Pacific Century CyberWorks Limited
8th Floor Citibank Tower, Citibank Plaza,
3 Garden Road,
Ph: 852 2514 8888
Fx: (852) 2524 4375
Pacific Century CyberWorks Limited (PCCW) is the Hong Kong-listed technology flagship of the Pacific Century Group (www.pccw.com). PCCW has a market capitalization, on a fully-diluted basis, of over US$8billion, which would place it comfortably among the top 10 companies listed in Hong Kong in terms of capitalization and turnover.
PCCW is comprised of three main businesses: Pacific Convergence Corporation, CyberWorksVentures and the Cyber-Port project.
Pacific Convergence Corporation (PCC), originally formed as a 60:40 joint venture between the Pacific Century Group and Intel Corporation, is a subsidiary of PCCW. PCC's objective is to be the leading provider of broadband Internet services in Asia via its satellite network serving 110 million connected cable households.
PCCW, through its CyberWorksVentures arm (CWV), enters into and invests in local and international information technology and Internet businesses. CWV is creating the preeminent incubation environment for established and start-up Internet businesses in Asia. CWV also acts as pan-Asian partner to leading international Internet companies.
The Pacific Century Group is the developer of the approximately US$1.6 billion Cyber-Port project (www.cyber-port.com) announced by the Financial Secretary Donald Tsang in his 1999 Budget. The Cyber-Port is a comprehensive facility designed to foster the development of Hong Kong's information services sector through the formation of a strategic cluster of both information technology and services companies at the one location.
Richard Li, CEO
Richard Li established Pacific Century Group in October 1993 with proceeds from the sale of STAR TV, the first pan-Asian satellite television network, operating in more than 50 countries, to News Corp. At the sale, which was completed in 1995, the valuation of the enterprise was US$950.5 million. The total original investment in STAR TV, which Mr Li founded in 1990, was US$125 million.
Mr. Li is a member of the Center for Strategic and International Studies International Councillors Group in Washington, D.C., a regular participant and member of the World Economic Forum, a member of ITU's World Telecommunications Advisory Council and a member of the International Advisory Board of the Center for International Development at Harvard University. In December 1994, Mr. Li was selected as one of the Global 100, TIME magazine's roster of leaders. In addition, he was named one of the 50 most important people in Cyberspace, again by TIME magazine, in October 1998.