Foundation.[14][15] In 2019, Forbes put Li in the list of most generous philanthropists outside of the US.[16][17][18]

As per Forbes list of The Richest People In The World, dated 8 MARCH 2024, Li Ka-shing is ranked #38 with a net worth of $37.3 Billion.[19]

Early life

[edit]

Li was born in Chao'an, Chaozhou in Guangdong Province in 1928 to Teochew parents named Li Yun-ching (1898–1943) and Cheung Bik-chin (1893–1984). Li and his family fled to Hong Kong in 1940 as refugees from the Sino-Japanese war.[20] Owing to his father's death from tuberculosis, he was forced to leave school at the age of 15 and found a job in a plastics trading company where he worked 16 hours a day.[21] In 1950 he started his own company, Cheung Kong Industries.[22] From manufacturing plastics, Li developed his company into a leading real estate investment company in Hong Kong that was listed on the Hong Kong Stock Exchange in 1972. Cheung Kong expanded by acquiring Hutchison Whampoa and Hongkong Electric Holdings in 1979 and 1985 respectively.[23]

Business career

[edit]

Plastics manufacturing

[edit]

In 1950, after learning how to operate a plant, Li founded a plastic manufacturing company in Hong Kong with personal savings and funds borrowed from relatives. Li avidly read trade publications and business news before deciding to supply the world with high quality plastic flowers at low prices. Li learned the technique of mixing colour with plastics that resemble real flowers. After retooling his shop, he prepared the plant for a visit from a large foreign buyer. Fortunately for Li, the buyer placed a large order and a few years later, Li grew to be the largest supplier of plastic flowers in Asia and made a fortune selling them.[24]

Real estate

[edit]

In 1958, believing rents would continue to rise, Li decided to purchase a site and develop his own factory building. An opportunity to acquire more land arrived after the 1967 riots when many people fled Hong Kong, and, as a result, property prices plummeted. Li believed the political crisis would be temporary and property prices would eventually rise, and bought land from the fleeing residents at low prices. In 1971, Li officially named his real estate development company Cheung Kong (長江實業). Cheung Kong Holdings was publicly listed in Hong Kong Stock Exchange in 1972. During board meetings, Li stated on a number of occasions his goal of surpassing the Jardines-owned Hongkong Land as a leading developer.[25]

The successful bid by Cheung Kong for development sites above the Central and Admiralty MTR stations in 1977 was the key to challenging Hongkong Land as the premier property developer in Hong Kong. Despite its size, Jardines decided in the 1980s to protect itself from hostile takeover by Li or other outside investors. The company implemented a cross-shareholding structure that was designed to place control in the hands of Britain's Keswick family despite their less than 10% holdings in the group. In 1984, the company also moved its legal domicile from Hong Kong to another British overseas territory – Bermuda, in anticipation of the transfer of sovereignty of Hong Kong to People's Republic of China in 1997.[26]

In an effort to drive forward divestitures of assets in Hong Kong and the Chinese Mainland, Li agreed to sell The Center, the fifth-tallest skyscraper in Hong Kong.[27] With a value of HK$40.2 billion (US$5.15 billion), the deal constitutes the biggest ever office space real estate sale in the Asia-Pacific region.[27] Li sold the Century Link complex in Shanghai for US$2.95 billion, the second largest transaction for a single building, according to the Financial Times.[28]

In 1979, Li purchased a major stake in Hutchison Whampoa from Hong Kong Bank through Cheung Kong.[29]

Retail

[edit]

A subsidiary of CK Hutchison, AS Watson (ASW), is a retail operator with over 15,000 stores. Its portfolio encompasses retail brands in Europe such as Superdrug (UK), Marionnaud (France), Kruidvat (Benelux countries), and in Asia including health and beauty retailer Watson's store and wine cellars et al., PARKnSHOP supermarkets (and spin-off brands), and Fortress electrical appliance stores. ASW also produces and distributes water products and beverages in the region.

Asset trading

[edit]

CK Hutchison builds up new businesses and sells them off when shareholder value can be created. Profits were obtained in the sale of its interest in Orange to Mannesmann Group in 1999, making a profit of US$15.12 billion. In 2006, Li sold 20% of Hutchison's ports business to Singapore rival PSA Corporation, making a US$3.12 billion profit on a US$4 billion deal.[30]

Group subsidiary Hutchison Telecommunications sold a controlling stake of 67% in Hutchison Essar, a joint venture Mobile operator in India, to Vodafone for US$11.1 billion.

Internet and technology

[edit]

Li has also made a foray into the technology business, where his investment and venture capital firm Horizons Ventures is specifically allocated towards backing new internet and technology startup firms, and bought a stake in doubleTwist.[31] His other firm, the Li Ka Shing Foundation bought a 0.8% stake in social networking website Facebook for US$120 million in two separate rounds,[32][33] and invested an estimated US$50 million in the music streaming service Spotify.[31] Some time between late 2009 and early 2010, Li Ka-shing led a US$15.5 million Series B round of financing for Siri Inc.[34]

In 2011, Horizons Ventures invested in Summly, a website-summarizing app. Notably, the investment made Nick D'Aloisio, Summly's founder, the world's youngest person to receive a venture capital investment at just fifteen years old.[35] In 2012, Horizons Ventures invested US$2.3 million in Wibbitz, a company that provides a text-to-video technology that can automatically convert any article post or feed on the web into a video in a matter of seconds. In August 2012, Li acquired a stake in Ginger Software Incorporated.[36] In 2013, Horizons Ventures invested in bitcoin payment company BitPay.[37]

In February 2015, Horizons Ventures participated in a US$30 million Series C funding round in Zoom Video Communications.[38] Later in the year, Li participated in a US$108 million Series D round in Impossible Foods.[39] In 2016, he continued investments in technology companies and Horizons Ventures led a US$55 million Series A round in Blockstream, the leader in blockchain related technologies,[40] and also invested in a startup incubator fund Expa, that works with the founders to build new companies.[41]

