Word: li
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...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...
...Done with scaling peaks? Then try kayaking down the Li River (also with China Climb) or hire a bicycle and head out on your own. There are lots of spectacular hikes in the vicinity, too. The Outside Inn, tel: (86-773) 881 7109, in Chao Long village, just 5 kilometers from Yangshuo, is a great place to base yourself for these: a path into the hills begins outside the gate. You can also explore the countryside with a "farmer-guide" whose tours include lunch in his or her own home (don't worry about finding these guides?they'll approach...
When China Power International launched its Hong Kong IPO in mid-October, the local press treated CEO Li, 43, like a movie star. She got more space in the South China Morning Post than did Elton John, who had performed in Hong Kong that week. That's because in Asia, Li is almost royalty. Not only is she the first female boss of a foreign-listed, state-owned Chinese company, but her father is former Chinese Premier Li Peng, a controversial figure who became the public face of the Communist Party's hard line against democracy protesters in 1989. Li...
When the pressure of running the world's biggest television maker weighs heavily on Li Dongsheng's shoulders, he reflects on his years in the muck. During China's Cultural Revolution, when Chairman Mao Zedong ordered high school graduates to learn from the peasantry, Li spent three years raising fish and rice. Today his company, TCL, based not far from the old commune in Guangdong province, is looking far beyond the paddies. The goal: to transform TCL into a worldwide household name. "When I hit problems along the way," says Li, 47, "I think, This is nothing like what...
...Li's success at TCL has mirrored China's rise. After economic reforms took hold about 1980, Li noticed the popularity of imported tape recorders. With government investment, he helped form what he says was China's first cassette-tape company. As incomes rose, telephones caught on, and Li's company became China's biggest phonemaker. Black-and-white TVs came next, in 1981; color in 1992. Today TCL is China's second biggest producer of mobile phones, and Li wants to become No. 1 in air conditioners. But competition remains fierce among Chinese electronics firms. To stay ahead, Li...