Word: li
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Harvard now held a 3-0 advantage, and freshman Jack Li sealed the dual match with a 6-3, 7-6 (1) victory...
...labor-camp gulags and ending arbitrary police detentions--take heart from Hu's reluctance to crack down on their efforts. Many see him as a pragmatist who will continue the party's slow withdrawal from a complex society. "Hu isn't changing China. China is changing Hu," says Li Fan, director of the private Beijing-based World and China Institute, which promotes local elections. The unanswered question: Can Hu change fast enough? --By Matthew Forney
Succession is always a thorny topic, but Li's case is sensitive because of his reputation as a dealmaker whose instincts may be impossible to duplicate. Li is also considered one of Asia's most forward-thinking businessmen. Hutchison Whampoa was an early investor in cell-phone companies such as Voice Stream and Orange, which were sold for huge profits. The company operates mobile-phone networks in Europe, Asia and Australia, though analysts are questioning Li's unprofitable investments in next-generation, or 3G, mobile-phone networks. It has major retail holdings in Europe (Superdrug) and Hong Kong, and also...
...pass beyond three generations," warns a Chinese proverb. Genes, the thinking goes, don't always carry the entrepreneurial DNA of an empire's founder to his descendants, who consistently dissipate the ancestral fortune. That quaint admonition must be weighing on the mind of Hong Kong--based alpha tycoon Li Ka-shing. Though he has given no indication that he is contemplating retirement, Asia's richest man (estimated net worth: $12.4 billion) is 75 years old. Which of his two sons--quiet, nose-to-the-grindstone Victor or sociable, creative Richard--will take over the family businesses? The Li holdings...
Unlike many Asian tycoons, Li relies on nonfamily professionals to run his empire. That said, analysts don't expect him to choose a successor outside the bloodline. The betting is that Li will pass his scepter to eldest son Victor, 39, a Stanford-trained engineer and deputy chairman of Cheung Kong...