In September 2017, Li worked with Alibaba's Jack Ma to bring AlipayHK, a digital wallet service, to Hong Kong.[42]

Water

[edit]

Through CK Infrastructure Holdings Limited, Li owns 75% of British water supplier Northumbrian Water, the remaining 25% being held by US private equity firm KKR. Despite making losses of ~£22 million between March 2022 and July 2023, CK Group and KKR between them took £159 million in dividends from the organisation which in the same period paid its chief executive, Heidi Mottram, $1.24 million. In 2022 the business was fined £240,000 for discharging untreated sewage into a water course in northeast England over a period of two days.[43]

Australian tax dispute

[edit]

In 2013 a claim was lodged by the Australian Taxation Office (ATO) against Cheung Kong Infrastructure (CKI) to pay approximately A$370 million in unpaid tax, penalties and interest relating to tax disputes concerning SA Power Networks and Victoria Power Networks. The dispute was resolved in 2015 when CKI entered into an agreement with the ATO. No penalty was levied against CKI and a sum of approximately A$24 million was refunded from the A$64 million previously paid to the ATO by CKI.[44][45]

Retirement

[edit]

After his almost-70-year reign over CK Hutchison Holdings and CK Asset Holdings, Li announced his retirement on 16 March 2018 and the decision to pass control of his US$100 billion empire to his son, Victor Li.[46][47] He is still involved in the conglomerate as a senior advisor.[48][49]

Others

[edit]

Besides business through his flagship companies CK Asset Holdings and CK Hutchison Holdings, Li Ka-shing has also personally invested extensively in real estate in Singapore and Canada. He was the single largest shareholder of Canadian Imperial Bank of Commerce (CIBC), the fifth largest bank in Canada, until the sale of his share in 2005 (with all proceedings donated, see below). He is also the majority shareholder of a major energy company, Husky Energy, based in Alberta, Canada.[50] Husky was acquired by Cenovus in 2021, and Li owns 27.2% of the newly merged company.

In January 2005, Li announced plans to sell his CA$1.2 billion stake in the Canadian Imperial Bank of Commerce, with all proceeds going to private charitable foundations established by Li, including the Li Ka Shing Foundation in Hong Kong and the Li Ka Shing (Canada) Foundation based in Toronto, Ontario.[51] Li was the non-executive director of the Hongkong & Shanghai Banking Corporation since 1980 and became deputy chairman of the bank in 1985. He was also Deputy Chairman of HSBC in 1991–1992.

According to Bloomberg, he had a net worth of US$35.3 billion in July 2021.[52]

Personal life

[edit]

His two sons, Victor Li and Richard Li, are also figures in the Hong Kong business scene. Victor Li succeeded his father as Chairman of CK Hutchison Holdings and Chairman of CK Asset Holdings, while Richard Li is Chairman of PCCW, the largest telecom company in Hong Kong. They are both Canadian citizens. He is a follower of Buddhism.[53]

Married to his first cousin, Chong Yuet-ming (1933–1990), they had a long period of marriage that lasted for 27–28 years from 1962 until her sudden death on New Year's Day 1990 due to a suspected drug overdose (other sources name the cause as cardiac arrest).[citation needed] She was the daughter of his maternal uncle (mother's younger brother), Cheung Jing-on (1908–1996) and his wife, Hew Bik-yin (1911–2002), who were also from the Chaoshan region.[citation needed] Both settled in British Hong Kong long before Li migrated to the city.

Li is plainly dressed for a Hong Kong tycoon. In the 1990s, he wore a HK$50 timepiece from Citizen Watch and plain ties. He later wore a Seiko.[54] In 2016, he wore a HK$500 Citizen watch.[55]

His son Victor Li was kidnapped in 1996 on his way home after work by gangster Cheung Tze-keung (aka "Big Spender"). Li Ka-shing paid a ransom of HK$1 billion directly to Cheung, who had come to his house.[56] A report was never filed with Hong Kong police. Instead the case was pursued by mainland authorities, leading to Cheung's execution in 1998, an outcome not possible under Hong Kong law. Rumours circulated of a deal between Li and the mainland.[56]

Awards and honours

[edit]

Politics

[edit]

For many years, he was considered to be a pro-Beijing figure. However, in recent years, tensions have been growing between Li and the mainland, especially with the rise of current China's paramount leader Xi Jinping. During the 2019–20 Hong Kong protests, he refused to outright condemn the protesters, instead urging for peace and calling on the authorities to respond to the protesters humanely.[58]

On 4 August 2011 at the interim results announcement for Hutchison Whampoa, Li endorsed Henry Tang for the forthcoming chief executive election.[23][59] Then Li said "You all can be just like me, one-person-one-vote (一人一票)."[60] The media then looked at Li in disbelief, and pointed out that regular citizens do not get one-person-one-vote.[61] Li then tried to laugh it off and said "maybe in 2017 they will have one-person-one-vote to choose the chief executive, I probably just said it a little early."[23][62][63] However, Li was criticised by Chinese official state-run press agency Xinhua for being ambiguous in his opposition to the Umbrella movement protests and his support for Leung.[64] Later, prior to the Legco vote, Li said that the largest threat to Hong Kong's future was if the government failed to ensure passage of the 2014–15 round of political reform.[65]

