李嘉诚卖卖卖，李氏70年的商业帝国，正在走向崩塌？

Core Viewpoint - The article discusses the decline of Li Ka-shing's business empire, highlighting significant asset sales and a shift in political and economic dynamics in Hong Kong and mainland China [2][4][10]. Group 1: Asset Sales - Li Ka-shing's son, Li Zeju, was excluded from the Hong Kong Chief Executive's advisory group, indicating a political shift away from the Li family [2]. - Li Ka-shing has begun aggressively selling assets, including a 30% discount sale of the Beijing Yucui Garden, a luxury project held for 23 years, and 400 properties in the Greater Bay Area at an average of 40% off [2][4]. - In Hong Kong, even Li Ka-shing's former wedding home is listed for sale at 5 billion HKD, showcasing a broader trend of asset liquidation [4]. Group 2: Historical Context and Business Strategy - Historically, Li Ka-shing's success stemmed from strategic relationships with authorities, allowing him to acquire land at low prices during British rule in Hong Kong [4][8]. - His acquisition of Hutchison Whampoa in 1979 at a significantly reduced price exemplifies his opportunistic investment style, leveraging favorable financing conditions [6]. - Li Ka-shing's strategy included land hoarding and waiting for price appreciation, but recent changes in the Chinese market have undermined this approach [8]. Group 3: Changing Economic Landscape - The article suggests that the decline of Li Ka-shing's empire reflects a broader transformation in Hong Kong's economic structure, moving away from a pyramid model dominated by a few tycoons [11]. - The new advisory group members represent a shift towards technology and innovation, indicating a future focus on new industries rather than traditional capital [13]. - The changing attitudes towards Li Ka-shing and his business practices signal a significant shift in the economic landscape of Hong Kong, emphasizing the need for adaptation to new realities [10][11].