Albert Cheng
Encyclopedia
Albert Cheng Jing-han GBS
(born 3 July 1946), widely known as "Tai-pan
" is a Hong Kong
businessman and politician. He is the chairman of Wave Media Limited which is currently preparing to open and operate a new radio station. He was also the host of Now TV
's talk show, Sunday Taipan, on the Now Hong Kong Channel. Cheng was formerly a Legislative Councillor and chairman of the Panel on Information Technology and Broadcasting of the Legislative Council. He also hosted a radio talk show and founded a publishing company. In 2005, when the Link REIT
was listed on the stock exchange, 50,000 people joined a protest calling on him to step down from the legislature.
, Guangdong
. Cheng received his education in Hong Kong. He later became an apprentice in aircraft maintenance, and obtained professional qualifications as an aircraft maintenance engineer in Canada. Between 1970 and 1981, Cheng worked as an aircraft engineer at CP Air.
After consulting for a Sino-Canadian joint venture on the tender for a Light Rail Transit system project, Cheng established the Capital Communications Corporation Ltd. in 1986. The company founded the Capital magazine and introduced in Hong Kong the Chinese edition of publications such as Playboy and Forbes. The launch of the first edition of Playboy whose cover girl was Miss Hong Kong Olivia Cheng
, and of Olivia Cheng’s Photo Album caused a furor in society. The Capital magazine published after the 1987 stock market crash was the most successful business/financial magazine in Hong Kong and introduced the rich and family listing in Hong Kong.
In 1990, Capital Communications Corporation was given an award for its enterprising achievement. In 1991, the company was acquired by Paramount Publishing Group, of which Cheng became CEO until 1994.
In 1999, Cheng took advantage of the dot-com bubble to set up 36.com Holdings Ltd., which was listed on the Growth Enterprise Market in 2000. 36.com was initially a website but it later launched the Cup magazine, a weekly magazine that has turned into a monthly publication now. Cheng is still the publisher emeritus of the Cup magazine.
and Chan Yiu-nam to co-host ATV’s talk show “News Tease”, which turned out to be widely popular. In 1995, Winnie Yu of Commercial Radio invited Cheng to host the morning phone-in programme entitled “Teacup in a Storm”. Cheng’s relentless criticisms of government officials and discussions on numerous hotly debated livelihood issues and current affairs made the talk show the most popular current affairs programme in the broadcasting sector. For ten consecutive years, Cheng was named the most popular radio host, and “Teacup in a Storm” ranked first among the most popular radio programmes. Because of this talk show, Cheng was also rated as one of the 25 most influential Hongkongers by Time magazine in 1997. In 1998, he was selected as one of the 50 Asia’s Stars by Business Week. In 2000, Cheng was named one of the 25 most influential Hongkongers by Asiaweek and Ming Pao
.
Cheng’s influence, however, also invited his assault. In August 1998, on his way to work, Cheng was attacked by thugs outside the Commercial Radio headquarters. He suffered eight slashes and the tendons of his hand were chopped off. He was hospitalized for two months. To date, nobody has been arrested for the attack.
During the SARS outbreak in 2003, many medical workers of the Hospital Authority called Cheng’s talk show to complain about the Authority’s slow action against the epidemic outbreak. In response, Cheng contacted and queried the concerned officials, and organized a fund-raising campaign to help purchase facial masks for frontline medical workers. He was thus hailed as the “Chief Executive before 10am”. He also ordered from a Canadian manufacturer 500,000 bottles of Vitamin C pills in one go and distributed them to primary and secondary school students in Hong Kong. Moreover, he launched the “One orange for one medical worker” campaign, which successfully raised approximately HK$100 million worth of supplies and services.
On 1 May 2004, Cheng announced that he would take leave again on the grounds of pressure and was temporarily replaced by Allen Lee Peng-fei, Leung Man-to, Tony Tsoi Tung-ho and Ivan Choy Chi-keung as co-hosts of the talk show. However, Cheng was suddenly dismissed by Winnie Yu during his leave and was forced to quit the radio programme. Yu and Cheng confronted each other over the issue on a number of media occasions. The Commercial Radio later dismissed Tsoi and Leung as well, and suspended Choy’s duties in the programme. In October 2004, “Teacup in a Storm” was replaced by a new programme called “On a Clear Day”.
