Richard Li

Hong Kong businessman

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2020 Li launched the insurance group bolttech. HKT launched 5G wireless services. Li continued to chair Pacific Century Group and remained chairman of PCCW Ltd. and HKT Limited.
2020 Forbes ranked Richard Li as the 20th richest businessperson in Hong Kong, with a net worth of $4.5 billion.
February 2020 During the COVID-19 pandemic, PCG donated surgical masks to health care workers and NGOs in Hong Kong to support pandemic response efforts.
2019 FWD insurance group had around $30 billion in assets under management. HKT announced establishment of one of the first licensed virtual banks in Hong Kong.
2019 Li concluded his role as chairman of PCPD.
2018 Li had invested a total of US$930 million in the Hanazono resort project, with development progressing towards completion.
2017 Li ended his role on the board of the Bank of East Asia after 16 years.
August 2017 PCCW OTT secured new investors including Hony Capital, Foxconn Ventures, and Temasek. Li was ranked 15th in Forbes' list of Hong Kong's 50 richest people and 385th globally with an estimated fortune of $4.3 billion.
March 2015 PCCW Media acquired mobile video provider Vuclip and launched the streaming service Viu.
2014 The acquisition of CSL New World Mobility was completed.
2013 Founded FWD Group, further diversifying his business interests in the financial and insurance sectors.
December 2013 HKT, under Li's chairmanship, agreed to acquire CSL New World Mobility from Telstra for HK$18.8 billion.
November 2011 Li became chairman of HKT Trust, HKT Limited, and HKT's executive committee.
October 12 2011 PCCW shareholders approved the spinoff and initial public offering of PCCW's telecommunications assets, which raised around $1.2 billion.
June 2011 The listing plan for HKT Trust was approved by the Hong Kong Stock Exchange.
2010 PCG acquired the asset management business of AIG Investments, subsequently renaming it to PineBridge Investments, expanding his investment portfolio.

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