Since the beginning of 2020, the new crown epidemic has swept the world, and the global epidemic has been repeated many times in the past 3 years, the economic downturn has been serious, resulting in a more complicated international situation, and Sri Lanka has recently declared the country bankrupt.
From a macro point of view, the black swan event of the epidemic has caused a great impact on the multi-industry economy, and in the global context, Macao's gaming industry is no exception.
Traditional gaming and tourism are interdependent and mutually reinforcing.
The COVID-19 pandemic first hit the tourism industry, and Macau's tourism industry has almost come to a standstill due to the cliff-like decline in tourist arrivals.
Strict anti-epidemic policies have hit the gaming industry extremely hard, and the lack of tourists has made it difficult for the gaming industry to maintain.
As a giant in the gambling industry, the He Hongshen family's industry has also shrunk significantly in this epidemic, and the former "gambling king" family is now also a hero.
After the death of He Hongshen, it is difficult for future generations to maintain their advantages in a complex situation, and the survival and development of his family has always relied on SJM, and the lack of large-scale human flow in the later period, He Chaoqiong's loan of 19 billion yuan is also difficult to alleviate the family crisis.
Correspondingly, Li Ka-shing, the richest man in Hong Kong, has made a total profit of more than 120 billion yuan in the crisis-ridden international economic environment, two companies under Li Ka-shing's Changjiang Hutchison and Cheung Sil Group.
It's hard to imagine companies that are still so strong under the triple pressure of shrinking demand, supply shocks, weaker expectations.
Digging deeper into the reasons behind it has a lot to do with Li Ka-shing's personal investment philosophy.
Different from Ho's behavior in the industry of almost stud gambling, Li Ka-shing insisted on not putting eggs in one basket, multi-faceted, multi-angle, multi-level investment, and improving the anti-risk ability of the entire industry.
Li Ka-shing was born at the end of the micro, has a keen sense of business opportunities, when he was a teenager, he sensed the potential of the industry when he was selling in a plastic factory, gave up a stable future and resolutely resigned, after accumulating the first bucket of gold through plastic products, he had the entry ticket to enter the real estate market, and directly bottomed out during the period of the Great Recession in the Hong Kong housing market, which was self-evident at the time.
Once again, the facts proved his foresight.
After a brief period of real estate decline, Hong Kong's real estate boomed, with Li Ka-shing eating up a lot of land and building a lot of high-rise buildings in bustling areas during the three years of depression.
Unlike most developers, the buildings he has built are hardly used for sale, but only return the capital through leasing, which is undoubtedly a huge pressure on the capital chain.
Li Ka-shing firmly believes in his investment vision, resisting the pressure of funds, when the Hong Kong housing market fell for three years, he almost sat on 2 million square meters of real estate, and when the Hong Kong housing market warmed up, the value of the house doubled, and he became the top richest man in Hong Kong.
Through this stud of real estate, Li Ka-shing has accumulated enough capital to invest in different industries, and his business empire has become larger and larger, and in just a few decades, he has established Yangtze River Industry, Yangtze River Infrastructure, Electric Energy Industry, Hutchison Whampoa and so on.
These companies are involved in industries including communications, infrastructure, ports, oil, retail and many other fields, and at their peak there was even the myth that as long as someone lives in Hong Kong, it is impossible not to buy Li Ka-shing's products.
It can be said that in Hong Kong, where there is no return, if all of Li Ka-shing's industries disappear, the city can be directly shut down.
With the return of Hong Kong, Li Ka-shing has set a point to the mainland, and he has also gained great influence in the mainland through investment and enterprises.
In recent years, the typical hutchison port throughput of 84.7 million TEU in 2017 has the right to operate more than 290 berths under the policy advantage.
The most widely known retail industry is undoubtedly Watsons, no matter how big or small the city, as long as there is a mall where Watsons must exist, in the cosmetics retail industry Watsons sinking market is the most powerful.
The more complex the industrial structure, the stronger the ability to bear risks, the more single the industrial structure, and the easiest to collapse when big risks come.
This is also the reason why Ho and Li Ka-shing have gone very differently in the face of a complex economic situation. The gap is the gap in investment vision, and it is also the gap in investment foresight.
In Li Ka-shing's ups and downs, there have been many investments, some successful, some failed. As a pure businessman, he was undoubtedly successful.
But he is surrounded by many controversies, real estate hoarding, the founder of the pool area, the town soul building and so on.
In fact, Li Ka-shing is just a businessman, but he developed a large number of charity industries in his later years, giving the public an illusion, leaving aside others, only from the economic point of view, Li Ka-shing is a rare business wizard, but also a self-made ambition to build a business empire.
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