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BUSINESS & TECH

Li Ka-shing Retires, Ending an Era

Li Ka-shing. Photo: Guo Xianzhong/Caixin
Li Ka-shing. Photo: Guo Xianzhong/Caixin

(Hong Kong) — Hong Kong’s richest man, Li Ka-shing, has announced his retirement, marking the end of an era for the region’s business community.

Li, whose massive conglomerates have dominated the Hong Kong economy for decades and have a presence in more than 50 countries, will be stepping down as chairman of CK Hutchison Holdings Ltd., he announced at his annual news conference on Friday.

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