Li's business empire has a presence around the world, including China. Li came under attack from the Global Times newspaper in early 2015, when his companies put out word that it was considering selling prime Shanghai and Beijing properties. It became apparent that Li aimed at re-weighting his asset portfolio to more stable and transparent markets in the West.[66] Concerted attacks ensued and went into a crescendo as China's economy slowed down dramatically in the second half of the year, and the central government sought a way to stem the capital outflows. Specific reproaches were that his asset disposals were "an act of ingratitude" and "immoral at such a sensitive juncture".[66][67][68] Security Times, a People's Daily publication, estimated that Li has sold at least CN¥73.8 billion worth of assets since 2014.[66] Li's holding companies denied divesting in China, saying that its asset disposals were being undertaken in the ordinary course of business.[67][69] The attacks stopped abruptly several weeks later, when editorials in official publications such as People's Daily and Beijing Youth Daily took a neutral stance in unison.[66]

Charities

[edit]
Li Ka Shing Tower of the Hong Kong Polytechnic University
  • The Li Ka Shing Foundation was established in 1980 with a focus on education, medical services and research initiatives. To date, Li Ka-shing has invested over HK$30 billion in projects covering education, medical services, charity and anti-poverty programmes, with about 80% of the projects in mainland China and Hong Kong.
  • Li's donation in 1981 resulted in the founding of Shantou University (STU) and the Shantou University Medical College, near his hometown of Chaozhou. Li has earmarked grants and contributions of over HK$12 billion to develop STU. In 2013, Li granted US$130 million to establish the Guangdong Technion – Israel Institute of Technology in Guangdong Province as a joint venture between Technion – Israel Institute of Technology and Shantou University.
  • In September 2001, the newest tower in the Hong Kong Polytechnic University was named after Li, following a HK$100 million donation to the university.[70]
  • The Li Ka Shing Centre in Cambridge, England, houses a Cancer Research UK facility, which is a part of the University of Cambridge. The centre was named after Mr. Li following a £5.3 million donation, and was opened in his presence in May 2002.[71] The Li Ka Shing Foundation endowed a professorship of oncology at the university in 2007 with a subsequent gift of £2 million.[72]
  • In November 2002, the Cheung Kong Graduate School of Business in China[73] was founded with a large donation from the Li Ka Shing Foundation.[74]
  • The Li Ka Shing Library at the Singapore Management University is also named in his honour after a US$11.5 million donation in 2002 to the higher education institution.[75]
  • After the 2004 Indian Ocean earthquake disaster, Li reportedly pledged a total of US$3 million.
  • In 2005, Li announced a HK$1 billion (US$128 million) donation to the Faculty of Medicine, University of Hong Kong. It was renamed to Li Ka Shing Faculty of Medicine on 1 January 2006, which provoked controversy between the university and quite a number of alumni of the faculty, notably Kwok Ka Ki, over the university's naming procedures.
  • Also in 2005, Li donated US$40 million to the University of California, Berkeley, citing that he was impressed with the university's accomplishments in the biosciences. In recognition of Li's donation, the university has named the campus' new biosciences facility the Li Ka Shing Center for Biomedical and Health Sciences, which opened in October 2011.[76]
  • In 2014, The Li Ka Shing Foundation provided a US$10 million gift to support UC Berkeley and UC San Francisco to jointly launch the Innovative Genomics Initiative (IGI), based on a new technology discovered at UC Berkeley by Professor Jennifer Doudna, executive director of the initiative. In the same year, the Li Ka Shing Foundation has also provided $3 million to Stanford University for exploring new ways of utilising biomedical data to improve human health.[77]
  • A long-time supporter of Stanford University since the 1980s, Li is the principal benefactor to the US$90 million Li Ka-shing Center for Learning and Knowledge, which opened in Fall 2010 and is now the headquarters for the Stanford University School of Medicine.[78]
  • On 9 March 2007, Li Ka-shing contributed SGD$100 million to the Lee Kuan Yew School of Public Policy in the National University of Singapore. Also, "to honour and recognize Dr. Li's support and generosity, LKY SPP will name one of its three buildings at the historic Bukit Timah Campus after him".[79]
  • Li Ka-shing donated CA$25 million to St. Michael's Hospital in Toronto to found the Li Ka-Shing Knowledge Institute, which will serve as a medical research and education centre in downtown Toronto.[80]
  • Li Ka-shing donated CA$8 million to the University of Alberta to found the Li Ka-shing Institute of Virology.[81]
  • Li Ka-shing donated HK$160 million (US$20.6 million) to aid relief efforts in the 2008 Sichuan earthquake[82]
  • Li Ka-shing donated CA$6.6 million to McGill University in 2013 to establish three exchange programs: the Li Ka Shing Initiative for Innovation in Legal Education, the Li Ka Shing Liberal Arts Exchange Initiative and the Li Ka Shing Program in International Business between McGill and Shantou University.[83]
  • In 2013, Li Ka-shing donated US$2 million to the University of California, San Francisco to support their advance precision medicine initiative. The funds will be used to build a worldwide network of clinicians and researchers, launch leadership exchanges between UCSF and China, and create a systems-pharmacology program to develop more precise medications.[84]
  • With a donation from Li of over HK$3 billion, Tsz Shan Monastery was developed over a period of ten years as an institute of Chinese Buddhist practice and education as well as a place for spiritual contemplation. It was opened to the public in April 2015.
  • (Hong Kong, 28 April 2015) In the aftermath of the devastating 7.8 magnitude earthquake that struck Nepal and its neighboring regions, the Foundation has made a donation of US$1 million from its Just in Time Fund to provide immediate aid to help ease human suffering and to support ongoing relief efforts in Nepal.[85][86]
  • In 2017 Li Ka Shing Foundation donated US$3 million (A$3.75 million) to the University of Melbourne Centre for Cancer Research (UMCCR) (Australia) for precision oncology. The goal of this donation is to help accelerate the pace of discovery and increase the knowledge used to diagnose and treat cancer.[87]
  • In 2017, with the support of a £20 million gift from the Li Ka Shing Foundation, Oxford University launched the Big Data Institute. The centre gathers researchers to analyse worldwide biomedical data and catalyze the development of new treatments for cancer, Alzheimer's and several infectious diseases.[88]
  • In 2018 Li Ka Shing donated HK$10 million to Food Angel, a program that provides hot meals for people in need.[89]
  • In 2018 Li Ka Shing Foundation and CK Hutchison Holdings donated US$5 million for Palu-Donggala disaster relief, after Tsunami and Earthquake in Indonesia.[90]
  • The Foundation funded the world's first circumnavigation of the Antarctic by a robot from January to August 2019. The 23-foot autonomous sailing drone carried instruments of the U.S. National Oceanic and Atmospheric Administration in an effort to enhance climate data collection so as to improve understanding of the Antarctic carbon cycle and as a test for a roll-out of up to 1,000 craft worldwide.[91]
