But the company got caught in a market downdraft and wasn't able to deliver on its promises, including a broadband entertainment network. Reporters chase Richard like a rock star. CyberWorks' luster is gone. The Hong Kong press turns on Li. Retail investors curse the company.
Investment banks suspend research coverage.
The company cuts spending on its Network of the World. The broadband entertainment project was the centerpiece of Li's Internet ambitions but never got off the ground. CyberWorks shares dip below 50 cents. Li Ka-shing says his companies will not rescue his son by buying shares. Chances are there will be few buyers.