Early Life
Li Ka-shing was born on July 29, 1928, in Chao'an, Chaozhou, Guangdong Province, China. In 1940, he and his family fled to Hong Kong as refugees due to the Sino-Japanese War. At the age of 15, he was forced to leave school to support his family after his father's death.
Rise to Success
Li began his career working in a plastics trading company. In 1950, he founded Cheung Kong Industries, a plastics manufacturing company. He later entered the real estate industry and founded Cheung Kong Holdings in 1971. A significant turning point was the acquisition of Hutchison Whampoa in 1979, making him the first Chinese businessman to acquire a major British-owned trading company.
Key Business Strategies
Li Ka-shing is known for his strategic investments and diversification. He expanded into various sectors, including real estate, ports, telecommunications, retail, and infrastructure. His investment in the UK mobile phone company Orange proved to be a highly profitable move. He is also recognized for his long-term vision and ability to adapt to changing market conditions.
Philanthropy
Li Ka-shing established the Li Ka Shing Foundation in 1980, which focuses on education, medical services, research, and anti-poverty programs. The foundation has invested over $30 billion in projects across 27 countries, with a significant focus on Mainland China and Hong Kong. His philanthropic efforts have included supporting Shantou University and various medical and research initiatives.