  • In January 2019, Li Ka Shing Foundation supported the relief works of Médecins Sans Frontières in Bangladesh and Democratic Republic of Congo.[92]
  • In February, the Foundation committed USD2M to extend its vision of scaling socio-economic impact through technological disruption and innovation in Zhejiang and Shanghai.[93] Later in July, the Ba De-nian Medical Education Development Fund and the Women’s Development Program were launched at the Zhejiang University.
  • In March 2019, LKSF donated HK$10 million to support Hong Kong Sanatorium & Hospital’s “Transcatheter Cardiovascular Interventions Subsidy Scheme”.[94] This month also saw the Grand Opening of Tsz Shan Monastery cum Inauguration of Buddhist Art Museum.[95]
  • In June, LKSF offered Tuition Free Academic Scholarships for students of Shantou University and Medical College with the incoming class of 2019.[96]
  • In July, Shanghai’s Little Pigeon Dancing Group’s trip to a dance competition in Japan was funded by LKSF.[97]
  • Future Now Expedition to Australia started off in September with the support of the Foundation.[98]
  • In October, LKSF announced a donation of HK$1 billion to set up the Crunch Time Instant Relief Fund in support of local SMEs which were under duress from unprecedented challenges.[99]
  • In 2020, the Li Ka Shing Foundation has supported the global fight against COVID-19 by sourcing protection gear from around the world and funding medical research and services.[100] HK$180 million had been used for relief efforts, including making a donation of HK$100 million to support the frontline medics in Wuhan.[101]
  • In 2019 and 2020, the Li Ka Shing Foundation granted over HK$200 million in support of medical and welfare services for Hong Kong. The “Love Can Help” Medical Assistance Programme offered financial assistance to patients falling outside the social security safety net and ineligible for government subsidies. “Love Can Help II” expanded support to the social welfare community; non-governmental organizations providing various services to the visually impaired, mentally handicapped and physically disabled, autistic children, elderly and underprivileged families.[102]
  • In July, LKSF announced an additional HK$101 million in support of services for the citizens of Hong Kong: “LOVE CAN HELP II” - New HK$100 Million Grant In Support Of Medical and Welfare Service for Hong Kong.[103]
  • In September, LKSF announced a grant totalling HK$170 million to four local universities simultaneously to boost Hong Kong’s competitiveness.[104]
  • In September, LKSF contributed CA$500,000 to PALLIUM CANADA to support frontline professionals in palliative care.[105]
  • In November 2020, donation of HK$5 million for the publication of Hong Kong Chronicles.[106]
  • In November 2020, HK$3 million emergency relief fund donated to relatives of the victims of Yau Ma Tei fire.[107]
  • In December, two Li Ka Shing Chair Professors, Prof. Michael Houghton and Prof. Jennifer Doudna, awarded Nobel Prizes 2020 in Medicine and Chemistry respectively.[108] Dr. Qui-Lim Choo and Dr. George Kuo, members of Prof. M. Houghton’s team, honored by LKSF with the same Nobel prize money of US$380,000 each.[109]
  • 24 January 2021, the Li Ka Shing Foundation donated HK$20 million to support Precious Hospital (Caritas)’s Total Knee Replacement programme.[110]
  • February 2021, LKSF presented PARKnSHOP coupons worth of HK$200 to all 97,000 Hospital Authority staff to thank them for unwavering commitment and dedication protecting Hong Kong people;[111] a donation of HK$4.1 million was made to support for radiological examination at HKU Li Ka Shing Faculty of Medicine for patients with gastroenterology and liver diseases in Queen Mary Hospital.[112]
  • In April, an additional CA$1 million to support the University of Ottawa to carry out chronic spinal cord injuries research on top of a contribution of C$1 million in support of research on biomaterials in 2019.[113]
  • In April, Li Ka Shing Foundation donated HK$4 million to support Hong Kong Kidney Foundation’s Home Nocturnal Haemodialysis program.[114]
  • In July, Li Ka Shing Medical Fellowship for Internal Medicine was set up at the Department of Medicine, LKS Faculty of Medicine, The University of Hong Kong.[115]
  • In October, a donation of HK$5.6 million was made to support Sailability Hong Kong to provide opportunities for people with disabilities to learn sailing.[116]
  • In December, LKSF donated HK$5 million to subsidise patients with chest pain to undergo coronary computed tomography angiography at LKS Faculty of Medicine, The University of Hong Kong.[117]
  • From February to March 2022, Li Ka Shing Foundation made a donation of about HK$60 million to support private hospitals in Hong Kong to receive non-COVID-19 patients to relieve the pressure on the public healthcare system, and donated HK$5 million to fund elderly homes to purchase protective materials.[118]
  • In April, LKSF donated HK$2 million to support the TREATS Inclusive Sports for All programme;[119] and another HK$2 million to fund the Hong Kong Sensory Integration Training and Professional Development Centre of SAHK.[120]
  • In May, Li Ka-shing Foundation, along with CK Group, each made a donation of HK$ 3M to the Community Chest of Hong Kong Pandemic Rainbow Fund[121]
  • In May, LKSF donated HK$150 million to support the Faculty of Medicine, The Chinese University of Hong Kong’s research funding,[122] HK$5 million to support the Hong Kong Academy of Nursing in promoting the continuing education of specialist nurses,[123] and to support the Education University of Hong Kong in popularising AI education.[124]
  • In June, Li Ka Shing Foundation launched the Construction Industry Casualty Assistance Programme to give a helping hand to the families of the victims due to construction accidents.[125]
  • In July, LKSF made a donation of CN¥10 million to support the haemodialysis programme at SUMC First and Second Affiliated Hospitals.[126]
  • In August, LKSF donated HK$4 million to support research on obstructive sleep apnea and lung cancer diagnosis at LKS Faculty of Medicine, The University of Hong Kong.[127]
  • In January 2023, Li Ka Shing Foundation donated CN¥1 million to subsidise the Shanghai Little White Pigeon Dance Troupe.[128]
  • Supported the GI Scan Subsidy Programme at the University of Hong Kong for patients with liver (March) and gastroenterology (October) diseases to undergo multiphasic cross-sectional imaging.[129]
  • In April, a donation of CN¥100 million was made by LKSF to support the construction of a new inpatient building of Chaozhou People’s Hospital.[130]
  • In August, HK$30 million was donated to support flood relief efforts in Beijing-Tianjin and Northeast China, and a donation of CN¥10 million was made to support the medical aid program for the underprivileged at the Shantou University Medical College Affiliated Hospitals.[131]
  • In the same month, a donation of US$25 million was also made to support Philanthropy Asia Alliance to promote innovative solutions to address issues of Asian and global concern.[132]
  • In the same month, LKSF made a donation of HK$1 million to support Opera Hong Kong to launch the "Li Ka Shing Foundation and Opera Hong Kong Young Artist Overseas Residency Fellowships” to nurture local artists. [133]
  • In October, LKSF donated HK$3 million to support the Hong Kong Kidney Foundation’s Home Nocturnal Haemodialysis Programme.[134]
  • In December, LKSF donated HK$30 million to assist Gansu Earthquake relief efforts. [135]
  • In March 2024, LKSF made a donation of HK$10 million to contribute to the Transcatheter Cardiovascular Interventions Subsidy Scheme (2024-26) of Hong Kong Sanatorium & Hospital.[136]

