Shirley Zhao

@shirleyZhaoXY

Journalist based in Hong Kong @business, covering gaming, consumer and conglomerates. Views are my own. Email: [email protected]

Joined January 2012

795Following

2KFollowers

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Shirley Zhao@shirleyZhaoXY · Jul 22

Bloomberg scoop: China's largest shipping company is set to join the BlackRock-backed consortium for billionaire Li Ka-shing's ports, and is asking for a powerful role in the group to secure China's interest bloomberg.com/news/articles/…

shirleyZhaoXY's tweet card. China’s biggest shipping company is set to join the global consortium that’s acquiring Hong Kong tycoon Li Ka-shing’s overseas ports, and is requesting a powerful role in the group in order to secure...

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Shirley Zhao@shirleyZhaoXY · Jun 13

Scoop: China's largest shipping company Cosco is among firms in talks with a consortium seeking to buy billionaire Li Ka-shing's global ports. The development has raised hope that it may ease China's concerns over the controversial deal. bloomberg.com/news/articles/…

shirleyZhaoXY's tweet card. China’s largest shipping company is among the firms in talks to invest in a multinational consortium seeking to buy billionaire Li Ka-shing’s global ports, according to people familiar with the...

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Shirley Zhao@shirleyZhaoXY · Apr 16

Scoop: Warburg Pincus-backed ESR Group is offering to sell a premium office tower in Shanghai at a 20% discount, reflecting increasing investor concerns about China's economic outlook amid a property market crisis and trade tensions. bloomberg.com/news/articles/…

shirleyZhaoXY's tweet card. ARA Asset Management Ltd., a unit of Warburg Pincus-backed ESR Group Ltd., is offering to sell a premium office tower in Shanghai for about 2.3 billion yuan ($314 million), people familiar with the...

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Shirley Zhao@shirleyZhaoXY · Jul 21

Hong Kong's privacy watchdog is investigating a data leak affecting about 419,000 customers of Louis Vuitton, following similar incidents in the UK and South Korea. bloomberg.com/news/articles/…

shirleyZhaoXY's tweet card. Hong Kong’s privacy watchdog is investigating a data leak affecting about 419,000 customers of Louis Vuitton, as the luxury giant suffers from a string of cyber attacks across its key markets in...

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Shirley Zhao@shirleyZhaoXY · Jul 16

Scoop: Billionaire Cheng family's New World is seeking to sell its flagship mall 11 Skies to ease its cash crunch. The project, which cost HK$20 billion to build, is now valued at about HK$15B to HK$17B. bloomberg.com/news/articles/…

shirleyZhaoXY's tweet card. New World Development Co. is seeking to sell its flagship 11 Skies airport mall in Hong Kong to address liquidity constraints, according to people familiar with the matter.

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Shirley Zhao@shirleyZhaoXY · Jul 10

Scoop: Billionaire Richard Li's talks of expanding his insurance business into mainland China stalled after Beijing got upset about his father Li Ka-shing's plan to sell global ports to a group backed by US firm BlackRock. -- w/@PearlLiu, Dong Cao bloomberg.com/news/articles/…

shirleyZhaoXY's tweet card. Billionaire Richard Li’s talks to expand his insurance business into mainland China have stalled after Beijing reacted with fury to his father Li Ka-shing’s plan to sell a suite of global ports —...

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Shirley Zhao Retweeted

Bloomberg Originals@bbgoriginals · Jun 27

A Hong Kong family dynasty in turmoil, with no known succession plan and billions in debt as China’s property crisis continues. How will one of Asia’s richest families navigate these uncertain waters? bit.ly/3I3p0V

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Shirley Zhao@shirleyZhaoXY · Jun 18

Scoop: Billionaire Cheng family's New World seals deal with Louis Vuitton on megastore in Hong Kong. -- with Haze Fan bloomberg.com/news/articles/…

shirleyZhaoXY's tweet card. Hong Kong’s New World Development Co. has secured an agreement with Louis Vuitton to open a new megastore in the financial hub, according to people familiar with the matter, as global luxury giants...

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Shirley Zhao@shirleyZhaoXY · Jun 3

Exclusive: The slow progress and depressed outlook for New World's $2.6 billion mega mall at Hong Kong's international airport is raising concerns among executives. Nice working with @AirEVthingTRNSP and @ShawnaKwan to get this deep dive out. bloomberg.com/news/articles/…

shirleyZhaoXY's tweet card. New World Development Co. executives are growing concerned about prospects for their $2.6 billion mega-mall project near Hong Kong’s airport, people familiar with the matter said, adding to challen...

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Shirley Zhao@shirleyZhaoXY · May 9

Some luxury brands like Balenciaga and Versace are pulling back from steep discounts in China, seeking to rebuild an image of exclusivity to lure back wealthy shoppers whose spending remains less affected by economic slowdown. bloomberg.com/news/articles/…

shirleyZhaoXY's tweet card. Some luxury labels are pulling back from steep markdowns in China, seeking to rebuild an image of exclusivity to lure back wealthy shoppers whose spending remains less affected by economic slowdown.

