Patrick Tang

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Hong Kong tycoon's Internet group cuts ties with Google

| From afp.com

The Internet company owned by Hong Kong's richest man, Li Ka-shing, severed ties with Google's search services Wednesday, sparking concerns that other companies may also pull away from the Web giant. Stressing its adherence to China's laws, Hong Kong-listed TOM Group issued a statement on behalf of subsidiary TOM Online following Google's decision to stop censoring its Chinese search engine on Monday. TOM, which runs online and mobile Internet services in mainland China, said it had stopped...Read Full Story

Hong Kong tycoon cuts ties with Google

| From afp.com

The Internet company owned by Hong Kong's richest man on Wednesday severed ties with Google's search services, sparking concerns that other companies may pull away from the Internet giant. Stressing its adherence to China's laws, Hong Kong-listed TOM Group issued a statement on behalf of subsidiary TOM Online following Google's decision to shut down its Chinese search engine on Monday. TOM, which runs online and mobile Internet services in mainland China, said in a statement it had stopped...Read Full Story

Hong Kong tycoon pays $233 million for elite property

| From afp.com

One of Hong Kong's richest tycoons has paid about 233 million US dollars for a property in the city's upmarket Peak area, confounding hopes of a cool-down in the real estate market. Henderson Land Development Chairman Lee Shau-kee paid 68,229 Hong Kong dollars (8,750 US dollars) per square foot for the site in the Peak's Barker Road at a public auction, said real-estate services firm Jones Lang LaSalle, which organised the sale on Tuesday. The 82-year-old's son, Martin, made light of the...Read Full Story

Macau casino tycoon sues family to recover lost billions

| From reuters.com

MACAU/HONG KONG ( Reuters ) - Macau casino magnate Stanley Ho has sued family members in a bid to recover billions of dollars of assets in another bizarre U-turn to a feud over the ailing tycoon's empire. Ho, chairman of Macau's biggest casino operator, SJM Holdings , hours earlier had gone on television to say he would not sue and that he wanted to resolve the matter privately with his family. The latest move in the zig-zag tussle for the 89-year-old tycoon's billions of dollars of assets...Read Full Story

Hong Kong tycoon drops $2 billion bid for PCCW

| From ap.org

A Hong Kong tycoon abandoned his controversial $2 billion plan to take over the city's biggest telecom company Thursday after a court blocked the deal, handing regulators and minority shareholders a high-profile victory. Richard Li, chairman of fixed-line operator PCCW, said in a statement he and his buyout team would let the proposal lapse rather than extend its date for completion following Wednesday's unanimous decision by a three-judge appeals panel rejecting the effort. Li said he was...Read Full Story

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