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...Even at companies with top-notch outside managers, maintaining the bloodline remains paramount. At Hong Kong's Hutchison Whampoa, tycoon Li Ka-shing has been among Asia's most adept at attracting external professional managers, but ultimately, observers believe he'll eventually pass on the chairmanship to his eldest son, Victor. "There's a history of trying to keep things in the family," says shareholder-rights activist David Webb in Hong Kong...

Author: /time Magazine | Title: Asian Management | 3/14/2005 | See Source »

...inevitably, the controversy involves money. The government plans to award the entire project-which could cost up to $6.8 billion-to a single consortium, which would build and then run the cultural facilities for 30 years. Three development groups-including a partnership of Li Ka-shing's Cheung Kong Holdings and Sun Hung Kai Properties, the city's largest developer-were shortlisted, and last month, their proposals were unveiled at an exhibit replete with detailed models and video simulators. So far, more than 60,000 people have gone to take a look. "At the end of the day, it comes...

Author: /time Magazine | Title: Hong Kong's New Culture | 1/17/2005 | See Source »

Richard Li, the entrepreneurial son of Hong Kong tycoon Li Ka-shing, had big plans in 2000 when, during the height of dotcom mania, he used the inflated stock of his Internet start-up to buy Hong Kong's dominant phone company, Hong Kong Telecom. Li's grand vision was to use the telco's network as a springboard to launch an interactive entertainment service called Network of the World (NOW), aimed at delivering TV-style content over the Internet to global subscribers. But NOW flopped when the Internet bubble popped, and a chastened Li was left with little more...

Author: /time Magazine | Title: Unplugging the Cable | 1/16/2005 | See Source »

Imagine flanking your home stereo with birds of paradise rather than a pair of speakers. The Ka-on flower speaker, housed in a vase, below, or pot, uses real plant parts--stems to conduct sound waves, leaves and flowers to serve as cones--to fill a 16-ft. radius with music. Its audio quality is closer to that of a vinyl record than a CD, but for some audiophiles, that's a good thing...

Author: /time Magazine | Title: Coolest Inventions 2004: Cutting Edge | 11/29/2004 | See Source »

Students enjoyed traditional honey-soaked dough balls called gulab jamun, and gajar ka halwa, a sweet carrot dish...

Author: By T. JOSIAH Pertz, CONTRIBUTING WRITER | Title: Students Celebrate Hindu Festival of Lights | 11/15/2004 | See Source »

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