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Shirley Zhao@shirleyZhaoXY · May 2

Macau's April gaming revenue better than feared, but outlook for this year remains uncertain amid trade war. (Also on Bloomberg TV: youtu.be/RjSdaiyzCHw?t=…) bloomberg.com/news/articles/…

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Shirley Zhao@shirleyZhaoXY · Apr 14

Scoop: Italian tycoon Aponte family's firm will own most of the 43 ports sold by Li Ka-shing, while BlackRock will control the two in Panama -- latest revelation of a deal that's upset China over US involvement. --w/ Dong Cao, Manuel Baigorri bloomberg.com/news/articles/…

shirleyZhaoXY's tweet card. Italian billionaire Gianluigi Aponte’s family-run business will be the lead investor of a group seeking to buy 43 ports from Hong Kong tycoon Li Ka-shing, people familiar with the matter said, a deal...

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Shirley Zhao@shirleyZhaoXY · Apr 11

While the US-China tariffs war is heating up, we took a deep dive into what happened behind the scenes of Li Ka-shing's port deal, and what options he has facing political complications involving the US, China and Panama. --w/ Dong Cao, Manuel Baigorri bloomberg.com/news/articles/…

shirleyZhaoXY's tweet card. By the time word reached Beijing, it was too late to contain the damage.

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Shirley Zhao@shirleyZhaoXY · Apr 7

Hong Kong's stock market today. Chinese Markets Reel as Trade War Fuels Growth Slowdown Fears bloomberg.com/news/articles/…

shirleyZhaoXY's tweet image. Hong Kong's stock market today.

Chinese Markets Reel as Trade War Fuels Growth Slowdown Fears
bloomberg.com/news/articles/…

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Shirley Zhao@shirleyZhaoXY · Mar 31

While China is trying to woo overseas investors, its pressure on Li Ka-shing to stop a port sale risks scaring away businesses. -- w/ @LucilleLiu Xi Showdown With Li Ka-shing Threatens China’s Pro-Business Push bloomberg.com/news/articles/…

shirleyZhaoXY's tweet card. President Xi Jinping is seeking to paint China as a steady partner to investors roiled by a global trade war. A spat over a shipping lane coveted by Donald Trump is testing that push.

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Shirley Zhao@shirleyZhaoXY · Mar 29

Billionaire Li Ka-shing is looking to delay the expected signing of the Panama port sale with a BlackRock-led group next week, but works on the deal are still progressing, sources said. CK Hutchison, BlackRock to Delay Signing Panama Ports Deal bloomberg.com/news/articles/…

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Shirley Zhao@shirleyZhaoXY · Mar 28

Less than a week before CK Hutch is expected to sign a definitive agreement on selling two Panama ports to a BlackRock-led group, Hong Kong media reported the parties won't meet the deadline. CK Hutchison Will Delay Signing Panama Ports Deal, Media Say bloomberg.com/news/articles/…

shirleyZhaoXY's tweet card. Billionaire Li Ka-shing, Hong Kong’s most famous tycoon, won’t go ahead with the expected signing next week of a controversial deal to sell his Panama Canal ports to a consortium including BlackRock...

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Shirley Zhao@shirleyZhaoXY · Mar 27

Billionaire Cheng family has finally pledged its heritage asset Victoria Dockside (including K11 Musea) for an additional loan to ease its debt woes. New World Seeks $2 Billion Loan Pledging Prized Hong Kong Asset bloomberg.com/news/articles/…

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Shirley Zhao@shirleyZhaoXY · Mar 27

Pressure is mounting on billionaire Li. While his CK Hutchison and private investment arm have little dealing with China, CK Asset and son Richard Li's PCG are more exposed. China Said to Pause New Deals With Li Ka-shing, Family After Panama Ports Deal bloomberg.com/news/articles/…

shirleyZhaoXY's tweet card. China has told state-owned firms to hold off on any new collaboration with businesses linked to Li Ka-shing and his family, according to people familiar with the matter, after the Hong Kong billion...

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Shirley Zhao@shirleyZhaoXY · Mar 26

Negotiations for Li Ka-shing's CKH to sell 43 ports to a BlackRock-led group are moving ahead as planned, sources said, indicating that China's anger over the deal has not yet disrupted the talks. CK Hutchison Said to Proceed With Port Deal Amid China Ire bloomberg.com/news/articles/…

shirleyZhaoXY's tweet card. CK Hutchison Holdings Ltd.’s plan to sell two Panama ports to a BlackRock Inc.-led group is moving ahead as scheduled, people familiar with the matter said, in a sign that negotiations have not yet...

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