Council member (Chuk Yuen North Estate), to contest Legislative Council election in the Kowloon East constituency. The swift approval of his application to relinquish his Canadian nationality by the Canadian government qualified him to run for the election. Cheng won more than 73,000 votes, the largest number of votes obtained among the contestants, and was elected a lawmaker. In 2008, he announced that he would not stand for re-election.
During his service as a lawmaker, Cheng was a member of the Public Accounts Committee and chairman of the Panel on Information Technology and Broadcasting. He was considered a pan-democrat in the legislature, but had dividing views with the pro-democracy camp over the constitutional reform in 2005 and the nomination of his good friend Donald Tsang Yam-kuen
as chief executive.
Cheng’s opposition to the listing of the Link REIT was then criticized for hindering others from reaping profits. On 1 January 2005, 50,000 people joined a protest against Cheng. In 2007, however, with the increasing number of complaints about the Link REIT, the public changed to support Cheng’s position. Cheng also stressed in his promotion materials his clear objection to the listing of the Link REIT in December 2004.
On 1 January 2005, at the instigation of some shameless politicians and media, 50,000 people allegedly took to the street to protest against the “backstage manipulator” who prevented the Link REIT from being listed on the stock exchange.
in Canada in 1975 but was divorced in 1979. Neither of them has ever admitted the reports. According to sources, they were only lovers at that time; the pair got married just to help Tsui and her family members to migrate to Canada, and they had no actual husband and wife relationship. In 1987, Cheng married Irene Lo Kam-seung, Miss Hong Kong of 1981; shortly after their marriage, she gave birth to three boys.
Gold Bauhinia Star
The Gold Bauhinia Star is the highest rank in Order of the Bauhinia Star in Hong Kong, created in 1997 to replace the British honours system of the Order of the British Empire after the transfer of sovereignty to People's Republic of China and the establishment of the Hong Kong Special...
(born 3 July 1946), widely known as "Tai-pan
Tai-Pan
The term tai-pan was originally used to describe a foreign businessman in China or Hong Kong in the nineteenth and early twentieth centuries. The Cantonese colloquialism is now used in a more general sense for business executives of any origin...
" is a Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
businessman and politician. He is the chairman of Wave Media Limited which is currently preparing to open and operate a new radio station. He was also the host of Now TV
Now TV
Now TV is a 24-hour pay-TV service provider in Hong Kong.It is transmitted through the company's Netvigator broadband network via an IPTV service...
's talk show, Sunday Taipan, on the Now Hong Kong Channel. Cheng was formerly a Legislative Councillor and chairman of the Panel on Information Technology and Broadcasting of the Legislative Council. He also hosted a radio talk show and founded a publishing company. In 2005, when the Link REIT
The Link REIT
The Link REIT is one of the world's largest REITs, or real estate investment trusts with assets of around US$3.3 billion....
was listed on the stock exchange, 50,000 people joined a protest calling on him to step down from the legislature.
Biographical Details
- 1946 Cheng was born in Hong Kong.
- 1968 Cheng emigrated to Canada.
- 1982 Cheng returned to Hong Kong and joined Sing Tao Holdings Limited.
- 1986 Cheng founded Capital Communications Corporation Ltd.
- 1991 Capital Communications was acquired by Paramount Publishing Group.
- 1994 Cheng became a host of ATV’s talk show “News Tease” (龍門陣).
- 1995 Cheng left Paramount Publishing Group and Capital Communications and began to host Commercial Radio’s talk show “Teacup in a Storm”.
- 1998 Cheng was attacked by thugs on his way to work.
- 2000 Cheng established 36.com Holdings Ltd.
- 2003 Cheng was tagged the “Chief Executive before 10am” because of his criticisms of government officials and actions to support frontline medical workers during the SARS outbreak.
- 2004 Cheng was terminated by Commercial Radio. He was elected a Legislative Councillor later in the year, helping to prevent the privatization of the commercial properties of public housing estates.
- 2008 Wave Media Limited was awarded a licence to operate a radio station. Cheng announced that he would not stand for LegCo re-election.
- 2009 Setup the Preparatory office for the first Digital Audio Broadcast service in HK.
- 2010 Received a Digital Opportunity Award by the World Information Technology and Services Alliance; WITSA for the invention of the innovative Mobile Link Service, a 24-hour personal emergency service for senior citizens..
- 2010 Cheng was awarded the Gold Bauhinia Star GBS by HKSAR Government
Early life
Cheng was born in Hong Kong with family roots in ChaozhouChaozhou
Chaozhou is a city in eastern Guangdong province of the People's Republic of China. It borders Shantou to the south, Jieyang to the southwest, Meizhou to the northwest, the province of Fujian to the east, and the South China Sea to the southeast...
