Media Development Authority - US$100 MILLION MEDIA FINANCING FACILITY SET UP IN SINGAPORE

Media Development Authority - US$100 MILLION MEDIA FINANCING FACILITY SET UP IN SINGAPORE

Singapore Venture Capital and Private Equity Association celebrate 10th anniversary

Singapore Venture Capital and Private Equity Association celebrate 10th anniversary

Asiaweek.com | A Tale of Two Sons | 10/27/2000

Asiaweek.com | A Tale of Two Sons | 10/27/2000

TIMEasia.com | Cover: The Son Also Surprises | 3/13/2000

TIMEasia.com | Cover: The Son Also Surprises | 3/13/2000

MARCH 13, 2000 VOL. 155 NO. 10


The Son Also Surprises
With a stunning takeover of Hong Kong's telecom giant, Richard Li steps out from the shadow of his tycoon father, Li Ka-shing
By ANTHONY SPAETH

TIMEasia.com | Cover: The Son Also Surprises | 3/13/2000

TIMEasia.com | Cover: The Son Also Surprises | 3/13/2000: "Hutchison had a satellite, which it used for its telecommunications operations. Richard realized that it could also handle television transmissions, and that led to a truly visionary idea. He could circumvent the stodgy government monopolies that controlled TV throughout Asia by beaming programs directly to viewers. True, few Asians owned satellite dishes. But Richard realized that entrepreneurs across the continent could buy a dish and fling cables around the neighborhood to satisfy any household that wanted to see The Bold and the Beautiful or Santa Barbara. He persuaded his father to invest $62.5 million and launched Star TV. (Hutchison's total investment in Star would climb to $125 million.) As a 20-something boss, Richard didn't stand on ceremony. On-air glitches prompted famous tirades. Current employees say Richard has mellowed, but he still occasionally berates senior managers in public."

Asiaweek.com | Cover: Coming of Age | 3/10/2000 Richard Li

Asiaweek.com | Cover: Coming of Age | 3/10/2000: "MARCH 10, 2000 VOL. 26 NO. 9

Coming of Age
Hong Kong's most successful Internet company wins control of telecom giant Cable & Wireless HKT. Now what?
By YULANDA CHUNG Hong Kong and ASSIF SHAMEEN Singapore


Vincent Yu/AP; Photo Illustration by Emilio Rivera III
The Winner: Richard Li Tzar-kai

For someone who has just committed to spend up to $38.1 billion in a buyout of Hong Kong's oldest telecommunications company, Richard Li Tzar-kai looks remarkably relaxed. 'Do I have to be serious all the time?' the 33-year-old bachelor asked Asiaweek a day after his 10-month-old Internet company, Pacific Century CyberWorks (PCCW), outmaneuvered state-controlled Singapore Telecom and media magnate Rupert Murdoch in a brief but epic battle to acquire Cable & Wireless HKT. Li (estimated net worth: $6.5 billion) also persuaded four banks, including HSBC Holdings and Bank of China, to lend him $11 billion, a record in Hong Kong. In February, he raised $1 billion in a matter of days through a PCCW share placement that was 40 times oversubscribed. "

CASe Studyt : Richard Li : Milestones

PCCW chairman Richard Li has been ranked 10th on Fortune magazine's global list of richest people under 40. RICHARD LI AND HIS DEALS
1966 - Born in Hong Kong
1979 - Age 13, sent to California, attends Menlo Park School
1983 - Goes to Stanford, obtains degree in computer engineer
1987 - Age 21, moves to Canada, works at Gordon Capital investment bank
1990 - Returns to Hong Kong to work for father's company Hutchison Whampoa
May 1991 - Establishes STAR satellite television network
July 1993 - Sells controlling stake (63.6%) in STAR to Rupert Murdoch's News Corp. for $525m; subsequent deal in 1995 for total News Corp. control takes sale total to $950.5m
1993 - Launches Pacific Century Group (PCG)
Nov 1995 - March 1997 - Develops real estate projects in Toronto, southern China, Beijing and Tokyo
March 1998 - PCG announces joint venture with Intel (with 40% stake) called Pacific Century Convergence Corp. to develop information technology systems
March 1999 - Hong Kong government announces award of Cyber-port project to PCG which pledges to invest around $1bn
May 1999 - Announces reverse takeover for Hong Kong-listed Tricom, which is renamed Pacific Century CyberWorks; pays $315m for the deal
May 1999 - Announces creation of CyberWorks Ventures, a listed high-tech venture capital investment fund
May 1999 - Joint venture created with Credit Suisse First Boston to manage and invest in Asian properties
August 1999 - launches Pacific Century CyberWorks Limited
August - October 1999 - spends some $600m buying stakes in 13 information technology companies - AsiaWeek
2000 February
Richard Li buys Cable & Wireless HKT for $38 billion (USD)
Li, son of billionaire Li Ka-shing, was ranked 10 with a fortune of HK$12.4 billion.

World Press Review: A battle for Asia's eyes and minds - television stations: "A battle for Asia's eyes and minds - television stations

In the balmy blue waters off Corsica last July, Richard Li sailed aboard Rupert Murdoch's yacht Morning Glory and turned over 64 percent of his Satellite Television Asia Region (STAR) satellite service to the Australian-born publishing mogul.
Li's $525-million deal was eclipsed by news in October that Murdoch had sold his South China Morning Post of Hong Kong in order to focus on the satellite race. For the experts, there could be no better evidence that the future of news media is in the skies.
The leading characters in this battle are Li, scion of Hong Kong's richest family; the flamboyant Murdoch; the ever-inscrutable Robert Kuok of Malaysia; and a living legend of Hong Kong, Sir Run Run Shaw. The prize is nothing less than tele-media supremacy over Asia and, with it, the power to influence the opinions of 3 billion people.
Three years ago, Li envisioned millions of Asians watching the same programs via satellite. The second son of Hong Kong's richest man, Li Ka-shing, he was handed $300 million to start up his pet pastime. As the deputy chairman of HutchVision, a subsidiary of the Hutchison Whampoa Ltd. conglomerate, Li astounded the pundits with the quick rise of STAR TV After only three short years, STAR is watched in 12 million households.
STAR TV rocketed past existing media due to its ability to beam radio signals through the transponders loaded on Asiasat 1 (Asia Satellite Telecommunications). The satellite, a joint venture of the Li family's Hutchison group and British and Beijing companies, has a 38"footprint," or broadcast area, spanning from Japan to Egypt, Russia to Indonesia.... continued :
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Fashion TV

Fashion TV
Advertising Rates

Television Asia Market Size

Television Asia Market Size

In Asia, television advertising revenue and percentage contributions are as follows: Hong Kong, US$16,446 million in revenue, representing 49% of total media expenditure; Japan US$16,446 million, representing 33%, China US$3,611.2 million representing 67% of total media expenditure in that country, Taiwan 1,071.8 million, representing 56% of total Taiwanese media expenditure. (AdWeek Asia, 23 April, 1999)