Hong Kong tycoon Li Ka-shing, a rags-to-riches billionaire, and his CK Hutchison conglomerate are at the centre of US-China rivalry after deciding to sell their ports concessions in strategic Panama

Hong Kong tycoon Li Ka-shing, a rags-to-riches billionaire, and his CK Hutchison conglomerate are at the centre of US-China rivalry after deciding to sell their ports concessions in strategic Panama

Hong Kong tycoon Li Ka-shing and his conglomerate CK Hutchison have been tied up in global US-China rivalry since announcing a controversial $19 billion sale of strategic ports in Panama last year.

The Li family owns 30 percent of CK Hutchison, which controls ports, retail, infrastructure and other businesses in dozens of countries and reported revenue of $61.4 billion in 2024.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.