Autonomous Trucks
“It no longer belongs to Li Ka-shing.”Ma’s dig at the famed Hong Kong tycoon raised plenty of eyebrows at the time, but few would disagree with him now. For Hong Kong, it doubled to $218 billion during the same period. Australia blocked it from acquiring a local gas pipeline operator over national security concerns in 2018.Some of Hong Kong’s conglomerates have started looking further afield for growth opportunities. New World Development Co., which is into infrastructure building, hotels and shopping malls, is accelerating its expansion into insurance, health care and education in mainland China. Much of the effort “revolves around non-traditional businesses,” a spokeswoman said.Swire Pacific is investing in health-care groups in mainland China.