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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.

China's Telecom Giant Says Profit Soared As Smartphones Gain Greater Appeal — Although Huawei Technologies said its latest results "show strong financial performance across all business groups," the company's smartphone business is certainly worthy of closer attention. That's because growing demand for smartphones and particularly strong growth in emerging markets are credited with delivering a 33% rise in revenue of $12 billion for its consumer business unit.

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.
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Apr 22, 2015

RT @drvox: Koch brothers will graciously allow Jeb Bush to grovel for their favor

Apr 22, 2015

RT @KyleWOrton: Very important: Obama bends analysis to fit his policy (we used to call this "cherry-picking intelligence").… @EliLake

Apr 21, 2015

RT @W7VOA: Twitter titters as new #China-#Pakistan think tank is named #RANDI. The slang is bad enough in English but sounds like “whore” in Urdu.

Apr 20, 2015

RT @HirokoTabuchi: One of Today's Pulitzer Prize Winners Left Journalism Because It Couldn't Pay His Rent. Now He's in PR.… via @slate

Apr 14, 2015

RT @nickgillespie: Why doesn't @HillaryClinton's website have an issues page? Because she doesn't have any? cc @SShackford

Apr 14, 2015

RT @Samfr: Just watched Hilary's launch video and now I'm even more depressed about the crapness of British politics…

Apr 09, 2015

RT @kashhill: Snowden didn't leak anything about this massive DEA database w/billions of calls, but his leak did bring an end to it…

Apr 09, 2015

RT @JamilSmith: Almost as disturbing as Walter Scott being murdered by a police officer is how casually the cop lies about it.

Apr 02, 2015

RT @daniburgr: This will totally put a damper on the long held and holy tradition of newly weds feeding each other slices of pizza…

Apr 02, 2015

RT @thegarance: This story is completely nuts+amazing & also proves @BuzzFeed can do viral even in languages the writers don't speak http:/…

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