How HK tycoon Li Ka-shing diversified his empire years before political crisis

How HK tycoon Li Ka-shing diversified his empire years before political crisis

Li Ka-shing, former chairman and senior adviser of CK Hutchison Holdings Ltd. and CK Asset Holdings Ltd., waves from his car as he leaves the companies' annual general meetings in Hong Kong, China, on Thursday, May 10, 2018. The 89-year-old tycoon, who announced his retirement plans in March, resigned as chairman of the two companies today. His eldest son, 53-year-old Victor Li, will take over. Photographer: Anthony Kwan/Bloomberg

As Hong Kong’s fortunes swelled alongside mainland China’s, the city’s richest man was already investing elsewhere. That move has shielded Li Ka-shing’s flagship company from the brunt of the tumult now enveloping the city.

CK Hutchison Holdings Ltd., which encompasses the Li family’s assets including ports, telecommunications and retail, counted on its home base for only 10% of revenue last year. The share was 16% in 2015 following the separation of its property business eventually into CK Asset Holdings Ltd. in a reorganization of the group.

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