Li Ka-shing Invests in Online Game Animation
Li Ka-shing, one of the worlds richest men, will invest more than RMB 2 billion to create a company for online games animation, reports CHINA KNOWLEDGE. Experts believe that the main investors of the development project will be Li Ka-shings Cheung Kong Holdings, and Hutchison Whampoa (60% stake) as well as some local enterprises in Guangzhou (40% stake). The facility will be located near the Guangzhou International Toy and Gift Centre. Taking up around 667,000 sq m, Li intends to make full use of the toy city platform to develop the huge cross-market potential of online games and toys. The number of Internet users in China, the world's second-largest Internet market, grew by nine million in the first half of this year to reach 103 million.