Victor Li Shares Hong Kong’s Image Problem
2018-12-24 11:30:19 source：Bloomberg
December 24, 2018
The slow death of the conglomerate has been a theme in the developed world, exemplified this year by the decline of General Electric Co. to a shadow of its former self. By contrast, Asia’s sprawling family-controlled groups have continued to thrive. That’s not to say they’re free of challenges.
Victor Li, 54, sits atop a global empire spanning telecom, ports, real estate, retail and energy that was built by his father, the legendary Hong Kong billionaire Li Ka-shing. Seven months after taking over from CK Group’s 90-year-old founder, the younger Li must confront a more protectionist landscape that poses a threat to its strategy of diversifying away from its home city and China.
The core of the Stanford University-educated engineer’s problem is this: Being a Hong Kong company no longer shields CK from a backlash against Chinese expansion.
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