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Tuesday, August 12, 2014

From toymaker to Asia’s richest man

From toymaker to Asia’s richest man: "At the same time, he has spoken out against Occupy Central with Love and Peace, an activist group threatening mass sit-ins at the financial district if it does not get progress on making Hong Kong more democratic.
China has said candidates for the 2017 election of Hong Kong’s new leader must be vetted by a committee.
The shrewdness for which Li is known was exemplified in an interview with Forbes in 2010, when he was 81, when he was asked what advice he would give to an entrepreneur.
“Managing a family on a tight budget is hard, but managing a company with a tight cash flow is even harder. I am always vigilant about cash flow. I have adhered to a steady cash flow, high reserve and a healthy debt-to-equity ratio."



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