Billionaire Li Ka-shing, chairman of CK Hutchison Holdings Ltd and Cheung Kong Property Holdings Ltd speaks during a news conference in Hong Kong, March 22, 2017. [Photo/VCG] Hong Kong billionaire Li Ka-shing, 90, announced today he is retiring from his companies. Li said he will officially step down as the chairman of CK Hutchison and CK Asset later this year and will serve as a senior adviser. He will be succeeded by his elder son Victor Li Tzar Kuoi. The 89-year-old tycoon made the announcement at a press conference where his four listed companies, CK Hutchison, CK Asset Holdings Ltd., CK Infrastructure Holdings Ltd. and Power Assets Holdings Ltd., released their annual results. His net worth is $35.4 billion as of today, and is ranked 24th on the list of world's billionaires, according to forbes.com. Li is one of the richest and most influential tycoons in Asia, with interests in everything from ports and utilities to telecoms. His companies employ some 310,000 people in more than 50 nations. According to Forbes, his Li Ka Shing Foundation has donated more than $2.6 billion; over 80 percent has gone to Greater China. In 1950, after learning how to operate a plant, Li founded a plastic manufacturing company in HK with personal savings and funds borrowed from relatives.  Li started out by supplying HK and the rest of the world with high-quality plastic flowers at low prices in the 1950s. black rubber bracelets
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HONG KONG - Hong Kong Tourism Board (HKTB) announced on Wednesday that the Second e-Sports & Music Festival Hong Kong would be staged next month, featuring three international e-sports tournaments and expected to attract more young visitors to Hong Kong.The festival, to be held from Aug 24 to 26, will be with a larger scale and richer content than last year, with over 110 players from all over the world competing in "Return of the Legends 2018" and another two top international e-sports tournaments, the HKTB said."The first e-Sports & Music Festival Hong Kong last year generated global publicity value of over HK$150 million (about $19 million) and the e-sports tournaments also attracted more than 7.4 million live online viewers, providing enormous international exposure for Hong Kong," HKTB Chairman Peter Lam said at a press conference on Wednesday."The HKTB will continue to organize the festival this year with a larger scale and richer content, aiming to entice more young visitors to come and experience the vibrant and dynamic atmosphere of Hong Kong," he added.The HKTB would promote the festival in short-haul markets, especially the Chinese Mainland, Japan, South Korea, and Southeast Asia, said Lam.In addition to e-sports tournaments, there would be an Experience Zone, showcasing the latest e-sports-related products, and featuring game displays, VR experience, mobile game trials and music performances for visitors.
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