(Dec 3): Billionaire Richard Li, who broke away from his famous father Li Ka-shing decades ago to build his own business empire, is taking a page out of his dad’s playbook by further expanding outside Hong Kong.
The coronavirus pandemic gives rise to the major risk of companies and small businesses going insolvent.
Amidst the challenges of delayed deals, volatility and weakened buyer appetite, market players are cautiously predicting that the COVID-19 crisis may trigger increased activity for Asia’s cash-rich private equity funds – once the human and economic impact of the outbreak subsides.