HK tycoons: on the front line with mainland firms

Hong Kong’s family-owned conglomerates are locked in fierce competition with mainland Chinese companies that are expanding overseas, and they are losing at least one battle.

HK tycoons: on the front line with mainland firms

Hong Kong’s business moguls are using different tactics in the face of fierce competition with mainland Chinese companies that are rapidly expanding overseas.

The tycoons’ fate offers a glimpse into a possible future for other companies that will face the mainlanders as Beijing pursues a China-centred trading network with countries identified in its Belt and Road Initiative and as business disrupters, such as Alibaba and Tencent, tackle new markets.

For many...

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