Deals

Li Ka-shing’s Beijing Rift Threatens His Deal of a Lifetime

Li Ka-shing in 2016.Photographer: Justin Chin/Bloomberg
Lock
This article is for subscribers only.

By the time word reached Beijing, it was too late to contain the damage.

CK Hutchison Holdings Ltd., Li Ka-shing’s flagship conglomerate, had just clinched a blockbuster deal to offload 43 ports — including two in Panama — that would remove the Hong Kong tycoon from the increasingly heated US-China feud over the Panama Canal.