See also

[edit]

Notes

[edit]

References

[edit]
  1. ^ "World's Richest People > Li Ka-shing". Forbes. Retrieved 25 June 2021.
  2. ^ "From Hong Kong to Canada and back: the migrants who came home from home". South China Morning Post. 28 May 2013. Retrieved 25 June 2021.
  3. ^ "Silobreaker: Biography for Li Ka-Shing". Silobreaker. 26 September 2006. Archived from the original on 6 January 2009. Retrieved 12 June 2008.
  4. ^ "Li Ka-shing". Encyclopædia Britannica. Chicago, Illinois. Archived from the original on 13 May 2013. Retrieved 12 June 2008.
  5. ^ a b ""SUPPLEMENT No. 1 to Issue 55879", London Gazette, 19 June 2000, p. 24". Archived from the original on 3 December 2013. Retrieved 16 May 2012.
  6. ^ "SUPPLEMENT TO THE LONDON GAZETTE, 31st DECEMBER 1988". London Gazette.
  7. ^ "CKH Senior Advisor". Archived from the original on 22 April 2019. Retrieved 14 May 2018.
  8. ^ Stevenson, Alexandra (16 March 2018). "Li Ka-shing, Hong Kong's Richest Man, Will Retire, Ending an Era". New York Times. ISSN 0362-4331. Archived from the original on 18 March 2018. Retrieved 22 March 2018.
  9. ^ "The World's Billionaires No. 11 Li Ka-shing". Forbes. 5 March 2008. Archived from the original on 3 January 2013. Retrieved 1 December 2008.
  10. ^ "Li Ka-shing". Forbes. Retrieved 4 July 2023.
  11. ^ Martins, Ajaero. "How Li Ka Shing became Asia's Most Influential Business Man". Archived from the original on 27 March 2019. Retrieved 14 March 2017.
  12. ^ Schuman, Michael (24 February 2010). "The Miracle of Asia's Richest Man". Forbes. Archived from the original on 3 November 2012. Retrieved 28 February 2012.
  13. ^ Li Ka-shing Receives First Malcolm S. Forbes Lifetime Achievement Award Archived 27 September 2008 at the Wayback Machine
  14. ^ "Gates and Li Ka Shing Top List of Big Foundations Created by Wealthy People". Archived from the original on 8 July 2019. Retrieved 5 July 2018.
  15. ^ Wilhelm, Ian (20 September 2007). "Building a Spirit of Generosity". Philanthropy.com. Archived from the original on 13 November 2009. Retrieved 28 February 2012.
  16. ^ Çam, Deniz. "From Azim Premji to Carlos Slim: The World's Most Generous Billionaires Outside Of The U.S." Forbes. Retrieved 23 July 2021.
  17. ^ Schuman, Michael (24 February 2010). "The Miracle of Asia's Richest Man". Forbes. Archived from the original on 3 November 2012. Retrieved 3 September 2017.
  18. ^ Studwell, Joe. "Money and Power in Hong Kong and South-East Asia". Asian Godfathers. Archived from the original on 30 July 2012. Retrieved 16 July 2012.
  19. ^ "The Richest People In The World".
  20. ^ Olsen, Robert. "Li Ka-shing Is Down $4 Billion, But Still Tops Hong Kong Rich List For 21st Year". Forbes. Archived from the original on 8 November 2020. Retrieved 15 November 2020.
  21. ^ Einhorn, Bruce; Ho, Prudence (16 March 2018). "Hong Kong's Richest Man Li Ka-shing Retires". Bloomberg.com. Archived from the original on 16 December 2018. Retrieved 14 December 2018.
  22. ^ "CK Hutchison Holdings Limited – About Us > Milestones". ckh.com.hk. Archived from the original on 27 March 2019. Retrieved 8 August 2015.
  23. ^ a b c "李嘉誠替唐英年解畫5分鐘 – 新浪網 – 新聞". Sina Corp. Archived from the original on 28 September 2012. Retrieved 5 August 2011.
  24. ^ [1] Archived 29 July 2017 at the Wayback Machine Forbes
  25. ^ Taiwan's Business Weekly, December 2007, Issue 1047, p. 160-161
  26. ^ Ap (29 March 1984). "JARDINE OF HONG KONG PLANS SHIFT TO BERMUDA". The New York Times. Archived from the original on 29 March 2017. Retrieved 10 February 2017.
  27. ^ a b "Billionaire Pares Real Estate Holdings With Sale of Hong Kong Skyscraper". Caixin Global. Archived from the original on 14 December 2018. Retrieved 2 November 2017.
  28. ^ "Li Ka-shing to sell stake in HK skyscraper for record $5.2bn". Financial Times. 2 November 2017. Archived from the original on 2 November 2017. Retrieved 2 November 2017.
  29. ^ "Mr. Li Ka-shing buys a substantial shareholding in HWL from the Hongkong and Shanghai Bank, thus becoming the first Chinese to take control of a British-style 'hong'". Milestone of Cheung Kong Holdings. Archived from the original on 1 September 2017. Retrieved 31 August 2017.
  30. ^ Tony Munroe (12 February 2007). "Hong Kong "Superman" Li Ka-shing cashes in". Reuters. Archived from the original on 15 June 2009. Retrieved 29 December 2008.
  31. ^ a b Spotify Li Hutchinson Markets Equities Technology" Archived 29 July 2017 at the Wayback Machine. Forbes, August 2009
