Lui Che-woo, who rose from humble beginnings to become one of Asia’s biggest casino magnates, with a portfolio of hotels, resorts and property in Hong Kong and Macau, has died. He was 95. Lui, the chairman of the K. Wah Group of companies, passed away peacefully on November 7, according to separate filings to the…
Warren Buffett, chairman and CEO of Omaha, Nebraska-based holding company Berkshire Hathaway, is one of the world’s most well-known investors, with a net worth north of $145 billion. Image Credit: Eric Francis | Getty Images. Warren Buffett. However, like all successful investors, Buffett had to start somewhere. In his biography The Snowball: Warren Buffett and…
‘Shark Tank’ star Kevin O’Leary is enthusiastically backing Elon Musk’s plan to cut $2 trillion from federal spending—and in fact, he thinks the cuts should be even higher. If former president Donald Trump wins a second term, he has pledged to appoint Musk as head of a new Department of Government Efficiency that would enact…
Almost two years after Hong Kong began its big talent drive to attract graduates and top earners, the picture is less than rosy for many cleared to come to the city. In the first of a three-part series, Willa Wu finds out what new arrivals have experienced. Kira Xiong, a 23-year-old finance graduate with degrees…
Upgraded yet? With the iPhone 16s now out, it seems many couldn’t wait for Apple’s flagship product. Sales in China, the world’s biggest smartphone market, are up 20% in their first three weeks compared with 2023’s model, a report today estimated. In response, Wedbush Securities said a “monster” fourth quarter may mean Apple adds some…
Jeff Bezos and Elon Musk are two of the richest business leaders in the world, with respective net worths of $202.5 billion and $261 billion. But that’s not the only thing they have in common. The 60-year-old Amazon founder and 53-year-old Tesla CEO happen to be the oldest children in their families. Related: How Being…
Anthony Tan is the co-founder and CEO of Grab. Founded in 2012, the ride-hailing app has now grown into a “super app” that offers services in mobility, deliveries, and digital financial services. Grab is listed on the Nasdaq and has more than 35 million users across eight countries in Southeast Asia as of 2023. Anthony…
Hong Kong’s success has always been in its openness to opportunity and willingness to try new things. This “can-do” spirit may now seem a bit canned in expression, but the truth of it remains – Hong Kong cannot afford to lose its appetite for risk. It was what made us a cultural icon in the…
To most Western observers, it would appear that China has driven its technology industry off a cliff. The number of startups fell by 50,000 between the peak in 2018 and 2023, with this year on track to be even lower. The market capitalizations of the biggest tech companies, including Alibaba Group Holding Ltd. and Tencent…
Businesspeople and entrepreneurs “are not bystanders” in Hong Kong, the city’s leader has said, vowing to lead different sectors to help boost the economy and improve livelihoods following his meeting with a senior Beijing official last week. Chief Executive John Lee Ka-chiu made the pledge on Tuesday, days after hearing from Xia Baolong, director of…