HONG KONG • The prediction was vintage Jack Ma, as provocative as it was prescient. This is the era of the Internet, the Chinese billionaire proclaimed in October 2013, just weeks after his plan to take Alibaba Group Holding public in Hong Kong had been scuttled by regulators. It no longer belongs to Li Ka-shing.
Mr Ma s dig at the famed Hong Kong tycoon raised plenty of eyebrows at the time, but few would disagree with him now. The past few years have seen a remarkable shift in fortunes between China s tech-savvy moguls and their old-school Hong Kong counterparts - a trend that shows few signs of fading any time soon.
Old-school tycoons of Hong Kong are losing to China s moguls
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Old-school tycoons of Hong Kong are losing to China s moguls
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His £6.471bn net worth increased by £2.471bn last year, moving him up the rankings from number 33. Keswick owned The Spectator, a British conservative magazine, from 1975 to 1980. He is the chairman of Jardine Matheson Holdings Ltd, which he joined in 1961. He has been a director since 1967 and became managing director in 1970, and chairman in 1972. He and his wife donated £100,000 to the Conservative Party in the 2017 General Election. According to the Register of Members Financial Interests, in January 2020, Keswick donated £2,000 to Conservative MP Jacob Rees-Mogg. He also donated £10,000 to Devizes MP Danny Kruger.