Alternative investing marketplace SecondMarket has raised $15 million -- the latest sign of the healthy demand for private tech companies.
The charity foundation of Li Ka-shing, Hong Kong's richest man, and Singapore's sovereign wealth fund said Tuesday they had invested $15 million in SecondMarket. You may not have heard of this fast-growing New York-based company, but it's created new exchanges where companies and investors can sell assets they might otherwise have had trouble unloading.
Alibaba.com, China's largest e-commerce company, will soon start charging some users of its free Alipay online payments service as it seeks new sources of revenue.
The number of billionaires surged this year, as did their collective pile of cash, according to Forbes magazine's annual billionaire list.
Throughout the world, Residential Internet access is usually sold as part of a bundle: To get fast, always-on service, a customer first has to purchase a local telephone line or sign up for cable T...
On a breezy Sunday, Richard Li, 34, the second son of Hong Kong tycoon Li Ka Shing, dashes into the Royal Hong Kong Yacht Club. All eyes follow young Li to a secluded table on the terrace, where yo...
Forget the Silicon Valley gold rush--the unheralded story of last year is the one that took place in Asia. Flush with new dot-com offerings, Asian equity markets exploded. From Tokyo to Singapore, ...
Fortune: THE STYLE OF POWERupdated: Mon Nov 11 1996 00:01:00
Style is hardly a prerequisite of power; Bill Gates and Warren Buffett certainly reign in their worlds without it, Hillary Clinton in hers. But those who manage to join the two successfully seem to...
When China's dictatorship of the proletariat exercises its right to rule Hong Kong on July 1, 1997, there likely won't be chaos or military suppression. Instead, look for an unusual form of polity:...
Rupert Murdoch sure gets a lot of work done on vacation. Aboard his yacht, Morning Glory, off the coast of Italy, he recently signed a deal to buy 64% of HutchVision's STAR TV from billionaire Li K...
Like them or loathe them, Hollywood soap operas have a certain appeal that transcends borders. Millions of urban viewers in India can't get enough of two U.S. daytime soaps, NBC's Santa Barbara (wh...
THE PACIFIC CENTURY is dawning like thunder out of China. Yes, everyone has been gazing at the horizon in anticipation of the emergence of a new center of economic growth. But its arrival comes wit...
WHAT does a Chinese billionaire teach his children? Quite a lot, even though Li Ka-shing is mostly self-educated and his two sons -- Victor, 27, and Richard, 25 -- studied at Stanford. Says Li: ''I...
With Olympia & York falling into bankruptcy, what will be the fate of its $5.4 billion Canary Wharf development in the docklands of London? Rumors abound that Dubai's Sheikh Maktoum al Maktoum, Hon...
Western companies will have to hurry to catch up in Asia. Every three days a new Japanese factory opens in Thailand. Hong Kong multibillionaire Li Ka-shing already broadcasts television programs, w...
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