, Guangdong
Guangdong
Guangdong is a province on the South China Sea coast of the People's Republic of China. The province was previously often written with the alternative English name Kwangtung Province...
. Cheng received his education in Hong Kong. He later became an apprentice in aircraft maintenance, and obtained professional qualifications as an aircraft maintenance engineer in Canada. Between 1970 and 1981, Cheng worked as an aircraft engineer at CP Air.
Publishing career
In 1981, Cheng left the aviation industry and became an independent market consultant. In 1983, Cheng was invited by the chairman of Sing Tao Holdings, Sally Aw Sian, to return to Hong Kong and lead the Group’s advertising, marketing and business development. He left the company in 1985.After consulting for a Sino-Canadian joint venture on the tender for a Light Rail Transit system project, Cheng established the Capital Communications Corporation Ltd. in 1986. The company founded the Capital magazine and introduced in Hong Kong the Chinese edition of publications such as Playboy and Forbes. The launch of the first edition of Playboy whose cover girl was Miss Hong Kong Olivia Cheng
Olivia Cheng
Olivia Cheng , born 14 February 1960, is a Hong Kong based former actress. She won the 1979 Miss Hong Kong Pageant and was also elected "Miss Photogenic." She represented Hong Kong in Miss Universe 1979 in Perth, Western Australia, where she went unplaced but ranked a very respectable 21st place...
, and of Olivia Cheng’s Photo Album caused a furor in society. The Capital magazine published after the 1987 stock market crash was the most successful business/financial magazine in Hong Kong and introduced the rich and family listing in Hong Kong.
In 1990, Capital Communications Corporation was given an award for its enterprising achievement. In 1991, the company was acquired by Paramount Publishing Group, of which Cheng became CEO until 1994.
In 1999, Cheng took advantage of the dot-com bubble to set up 36.com Holdings Ltd., which was listed on the Growth Enterprise Market in 2000. 36.com was initially a website but it later launched the Cup magazine, a weekly magazine that has turned into a monthly publication now. Cheng is still the publisher emeritus of the Cup magazine.
From “News Tease” to “Teacup in a Storm”
In 1994, Cheng partnered with Raymond Wong Yuk-manRaymond Wong Yuk Man
Raymond Wong Yuk-man is a politician, author, current affairs commentator and radio host. He is a member of the Legislative Council of Hong Kong , representing the Geographical constituency of Kowloon West...
and Chan Yiu-nam to co-host ATV’s talk show “News Tease”, which turned out to be widely popular. In 1995, Winnie Yu of Commercial Radio invited Cheng to host the morning phone-in programme entitled “Teacup in a Storm”. Cheng’s relentless criticisms of government officials and discussions on numerous hotly debated livelihood issues and current affairs made the talk show the most popular current affairs programme in the broadcasting sector. For ten consecutive years, Cheng was named the most popular radio host, and “Teacup in a Storm” ranked first among the most popular radio programmes. Because of this talk show, Cheng was also rated as one of the 25 most influential Hongkongers by Time magazine in 1997. In 1998, he was selected as one of the 50 Asia’s Stars by Business Week. In 2000, Cheng was named one of the 25 most influential Hongkongers by Asiaweek and Ming Pao
Ming Pao
Ming Pao is a Chinese language newspaper published by Ming Pao Group in Hong Kong. In the 1990s, Ming Pao established four overseas branches in North America, each provides independent reporting on local news and collect local advertisements. Currently, only the two Canadian editions remain: Ming...
.
Cheng’s influence, however, also invited his assault. In August 1998, on his way to work, Cheng was attacked by thugs outside the Commercial Radio headquarters. He suffered eight slashes and the tendons of his hand were chopped off. He was hospitalized for two months. To date, nobody has been arrested for the attack.
During the SARS outbreak in 2003, many medical workers of the Hospital Authority called Cheng’s talk show to complain about the Authority’s slow action against the epidemic outbreak. In response, Cheng contacted and queried the concerned officials, and organized a fund-raising campaign to help purchase facial masks for frontline medical workers. He was thus hailed as the “Chief Executive before 10am”. He also ordered from a Canadian manufacturer 500,000 bottles of Vitamin C pills in one go and distributed them to primary and secondary school students in Hong Kong. Moreover, he launched the “One orange for one medical worker” campaign, which successfully raised approximately HK$100 million worth of supplies and services.
