Kelvin Wu
| Kelvin Wu King Shiu | |
|---|---|
 | |
| Born | September 8, 1969 |
| Alma mater |
Ying Wa College Chinese University of Hong Kong Osaka University of Foreign Studies |
| Occupation | Co-founder & Principal Partner of AID Partners/ CEO of Crosby Capital Limited/ Director of HMV Asia Limited |
Kelvin Wu King Shiu is a Hong Kong businessman. He is the principal partner of AID Partners Capital Ltd.,[1] among other holdings. Prior to founding AID Partners, Mr. Wu was the President of Investec Asia, a subsidiary of Investec Bank (UK) in Asia.
SFC Ban
In 2009 Wu was subjected to a disciplinary action by the Securities and Futures Commission of Hong Kong connected with his management of China Everbright Capital Ltd., and was banned from securities trading for two and a half years.[2]
Acquisition of HMV Hong Kong, Singapore
In 2013 Wu acquired the Hong Kong and Singapore outlets of the bankrupt music retail chain HMV.[3][4] He indicated plans to extend the company's focus beyond music retail, and obtained the right to expand into mainland China.[3] Also, Wu plans to relaunch a music sales platform, tailor-made for the Hong Kong and Singapore markets, to allow online music purchases and streaming.[5] He stated that he is confident of doubling revenues of HK$300 million within two years.[4]
Notes
- ↑ "Company Overview of AID Partners Capital Limited", Bloomberg Businessweek. Retrieved on 28 October 2014.
- ↑ "SFC imposes ban on Kelvin Wu King Shiu", Securities and Futures Commission, 5 January 2009. Retrieved on 28 October 2014.
- 1 2 Chen, George. "New HMV owner sets his ambitions beyond music", South China Morning Post, 11 March 2013. Retrieved on 28 October 2014.
- 1 2 Wilkinson, Tara. "Kelvin Wu: Life is too short; make sure it is spent well", South China Morning Post, 12 November 2013. Retrieved on 29 October 2014.
- ↑ Yiu, Enoch. "HMV retains its bet on discs as it reinvents itself in the online era", South China Morning Post, 11 August 2013. Retrieved on 29 October 2014.