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Hong Kong Bureau
Asia Online Editor — Forbes
As seen in:  Forbes

Asia online editor at Forbes, I follow the money in this ginormous region. Former British Consulate staffer in H.K.

Penny-Pinching Consumers In U.S. And Europe Drag Down Earnings For Li & Fung — Until consumers in the U.S. and Europe finally begin opening their wallets without the added persuasion of discounts and promotions, companies like Hong Kong's Li & Fung are going to continue to struggle to boost their bottom lines.

Lui Che Woo - Forbes — Forbes Asia Magazine: January 19, 2015 Issue Macau casinos have always been winning bets for Hong Kong billionaires-until 2014. casino revenue fell last year for the first time since Stanley Ho's 40-year gambling monopoly ended in 2004-by an estimated 3.3%-and that's hammering Hong Kong casino fortunes.

Casino Billionaire Sees Profit Slide Amid Corruption Crackdown — In yet another sign of Macau's sliding fortunes, SJM Holdings said on Thursday that its earnings tumbled 12.7% last year. The casino operator controlled by Stanley Ho's family reported a net profit of HK$6.73 ($868 million) for 2014. Macau's gaming industry has been caught up in Xi Jinping's sweeping crackdown on [...]

Hong Kong's Protesters Return To Streets To Reject Beijing's Version Of Democracy — For the first time since mass protests shut down some of the city's busiest districts and grabbed the world's attention, pro-democracy activists were out on the streets again this afternoon to continue their campaign. Protesters marched behind a large banner bearing a caricature of the city's Chief Executive Leung Chun Ying beside the now-familiar slogans: "say no to fake democracy, we want genuine universal suffrage."

Asia's Richest Man Closing In On $15 Billion Deal For U.K.'s O2 — Billionaire Li Ka-shing announced on Friday that Hutchison Whampoa had entered exclusive negotiations to buy mobile phone operator O2 from Spain's Telefonica for more than 10.25 billion pounds ($15 billion). The terms of the deal would require Hutchison to pay a cash price of 9.25 billion pounds, and a further 1 [...]

Asia's Richest Man Said To Be In Talks To Buy U.K.'s O2 — Hutchison Whampoa, the conglomerate controlled by Li Ka-shing, is reportedly in talks to buy Britain's second-largest mobile operator for as much as 9 billion pounds ($13.6 billion). Described by The Sunday Times as "early stage discussions," O2 looks a natural target for Hutchison, as its Spanish parent Telefonica seems eager to offload the operator and raise cash to help pay off its debts.

Li Ka-shing's Restructure Plan Sends His Stocks Soaring — Monday was the first chance for the markets to react to Li Ka-shing's proposal to restructure his two main companies, and the markets clearly like the idea. By the close of trading, shares of Cheung Kong had soared nearly 15% to HK$143.2, while Hutchison Whampoa had jumped more than 12% to HK$98.35.

Real Estate Billionaire Donates $118 Million To MIT — Samuel Tak Lee spent decades building a vast real estate empire that easily makes him one of the wealthiest people from Hong Kong. And now that he's achieved such success, he's helping others to follow a similar path by supporting the schools he attended.

Occupy Central Bodes Well For Hong Kong's Future, Lui Che Woo Says — The Occupy Central protests divided Hong Kong like no other event has in years, praised by some people and vilified by others. Business leaders have been reluctant to address the issue. One who has, Lui Che Woo, talked with FORBES ASIA just before Christmas.

Hong Kong Billionaire Sentenced To Five Years In Jail — Thomas Kwok was sentenced Tuesday to five years in jail, after being convicted of conspiring to commit misconduct in public office. Judge Andrew Macrae said he had considered a maximum sentence of six years, but handed down one year less to account for Kwok's good character. Rafael Hui, the government's former No.
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Mar 26, 2015

RT @jessespector: This is garbage, BBC. Who among us hasn't assaulted someone in a row over steak and chips?…

Mar 25, 2015

RT @sarahw: Back in my day we walked twelve miles in horseshoes just to have our own homepage.…

Mar 25, 2015

RT @mathewi: Facebook to media: "That's some real nice content you got there — be a shame if something were to happen to it"…

Mar 25, 2015

RT @AlexMartinWSJ: How'd the U.S. discover Israel was spying on the Iran talks? By spying on communications among Israeli officials

Mar 21, 2015

'To the man who has been taking my Wall Street Journal' for more than a decade...

Mar 21, 2015

Political blog Guido Fawkes is delivering a Jeremy Clarkson petition to the BBC with a tank… via @bi_politics

Mar 20, 2015

RT @mims: Worst thing about a Times piece asserting smartwatches could cause cancer is it will be cited by cranks forever.…

Mar 20, 2015

RT @emmaroller: Only one GOP contender in 2016 follows @BarackObama on Twitter. Rick Perry follows a “Free Porn” bot.…

Mar 19, 2015

RT @7im: what's a half billion dollars in missing small arms between friends… or, you know, Iranian-backed rebels or Al Qaeda…

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