Word: shing
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Dates: during 2000-2009
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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...
Name A Japanese corporate colossus, and chances are it started as a family firm--Mitsubishi, Sumitomo, Toyota, Kikkoman. Hundreds of millions of Indians garb themselves daily in cloth made by the Ambanis or Wadias. Residents of Hong Kong can barely avoid contributing to the coffers of billionaire Li Ka-shing and his sons, who control office towers, supermarkets, electronics outlets and telephone companies. Business in Asia is a family affair, and the most accurate picture of an Asian economy remains a diagram of an extended family tree connecting clans that make things to those that finance them, with dotted lines...
HONG KONG Li CHEUNG KONG HOLDINGS/HUTCHISON WHAMPOA Asia's richest man, Li Ka-shing, is preparing to pass on the keys to his empire. Which son will he choose--the steady, cerebral firstborn or the flashy, creative younger son? 2002 Revenues: $20.5 billion...
...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 are massive...
Graustein Professor of Mathematics Shing-Tung Yau remembers receiving a phone call years ago from an unknown researcher in England informing him that the three mathematical structures discussed in his recently published “Calabi Yau Manifolds” were all essentially the same structure. Greene was the researcher, and Yau first disregarded his claims but was later astonished to realize Greene was correct. Yau subsequently convinced Greene to work with him for the following two years. “In those days, it was more like he was teaching me than me leading the research...