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Independent Singapore
4 hours ago
- Business
- Independent Singapore
Li Yapeng gives up his kindergarten while his wife and daughter move out of their villa to cut costs
CHINA: According to a report by VnExpress, Chinese actor Li Yapeng transferred ownership of his kindergarten for free while his wife and daughter reportedly downsized from a villa to a smaller apartment. Photo: Weibo/Li Yapeng At the Children's Day event at his kindergarten, Li surprised everyone. According to Sinchew, Li astonished everyone when he announced that he would give ownership of his kindergarten to an education manager without asking for any money. What's important The actor believes that everyone who is born has a responsibility to contribute positively to society. He emphasised, 'This isn't about being rich; it's about what's important to you as a person.' In 2011, Li established the kindergarten with a personal investment of 100 million yuan (S$17 million). For 14 years, he developed a one-of-a-kind program that incorporated elements of Chinese culture, propelling it to the top of the private kindergarten rankings. His decision to hand over the institution, however, has sparked fierce debate. While Li presented the act as a societal contribution, other opponents say that it stems from his financial troubles following unsuccessful business ventures. They argue that his donation is a means of disposing of his assets due to his inability to pay off debts. See also Lily Allen considered taking heroin during Miley Cyrus tour A netizen said that Li fails at everything, while another asked Li to pay off his debts first. Yet another netizen stated that his wife and children are renting, whereas Li is giving away assets. Financial difficulties Last month, Li's wife, model Haiha Jinxi, said in a livestream that the family is facing financial difficulties due to an outstanding debt of 40 million yuan from his unsuccessful real estate investment in 2015. Haiha also posted a video showing her dealing with the whole move from their big villa to a smaller apartment all by herself, because Li was away working. Even though things were tough, she made it clear she's still behind him. Back in the day, Li Yapeng, who's now 54, was a major star in China. He was the leading man in a bunch of hit TV series, including The Legend of the Condor Heroes and Laughing in the Wind , as well as The Singer and Eternal Moment . Still , in 2011, he did something a lot of people didn't expect – he quit acting to focus on his other interests, his businesses. So, Haiha, 35, first gained attention when she competed in the Miss World China competition back in 2011. Following that, she dabbled in modelling. Li and Haiha got married in 2022. This is not Li's first marriage, though. He was married to the famous singer Faye Wong from 2005 to 2013, and they have a daughter together named Li Yan. After the couple parted ways, Faye Wong began dating Nicholas Tse again.
Bloomberg
3 days ago
- Business
- Bloomberg
Vietnam Proposes $2b Northeastern Casino Resort: VnExpress
Vietnam's Ministry of Finance is proposing an investment policy for a 51.5 trillion dong ($1.98 billion) luxury casino complex in the northeastern province of Quang Ninh, home to Unesco World Heritage Site Ha Long Bay, VnExpress International news website reported. The proposal was submitted to Prime Minister Pham Minh Chinh, it said, citing information from the ministry.
NDTV
22-05-2025
- Entertainment
- NDTV
Luxury Mansion, Yacht And More: Hong Kong Billionaire's Rs 2,134 Crore Gift To Daughter-in-Law
Cathy Chui, a former actress and now a prominent Hong Kong socialite, received gifts worth over HK$2 billion (Rs 2,134 crore rupees) from her billionaire father-in-law, Lee Shau Kee, before his death on March 17. Married to Martin Lee, Chui was gifted a HK$50 million education fund, land valued at HK$1.82 billion, a HK$110 million luxury yacht, and a mansion, among other lavish presents, according to reports from The Standard and VnExpress. She earned the nickname "Hundred-billion daughter-in-law" in the tabloids due to the extravagant gifts she received over the years. In 2006, Chui tied the knot with Martin Lee in a union dubbed the "wedding of the century." Initially, tabloids reduced her role to that of a "baby machine" after she had four children in rapid succession. However, she has since evolved into a pivotal figure in the family, recognised for her discretion, resilience, and calculated presence in both business and high society. View this post on Instagram A post shared by Cathy Chui Lee 徐子淇 (@cathy_chui_official) View this post on Instagram A post shared by Cathy Chui Lee 徐子淇 (@cathy_chui_official) Who is Cathy Chui? Cathy Chui, also known as Cathy Tsui or Cathy Lee, is a former Hong Kong actress turned socialite, born in 1982 in Sydney, Australia. She gained prominence after marrying Martin Lee Ka-shing, son of the late billionaire property tycoon Lee Shau Kee, founder of Henderson Land Development. Their 2006 wedding, dubbed ''the wedding of the century'' by the media, was a lavish event costing millions. Chui is the only daughter-in-law in the Lee family, one of Hong Kong's wealthiest, and has four children with Martin, born between 2007 and 2015. Now 43, Chui is taking on more prominent roles in investments and family business, according to Malaysia's Sin Chew Daily. Recently, she leveraged several properties gifted by her late father-in-law to secure HK$5 billion for a UK retirement real estate project. Chui is focused on securing her children's futures within the family business, with her 15-year-old daughter studying at the University of Cambridge and her eldest daughter interning at Henderson Land, the family's flagship company. She has also appointed her father to the company's board of directors. Beyond business, Chui maintains her elite status through charity events and family business promotions. Despite a low-key social media presence, she holds honorary roles as chairperson and event ambassador, solidifying her position among the elite alongside prominent women like Olympic champion Guo Jingjing and Kimbee Chan. Tatler Asia has highlighted her as a prominent figure in philanthropy, and in 2018, she was honoured with the amfAR Award of Courage for her contributions to society.
