Richard Li

Mr. Richard Li Tzar Kai is Founder and Chairman of Pacific Century Group (PCG), an Asia-based long-term private investment group founded in 1993 with interests in financial services, technology, media and telecommunications (TMT), and real estate. Mr. Li launched via PCCW the world’s first major IPTV service, now TV, in 2003; today it is the world’s largest commercial deployment, accounting for a fifth of all IPTV subscribers worldwide.

He became interested in this industry in 1990 when he foresaw the opportunity for creative information and home entertainment services in Asia. The result was STAR TV, Asia’s first satellite-delivered cable-TV service, which by 1993 had 45 million viewers. Richard Li sold STAR to Rupert Murdoch’s News Corp. In the mid to late 1990s, he raised awareness of technology’s role in Hong Kong’s economy through the creation of Cyberport. In 2010, PCG acquired the majority of the asset management business of American International Group and renamed it PineBridge Investments. In 2013, PCG acquired ING Group N.V.’s Hong Kong, Macau and Thailand insurance business and rebranded it FWD. Mr. Li was awarded the Lifetime Achievement Award by the Cable & Satellite Broadcasting Association of Asia in 2011. He is a representative of Hong Kong, China to the APEC Business Advisory Council and a member of the Center for Strategic and International Studies’ International Councillors Group in Washington, D.C. He is also a licensed pilot.