  32. ^ Li Ka-shing ups Facebook stake to $120 million Archived 6 October 2010 at the Wayback Machine May 2008
  33. ^ Li Ka-shing foundation buys Facebook stake Archived 21 December 2010 at the Wayback Machine December 2007
  34. ^ A Personal Assistant on Your iPhone Archived 12 August 2011 at the Wayback Machine February 2010
  35. ^ "British teenage designer of Summly app hits jackpot". BBC News. 28 December 2011. Archived from the original on 23 February 2018. Retrieved 21 July 2018.
  36. ^ Lee, Mark (24 August 2012). "Li Ka-Shing Acquires Stake in Language Company Ginger". Bloomberg L.P. Archived from the original on 25 August 2012. Retrieved 13 September 2012.
  37. ^ "Peripheral bitcoin services like BitPay safer investment than bitcoin: economist". South China Morning Post. 26 December 2013. Archived from the original on 26 December 2013. Retrieved 26 December 2013.
  38. ^ Gage, Deborah (4 February 2015). "Fast-Growing Zoom Raises $30 Million for Online Video Conferencing". The Wall Street Journal. Archived from the original on 27 March 2020. Retrieved 4 August 2017.
  39. ^ Connie Loizos (6 October 2015). "Impossible Foods Raises a Whopping $108 Million For Its Plant-Based Burgers". Techcrunch. Archived from the original on 7 October 2015. Retrieved 10 July 2017.
  40. ^ "Blockstream Announces $55 Million Series A Investment Bringing Total Capital Raised to $76 Million". Horizons Ventures. 3 February 2016. Archived from the original on 31 October 2017. Retrieved 10 July 2017.
  41. ^ Jordan Crook (30 March 2016). "Expa opens up Expa Labs giving companies $500K in funding". Techcrunch. Archived from the original on 13 July 2017. Retrieved 10 July 2017.
  42. ^ "Li Ka-shing, Jack Ma Join Forces to Bring Digital Wallet to Hong Kong". Bloomberg.com. 26 September 2017. Archived from the original on 27 March 2019. Retrieved 27 September 2017.
  43. ^ "Northumbrian Water fined for County Durham pollution".
  44. ^ "Voluntary Disclosure Announcement" (PDF). Voluntary Disclosure Announcement. 28 June 2013. Archived (PDF) from the original on 7 August 2016. Retrieved 9 June 2016.
  45. ^ "Settlement of Australian Tax Dispute" (PDF). Settlement of Australian Tax Dispute. 19 June 2015. Archived (PDF) from the original on 7 August 2016. Retrieved 9 June 2016.
  46. ^ Stevenson, Alexandra (16 March 2018). "Li Ka-shing, Hong Kong's Richest Man, Will Retire, Ending an Era". The New York Times. ISSN 0362-4331. Archived from the original on 16 March 2018. Retrieved 17 March 2018.
  47. ^ "Hong Kong tycoon Li Ka-shing retires shy of 90th birthday". ABC News. Archived from the original on 16 March 2018. Retrieved 17 March 2018.
  48. ^ "Billionaire tycoon Li Ka-shing retires, hands control of empire to son". South China Morning Post. 16 March 2018. Archived from the original on 17 March 2018. Retrieved 17 March 2018.
  49. ^ Kroll, Luisa. "Hong Kong's Richest, Li Ka-shing, Announces Plans To Retire After 68 Years". Forbes. Archived from the original on 16 March 2018. Retrieved 17 March 2018.
  50. ^ "Husky slashes production target". Globe & Mail. Canada. Archived from the original on 25 October 2012. Retrieved 28 February 2012.
  51. ^ lksf Archived 5 April 2005 at the Wayback Machine
  52. ^ "Bloomberg Billionaires Index: Li Ka-shing". Bloomberg News. Retrieved 3 July 2021.
  53. ^ "10 Buddhist Billionaires in Asia - Lotus Happiness". 4 June 2017. Archived from the original on 29 March 2018. Retrieved 6 May 2020.
  54. ^ Schuman, Michael (24 February 2010). "The Miracle of Asia's Richest Man". Forbes. Archived from the original on 3 November 2012. Retrieved 9 June 2010.
  55. ^ "Why Hong Kong's Richest Man Wears a $500 Watch". 29 June 2016. Archived from the original on 29 March 2017. Retrieved 8 March 2017 – via www.bloomberg.com.
  56. ^ a b "Kidnapper of Li Ka-shing's son rang tycoon to ask where he should invest HK$1billion ransom." Archived 12 June 2018 at the Wayback Machine Mimi Lau. South China Morning Post. 29 November 2013.
  57. ^ "LI Ka Shing - Biography - The Honorary Graduates - HKU Honorary Graduates". www4.hku.hk. Retrieved 2 July 2023.
  58. ^ "How Hong Kong's greatest tycoon went from China friend to punching bag". Reuters. Archived from the original on 28 November 2019. Retrieved 28 November 2019.
  59. ^ "Hong Kong tycoon Li Ka-shing attends a news conference to announce his company's interim results in Hong Kong | View photo – Yahoo!!". Yahoo! News. 20 April 2011. Retrieved 5 August 2011.[dead link]
