The Next Tycoons: Hong Kong Daughters

GETTING THE DAUGHTERS of a number of Hong Kong’s business elite together for the photo shoot was a perception easier from the conception in comparison to the execution. But after months of e-mails and make contact with calls, amid the juggling of job, travel and family commitments, the date arrived at early June at among city’s most chic cafes from the up-and-coming Western district.


Then came the last-minute schedule changes: One rushed coming from a construction site in China, then dashed off early to deliver a speech; another had to leave in advance of diary for an urgent meeting; along with a third was due within the office by 5 p.m., even though it was Friday. These are not ladies of leisure.

But over dessert and later champagne, amid oohs and ahs at jewelry and clothes, the women swapped stories regarding lives and work, which run from services (Winnie Chiu heads Dorsett Hospitality, part of father David Chiu’s Distance Consortium International; Casino tycoon daughter, daughter of casino magnate Stanley Ho, is mixed up in family’s hotel business whilst holding down the CEO job at Poly Auction Macau) to property (Gigi Chao is vice chairman with the family’s Cheuk Nang Holdings) and from shipping (Sabrina Chao chairs family-owned Wah Kwong Maritime Transport) to tippling (Lili Ma, daughter of Ping A coverage Chairman and CEO Peter Ma, is director of Mayfair Fine Wines). Yen Kuok, youngest offspring of Malaysian-Chinese tycoon Robert Kuok, has online site Guiltless, which sells secondhand luxury goods.

As they are a fact of life among Asia’s prominent commercial clans, an online of ties connects the group: Chiu, 36, and Sabrina Chao, 42, are sisters-in-law; Gigi Chao, 37, and Sabrina Chao are cousins; Sabrina Ho Chiu Yeng, 25, is besties with Chiu’s youngest sister and has known Yen Kuok, 26, since childhood; and Ma, 34, is friends with another of Chiu’s sisters.
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