Two decades ago, Richard Li, the second son of Hong Kong’s richest man, Li Ka-shing, was going through a techie phase. Sporting a T-shirt and a backpack, he stuck out on Hong Kong’s streets as a far more visible presence than his staid elder brother Victor.
Today, at 52, the younger Mr Li prefers the shade to the limelight. Although he was educated in Silicon Valley, at Menlo College and Stanford University, and might have had the appearance of a tech entrepreneur, he never made it in that industry.
Instead, he has emerged as a force in the most conservative, traditional and undisrupted corner of finance: insurance.
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