Hindustan Times
22-05-2025
- Business
- Hindustan Times
Hong Kong billionaire gave gifts worth over $250 million to daughter-in-law before his death: report
Hong Kong socialite Cathy Chui received gifts worth over $257 million from her billionaire father-in-law before his death in March this year. According to a report in The Standard, property tycoon Lee Shau Kee gifted Cathy a yacht, a mansion, an education fund for her children and land worth millions of dollars. Cathy Chui is the wife of Martin Lee, the younger son of Hong Kong's second richest man, Lee Shau Kee. Cathay and Martin tied the knot in 2006 in what the media dubbed "the wedding of the century," as per a report in VnExpress. Cathy used to be an actress before her marriage to Martin. She is today a well-known socialite and philanthropist in Hong Kong. Tatler Asia describes her as 'a lodestar in the realm of philanthropy.' She has been conferred with several awards recognising her contributions, including the amfAR Award of Courage in 2018. A post shared by Henderson Land (@hendersonlandhk) Cathy Chui is the only daughter-in-law of the billionaire Lee family. Over her 19 years of marriage, Cathy gave birth to four children. Each birth was celebrated lavishly, and her father-in-law sent her extravagant gifts for each child. The gifts included a mansion, a HK$50 million education fund, land worth HK$1.82 billion and a HK$110 million yacht. It was these gifts that earned her the nickname of 'Hundred-billion daughter-in-law' in tabloids. Lee Shau Kee did not just lavish gifts on his daughter-in-law. According to a report in SCMP, he also handed out HK$10,000 in cash to each of his 1,500 staff members after the birth of his grandson in 2015. Lee Shau Kee was Hong Kong's second-richest man, often called 'Asia's Warren Buffett'. He was a real estate tycoon and majority owner of Henderson Land Development. He died on March 17, 2025 at the age of 97. At the time of his death, his fortune was estimated to be $23.2 billion, according to Bloomberg. After his death, his fortune was divided between his two sons - Peter and Martin.
Independent Singapore
17-05-2025
- Independent Singapore
Changi Airport is ranked as the world's second most family-friendly airport in 2025
Photo: Depositphotos/[email protected](for illustration purposes only) Featured News Singapore News Travel SINGAPORE: Changi Airport has been ranked the world's second most family-friendly airport in a new survey by British air transport rating organisation Skytrax, as reported by VnExpress International. Istanbul Airport clinched the top spot as the World's Most Family-Friendly Airport 2025. Following Changi Airport were Seoul Incheon in third, Tokyo Narita in fourth, and Bahrain in fifth. Other airports in the top 10 included Munich (6), Amsterdam Schiphol (7), Doha Hamad (8), Paris Charles de Gaulle (CDG) (9), and Rome Fiumicino (10). Skytrax's ranking was based on customer ratings of the quality and quantity of family-friendly initiatives at each airport. These included dedicated family security lanes, immigration clearance processes, play areas, and baby and childcare rooms. Changi Airport recently awarded S$4.75 billion in contracts for the construction of its Terminal 5 expansion. Changi Airport, which spans over one million square metres (sq m) across four terminals—roughly the size of 156 football fields—was named the world's best airport in December last year, according to the 2024 Airline Ratings Readers' Choice Awards. It was also ranked the fifth most Instagrammable airport in October by Singapore-based travel site Miss Tourist. /TISG Read also: S$5 billion Changi Airport fund top-up a strategic move to keep Singapore a global air transport hub, expert says
