
Shirley Zhao
@shirleyZhaoXY
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Journalist based in Hong Kong @business, covering gaming, consumer and conglomerates. Views are my own. Email: [email protected]
Joined January 2012
Bloomberg scoop: China's largest shipping company is set to join the BlackRock-backed consortium for billionaire Li Ka-shing's ports, and is asking for a powerful role in the group to secure China's interest.
bloomberg.com
China’s biggest shipping company is set to join the global consortium that’s acquiring Hong Kong tycoon Li Ka-shing’s overseas ports, and is requesting a powerful role in the group in order to secure...
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Hong Kong's privacy watchdog is investigating a data leak affecting about 419,000 customers of Louis Vuitton, following similar incidents in the UK and South Korea.
bloomberg.com
Hong Kong’s privacy watchdog is investigating a data leak affecting about 419,000 customers of Louis Vuitton, as the luxury giant suffers from a string of cyber attacks across its key markets in...
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Scoop: Billionaire Cheng family's New World is seeking to sell its flagship mall 11 Skies to ease its cash crunch. The project, which cost HK$20 billion to build, is now valued at about HK$15B to HK$17B.
bloomberg.com
New World Development Co. is seeking to sell its flagship 11 Skies mall to address liquidity constraints, according to people familiar with the matter.
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Scoop: Billionaire Richard Li's talks of expanding his insurance business into mainland China stalled after Beijing got upset about his father Li Ka-shing's plan to sell global ports to a group backed by US firm BlackRock. -- w/@PearlLiu, Dong Cao.
bloomberg.com
Billionaire Richard Li’s talks to expand his insurance business into mainland China have stalled after Beijing reacted with fury to his father Li Ka-shing’s plan to sell a suite of global ports —...
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RT @bbgoriginals: A Hong Kong family dynasty in turmoil, with no known succession plan and billions in debt as China’s property crisis cont….
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Scoop: Billionaire Cheng family's New World seals deal with Louis Vuitton on megastore in Hong Kong. -- with Haze Fan.
bloomberg.com
Hong Kong’s New World Development Co. has secured an agreement with Louis Vuitton to open a new megastore in the financial hub, according to people familiar with the matter, as global luxury giants...
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Scoop: China's largest shipping company Cosco is among firms in talks with a consortium seeking to buy billionaire Li Ka-shing's global ports. The development has raised hope that it may ease China's concerns over the controversial deal.
bloomberg.com
China’s largest shipping company is among the firms in talks to invest in a multinational consortium seeking to buy billionaire Li Ka-shing’s global ports, according to people familiar with the...
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Exclusive: The slow progress and depressed outlook for New World's $2.6 billion mega mall at Hong Kong's international airport is raising concerns among executives. Nice working with @AirEVthingTRNSP and @ShawnaKwan to get this deep dive out.
bloomberg.com
New World Development Co. executives are growing concerned about prospects for their $2.6 billion mega-mall project near Hong Kong’s airport, people familiar with the matter said, adding to challen...
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Some luxury brands like Balenciaga and Versace are pulling back from steep discounts in China, seeking to rebuild an image of exclusivity to lure back wealthy shoppers whose spending remains less affected by economic slowdown.
bloomberg.com
Some luxury labels are pulling back from steep markdowns in China, seeking to rebuild an image of exclusivity to lure back wealthy shoppers whose spending remains less affected by economic slowdown.
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Scoop: Warburg Pincus-backed ESR Group is offering to sell a premium office tower in Shanghai at a 20% discount, reflecting increasing investor concerns about China's economic outlook amid a property market crisis and trade tensions.
bloomberg.com
ARA Asset Management Ltd., a unit of Warburg Pincus-backed ESR Group Ltd., is offering to sell a premium office tower in Shanghai for about 2.3 billion yuan ($314 million), people familiar with the...
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Scoop: Italian tycoon Aponte family's firm will own most of the 43 ports sold by Li Ka-shing, while BlackRock will control the two in Panama -- latest revelation of a deal that's upset China over US involvement. --w/ Dong Cao, Manuel Baigorri.
bloomberg.com
Italian billionaire Gianluigi Aponte’s family-run business will be the lead investor of a group seeking to buy 43 ports from Hong Kong tycoon Li Ka-shing, people familiar with the matter said, a deal...
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While the US-China tariffs war is heating up, we took a deep dive into what happened behind the scenes of Li Ka-shing's port deal, and what options he has facing political complications involving the US, China and Panama. --w/ Dong Cao, Manuel Baigorri.
bloomberg.com
By the time word reached Beijing, it was too late to contain the damage.
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While China is trying to woo overseas investors, its pressure on Li Ka-shing to stop a port sale risks scaring away businesses. -- w/ @LucilleLiu. Xi Showdown With Li Ka-shing Threatens China’s Pro-Business Push.
bloomberg.com
President Xi Jinping is seeking to paint China as a steady partner to investors roiled by a global trade war. A spat over a shipping lane coveted by Donald Trump is testing that push.
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Billionaire Li Ka-shing is looking to delay the expected signing of the Panama port sale with a BlackRock-led group next week, but works on the deal are still progressing, sources said. CK Hutchison, BlackRock to Delay Signing Panama Ports Deal.
bloomberg.com
Hong Kong billionaire Li Ka-shing is considering delaying the expected signing next week of a controversial deal to sell his Panama Canal ports to a consortium including BlackRock Inc., people with...
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Less than a week before CK Hutch is expected to sign a definitive agreement on selling two Panama ports to a BlackRock-led group, Hong Kong media reported the parties won't meet the deadline. CK Hutchison Will Delay Signing Panama Ports Deal, Media Say.
bloomberg.com
Billionaire Li Ka-shing, Hong Kong’s most famous tycoon, won’t go ahead with the expected signing next week of a controversial deal to sell his Panama Canal ports to a consortium including BlackRock...
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Billionaire Cheng family has finally pledged its heritage asset Victoria Dockside (including K11 Musea) for an additional loan to ease its debt woes. New World Seeks $2 Billion Loan Pledging Prized Hong Kong Asset.
bloomberg.com
Hong Kong developer New World Development Co. has proposed using one of its most valuable assets, Victoria Dockside, as collateral for an additional loan of as much as HK$15.6 billion ($2 billion),...
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Pressure is mounting on billionaire Li. While his CK Hutchison and private investment arm have little dealing with China, CK Asset and son Richard Li's PCG are more exposed. China Said to Pause New Deals With Li Ka-shing, Family After Panama Ports Deal.
bloomberg.com
China has told state-owned firms to hold off on any new collaboration with businesses linked to Li Ka-shing and his family, according to people familiar with the matter, after the Hong Kong billion...
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Negotiations for Li Ka-shing's CKH to sell 43 ports to a BlackRock-led group are moving ahead as planned, sources said, indicating that China's anger over the deal has not yet disrupted the talks. CK Hutchison Said to Proceed With Port Deal Amid China Ire.
bloomberg.com
CK Hutchison Holdings Ltd.’s plan to sell two Panama ports to a BlackRock Inc.-led group is moving ahead as scheduled, people familiar with the matter said, in a sign that negotiations have not yet...
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