MARCH 10, 2000 VOL. 26 NO. 9

Pillars of the Li Empire
Even without HKT, Li companies account for 23% of Hong Kong's market capitalization. With just the family behind it, Tom.com's value hit $2.8 billion on its March 1 debut

ALSO IN ASIAWEEK Cover: Internet money goes shopping in Hong Kong and what PCCW-HKT means for old-economy firms in Asia • Players: The deal, the winners and the losers • Interview: Richard Li on bagging the region's biggest buy • SingTel: What now for Singapore Telecom? • Chart: Comparing PCCW and Cable & Wireless HKT • No. 1: The Lis are definitely Asia's top business family Editorial: Taiwan should respond to China's peace feeler - hidden in a war threat Editorial: India's RSS must curb its chauvinism Philippines: Amid terrorist attacks in Mindanao, President Joseph Estrada plays tough with MILF insurgents Brunei: The sultanate sues Prince Jefri Singapore: Behind Ong Teng Cheong's maverick presidency • Extended Interview: Ong does not regret riling his former colleagues Nepal: Why the Maoists are resurgent Green Stakes: Why Asia has to clean up - fast • Snapshots: Where countries stand on the environment • Eco-warriors: Fighting to save the planet • By Design: Ideas that can make a difference Exhibitions: The art world - a proxy cross-straits battlefield Newsmakers: India's pointman for defense Real Estate: Building up Indonesia's multimedia dreams MyWeb: As this Malaysian Internet company proves, a U.S. listing is not an automatic road to riches Investing: Don't use yesterday's rules to value tomorrow's hottest telecommunications companies Business Buzz: CLOB gets resolved Viewpoint: Political reform is inevitable in China

Cheung Kong (Holdings)
Property development, investment holding
Li Ka-shing, chairman
Victor Li Tzar-kuoi, vice chairman and MD
1998 Sales $1.52b.
1998 Net profit $1.22b.
Market value $30.5b.
Top shareholder: Li Ka-shing (34.99%)

Hutchison Whampoa
Ports, telecommunications, retail, investment
Li Ka-shing, chairman
Victor Li Tzar-kuoi, deputy chairman
Richard Li Tzar-kai, deputy chairman
Sales $6.59b.
Net profit $1.04b.
Market value $60.6b.
Top shareholder: Cheung Kong (49.9%)

Cheung Kong Infrastructure
Utilities, infrastructure
Victor Li Tzar-kuoi, chairman
1998 Sales $422m.
1998 Net profit $366m.
Market value $3.1b.
Top shareholder: Hutchison (84.6%)

Hongkong Electric
Electric power for Hong Kong Island
Victor Li Tzar-kuoi, executive director
Richard Li Tzar-kai, executive director
1998 Sales $1.19b.
1998 Net profit $637m.
Market value $6.3b.
Top shareholder: Cheung Kong Infra. (36.1%)

Pacific Century CyberWorks
Broadband networks, Internet ventures
Richard Li Tzar-kai, chairman and CEO
1998 Sales $36.4m.
1998 Net loss ($8m.)
Market value $25.7b.
Top shareholder: Pacific Century Regional Devts. and affliliates (59.3%, controlled by Li)

Tom.com
Internet ventures
No sales, profits or Li family board members
Market value $2.8b.
Top shareholders: Cheung Kong (32.29%), Hutchison (16.15%)