  60. ^ "暗撐唐英年 2017人人可選特首". Hkdailynews.com.hk. Archived from the original on 19 March 2012. Retrieved 5 August 2011.
  61. ^ "成報 www.singpao.com". Sing Pao. Archived from the original on 27 September 2011. Retrieved 5 August 2011.
  62. ^ "暗撐唐英年 2017人人可選特首". Hkej.com. 5 August 2011. Archived from the original on 6 October 2011. Retrieved 5 August 2011.
  63. ^ "李嘉誠指普選特首時他同大家一樣是一人一票". Commercial Radio (HK). 5 August 2011. Archived from the original on 20 March 2012.
  64. ^ Chu, Kathy; Law, Fiona (28 October 2014). "Hong Kong Tycoons Pressed on Protests". The Wall Street Journal.
  65. ^ "Li Ka-shing says biggest threat to Hong Kong is failure of universal suffrage bill". Business Insider. 26 February 2015. Archived from the original on 3 January 2016. Retrieved 3 December 2015.
  66. ^ a b c d "Beijing emerges badly from its censure of tycoon". EJ Insight. Archived from the original on 26 September 2015. Retrieved 25 September 2015.
  67. ^ a b "內地智庫籲“別讓李嘉誠跑了” 長和：有買有賣是正常商業行為" Archived 30 September 2015 at the Wayback Machine South China Morning Post (Chinese edition)
  68. ^ "China media attacks Li Ka-Shing – Business Insider". Business Insider. 22 September 2015. Archived from the original on 4 November 2015. Retrieved 3 December 2015.
  69. ^ "CKHH/CKPH Media Response" (PDF). 29 September 2015. Archived (PDF) from the original on 30 June 2016. Retrieved 9 June 2016.
  70. ^ "PolyU names new tower after Li Ka-shing". Hutchison Whampoa. 19 September 2001. Archived from the original on 30 December 2013. Retrieved 10 October 2012.
  71. ^ "State-of-the-Art Cancer Research Centre Opens in Cambridge Supported by a £5.3 million donation from Hutchison Whampoa". Lksf.org. Archived from the original on 11 October 2011. Retrieved 28 February 2012.
  72. ^ "8 January 2007: Li Ka-shing endows new oncology professorship at Camb…". 29 February 2008. Archived from the original on 29 February 2008.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  73. ^ "CKGSB". ckgsb.edu.cn. Archived from the original on 18 September 2012. Retrieved 26 September 2012.
  74. ^ About CKGSB Archived 10 October 2012 at the Wayback Machine
    As of September 2012
  75. ^ Donation to go towards Endowment in Support of the Library and SMU Scholarships Archived 9 March 2007 at the Wayback Machine
  76. ^ Sanders, Robert (23 June 2005). "$40 million gift from Li Ka Shing Foundation boosts health science research". UC Berkeley Media Relations. Archived from the original on 5 April 2012. Retrieved 12 May 2009.
  77. ^ "Li Ka Shing Foundation gives $3 million to Stanford for 'big data' initiative". 29 September 2010. Archived from the original on 6 March 2016. Retrieved 5 December 2017.
  78. ^ "Stanford medical school building to promote high-tech learning – with comfort". Inside Stanford Medicine. 10 May 2010. Archived from the original on 12 December 2013. Retrieved 8 December 2013.
  79. ^ "LKY School of Public Policy receives $100 million from business leader". National University of Singapore. 12 March 2007. Archived from the original on 12 March 2007.
  80. ^ "Li Ka Shing Knowledge Institute – St. Michael's Hospital". Stmichaelshospital.com. Archived from the original on 29 February 2012. Retrieved 28 February 2012.
  81. ^ "LKSF gift and Alberta Government funding help establish virology institute at U of A". Archived from the original on 14 September 2017. Retrieved 14 September 2017.
  82. ^ "Hong Kong makes voluntary donations for Sichuan earthquake". Xinhua News Agency. 14 May 2008. Archived from the original on 7 November 2012. Retrieved 28 February 2012.
  83. ^ anonymous. "Building bridges across the Pacific – Channels – McGill University". Archived from the original on 2 February 2016. Retrieved 26 January 2016.
  84. ^ "Li Ka Shing Gift Supports UCSF Quest for Precision Medicine". UCSF. 22 March 2013. Archived from the original on 13 December 2013. Retrieved 8 December 2013.
  85. ^ "Earthquake Relief in Nepal – Li Ka Shing Foundation". Archived from the original on 20 August 2016. Retrieved 4 September 2016.
  86. ^ "HK joins global relief efforts for quake-hit Nepal". 29 April 2015. Archived from the original on 17 September 2016. Retrieved 4 September 2016.
  87. ^ "Li Ka Shing Foundation donates US$3m for precision oncology | University of Melbourne Alumni". www.alumni.unimelb.edu.au. Archived from the original on 10 November 2018. Retrieved 10 November 2018.
  88. ^ "World's largest health big data institute opens in Oxford | University of Oxford". www.ox.ac.uk. Archived from the original on 14 November 2018. Retrieved 14 November 2018.
