Business News Li Ka-shing

  • Gabriel Scheare uses the world's first bitcoin ATM on October 29, 2013, at Waves Coffee House in Vancouver, British Columbia. Scheare said he "just felt like being part of history."

    Bitcoin's resiliency—as well as its recent rise above $1,000—is gaining it additional converts to the belief that the cryptocurrency is for real.

  • Property conglomerate Cheung Kong said on Monday it will cancel sales of hotel units at a Hong Kong project after regulators ruled the deals were unauthorized investments.

  • Li Ka-shing, chairman of Cheung Kong (Holdings) Ltd. and Hutchison Whampoa

    A series of tightening measures have put the brakes on Hong Kong's overheated property sector, forcing developers to cut prices and prompting a warning from Asia's richest man Li Ka-shing: speculators stay away.