The Talk Show Saga
During the SARS outbreak, to safeguard the welfare of medical workers, Cheng ruthlessly condemned his friend Ko Wing-man, former Director of Hospital Authority, in his talk show. In April 2003, Cheng called Lau Kai-hung, Assistant Director of Housing, a “dog official”. In June, according to sources, the government would renew the Commercial Radio’s operating licence for three years only. In the summer of 2003, Cheng deliberately took leave from the radio operator until autumn. This was seen as a move to reconcile the parties concerned and help the Commercial Radio renew its licence for a normal six-year period.On 1 May 2004, Cheng announced that he would take leave again on the grounds of pressure and was temporarily replaced by Allen Lee Peng-fei, Leung Man-to, Tony Tsoi Tung-ho and Ivan Choy Chi-keung as co-hosts of the talk show. However, Cheng was suddenly dismissed by Winnie Yu during his leave and was forced to quit the radio programme. Yu and Cheng confronted each other over the issue on a number of media occasions. The Commercial Radio later dismissed Tsoi and Leung as well, and suspended Choy’s duties in the programme. In October 2004, “Teacup in a Storm” was replaced by a new programme called “On a Clear Day”.
Legislative Councillor
In August 2004, Cheng decided to participate in politics in order to retain the people’s voice in society, and joined hands with Andrew To Kwan-hang, the then Secretary of The Frontier and Wong Tai Sin DistrictWong Tai Sin District
Wong Tai Sin District is one of the 18 districts of Hong Kong, and is the only landlocked district of the city. It is located in Kowloon and has a population of 444,630...
Council member (Chuk Yuen North Estate), to contest Legislative Council election in the Kowloon East constituency. The swift approval of his application to relinquish his Canadian nationality by the Canadian government qualified him to run for the election. Cheng won more than 73,000 votes, the largest number of votes obtained among the contestants, and was elected a lawmaker. In 2008, he announced that he would not stand for re-election.
During his service as a lawmaker, Cheng was a member of the Public Accounts Committee and chairman of the Panel on Information Technology and Broadcasting. He was considered a pan-democrat in the legislature, but had dividing views with the pro-democracy camp over the constitutional reform in 2005 and the nomination of his good friend Donald Tsang Yam-kuen
Donald Tsang
Sir Donald Tsang Yam-kuen, GBM, KBE is the current Chief Executive and President of the Executive Council of the Government of Hong Kong....
as chief executive.
The Link Reit Incident
In December 2004, the Housing Department bypassed the legislature and injected into the Link Real Estate Investment Trust (Link REIT) the commercial properties of public housing estates, including 150 public shopping malls and 80,000 car park spaces. It also launched an initial public offering and planned to list the Link REIT on the stock exchange on 16 December. Cheng opposed the listing on the grounds that the public assets were sold to the Link Reit at too low a price. He thus supported the attempt of a public housing estate resident, Lo Siu-lan, to prevent the Link REIT from being listed on the stock exchange by initiating a litigation in the High Court on 8 December, accusing the Housing Department of breaching the Housing Ordinance. Although the case was overruled by the Court of Final Appeal, the listing was withdrawn since the litigation did not close before the listing date. The Link REIT was officially listed in 2005.Cheng’s opposition to the listing of the Link REIT was then criticized for hindering others from reaping profits. On 1 January 2005, 50,000 people joined a protest against Cheng. In 2007, however, with the increasing number of complaints about the Link REIT, the public changed to support Cheng’s position. Cheng also stressed in his promotion materials his clear objection to the listing of the Link REIT in December 2004.
On 1 January 2005, at the instigation of some shameless politicians and media, 50,000 people allegedly took to the street to protest against the “backstage manipulator” who prevented the Link REIT from being listed on the stock exchange.
Family life
Cheng reportedly married Canto-pop queen Paula Tsui Siu-fungPaula Tsui
Paula Tsui Siu-fung is a famous Cantopop singer in Hong Kong. She has been affiliated with the TVB television station until the mid-1990s but has performed for Asia Television Ltd...
in Canada in 1975 but was divorced in 1979. Neither of them has ever admitted the reports. According to sources, they were only lovers at that time; the pair got married just to help Tsui and her family members to migrate to Canada, and they had no actual husband and wife relationship. In 1987, Cheng married Irene Lo Kam-seung, Miss Hong Kong of 1981; shortly after their marriage, she gave birth to three boys.