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Pacific Century CyberWorks
Contribution: Li has turned PCCW into one of Asia's biggest Net companies, investing in dozens of startups and kick-starting e-commerce in Hong Kong.
Challenge: His bid for local telecom power Cable & Wireless HKT is in danger now that Hong Kong's Net fever has cooled and his stock is down about half. Rivals Singapore Telecom and News Corp. may team up to steal HKT away.