Li Ka-shing Is Remaking His Empire as a Generational Shift Looms

Li Ka-shing and his family set in motion a series of deals this year that stand to completely transform his business empire.

The Hong Kong billionaire’s flagship conglomerate, CK Hutchison Holdings Ltd., is pursuing three major moves: an initial public offering of its retail arm to raise at least $2 billion for its largest revenue contributor, a potential listing or partial sale of its global telecom operations, and talks to sell 43 port assets — representing the bulk of its global portfolio for more than $19 billion in cash.