  89. ^ "Li shows common touch in angelic gesture". The Standard. Archived from the original on 21 November 2018. Retrieved 21 November 2018.
  90. ^ Mediatama, Grahanusa (8 October 2018). "Hong Kong's richest man donate US$5 million for Palu-Donggala disaster relief". kontan.co.id. Archived from the original on 15 November 2018. Retrieved 15 November 2018.
  91. ^ "Saildrone's Journey Around Antarctica Uncovers New Climate Clues". Bloomberg. 5 August 2019. Archived from the original on 9 August 2019. Retrieved 9 August 2019.
  92. ^ "Li Ka-shing Foundation Supports the Work of Medecins Sans Frontieres". 3 January 2019.
  93. ^ "Scaling Socio-economic Impact Through Technological Disruption and Innovation". 19 February 2019.
  94. ^ "Hong Kong Sanatorium & Hospital Introduced "Transcatheter Cardiovascular Interventions Subsidy Scheme" with Donations from Li Ka Shing Foundation". 11 March 2019.
  95. ^ "Tsz Shan Monastery Grand Opening Ceremony cum Inauguration of its Buddhist Art Museum". 27 March 2019.
  96. ^ "Li Ka Shing Foundation Supports Education Reforms at Shantou University". 16 June 2019.
  97. ^ "Hong Kong billionaire Li Ka-shing pays for Shanghai dancers' trip to Japan after meeting them at airport". South China Morning Post. 20 July 2019. Archived from the original on 9 August 2019. Retrieved 20 July 2019.
  98. ^ "Foundation Sponsors 'Future Now' Excursion to Australia". 24 September 2019.
  99. ^ "Successful Completion of the Crunch Time Instant Relief Fund Project Total Distribution Amount HK$1.009 Billion". 9 December 2019.
  100. ^ "Together as One Li Ka Shing Foundation Gives 250,000 Surgical Face Masks to Social Welfare Organizations". 17 February 2020.
  101. ^ ""Love Can Help II" LKSF New HK$100 Million Grant in Support of Medical and Welfare Services for HK". 30 July 2020.
  102. ^ "Coronavirus: Hong Kong tycoon Li Ka-shing to donate another HK$101 million to medical and welfare sectors amid pandemic". South China Morning Post. 30 July 2020. Retrieved 30 July 2020.
  103. ^ ""Love Can Help II" LKSF New HK$100 Million Grant in Support of Medical and Welfare Services for HK". 30 July 2020.
  104. ^ "A Vision for the Future as LKSF Grants HK$179M to boost HK's Competitiveness". 16 September 2020.
  105. ^ "Li Ka Shing (Canada) Foundation Donates C$500,000 To Pallium Canada To Increase The Capacity Of Frontline Health Care Professionals To Provide Palliative Care". 5 October 2020.
  106. ^ "Hong Kong Chronicles Institute – Benefactor".
  107. ^ "Li Ka Shing Foundation donates HK$3m to Yau Ma Tei fire victims". The Standard. 18 November 2020.
  108. ^ "Building the Good of Science". 8 October 2020.
  109. ^ "Science Reshapes Human Destiny". 11 December 2020.
  110. ^ "Li charity joins up with knee implants". The Standard. 25 January 2021.
  111. ^ "Li says thanks to HA staff". The Standard. 4 February 2021.
  112. ^ "Inspiring change since 1980".
  113. ^ "Inspiring change since 1980".
  114. ^ "Inspiring change since 1980".
  115. ^ "Sustainability report 2021, page 53" (PDF).
  116. ^ "Navigate through life's difficulties with Mo Han". The Standard. 25 July 2022.
  117. ^ "Inspiring change since 1980".
  118. ^ "Virus battle calls for joint action by public and private hospitals". South China Morning Post. 8 March 2022.
  119. ^ "Inspiring change since 1980".
  120. ^ "Hong Kong Sensory Integration Training and Professional Development Centre of SAHK".
  121. ^ "ChestLink, issue 49" (PDF). October 2022.
  122. ^ "Good Health, Good Future". 23 May 2022.
  123. ^ "Good Health, Good Future". 23 May 2022.
  124. ^ "Popularising AI Education, Enhancing Conceptual Skills, Creating the Future". 14 June 2022.
  125. ^ "Inspiring change since 1980".
  126. ^ "Inspiring change since 1980".
  127. ^ "Inspiring change since 1980".
  128. ^ "Inspiring change since 1980".
  129. ^ "Inspiring change since 1980".
  130. ^ "Inspiring change since 1980".
  131. ^ "Inspiring change since 1980".
  132. ^ "New alliance raises over $300m to drive philanthropic partnerships in Asia". Straits Times. 1 October 2022.
  133. ^ "LKSF-OHK Young Artist Overseas Fellowships Programme". Opera Hong Kong.
  134. ^ "Inspiring change since 1980".
  135. ^ "Inspiring change since 1980".
  136. ^ "HKSH and LKSF Transcatheter Cardiovascular Interventions Subsidy Scheme". Sanatorium & Hospital.
[edit]
Retrieved from "https://en.wikipedia.org/w/index.php?title=Li_Ka-shing&oldid=1253929123"