|Li Ka-shing finally hits back at criticisms from Chinese state media|
"I understand that freedom of expression is a double-edged sword so even an article with logical fallacies can stir up a heated debate," he said. "But it is with regret that the tone of the articles sent chills down people's spines with a distorted view."
However we have to keep in mind that if a chorus of mainland media have ranted at Li, particularly People's Daily, some senior officials in the propaganda department have given the green light...
In a media statement issued by the group's corporate affairs department, the tycoon stated clearly that he would not benefit from any restructuring of his empire in China, adding the claim that he withdrew mainland assets worth billions of dollars was unsubstantiated.
And in an explanation as to why it took him so long to respond, Li said he didn't want to create controversy during Chinese President Xi Jinping's trip to the United States.
"We are vigilant not to let these unfounded allegations escalate to cause investors' concerns and militate against President Xi's positive message to the business community and investors at large," the statement said.
Awww, how thoughtful. See? Li still has China's interests in mind.
It is too simplistic for Chinese state media to bash Li without understanding how an astute businessman operates in a free market. Perhaps someone high up in the propaganda department may lose his or her job for giving the green light to state media to bash the tycoon.
But at the same time Li surely understands the optics of restructuring his business and what it means, especially to mainlanders.
Can we just kiss and make up now?