# CK HUTCHISON HOLDINGS LTD

Summary updated: 2026-09-28T14:44:39.766615Z
Canonical: https://finbar.com/research/companies/ck-hutchison-holdings

## Overview

CK Hutchison Holdings Limited is a diversified group with businesses in ports and related services, retail, infrastructure, telecommunications, and finance and investments. Its operations include Hutchison Ports, the A.S. Watson retail group, infrastructure interests and mobile networks in Europe, Hong Kong and Macau. [1](https://app.finbar.com/go?id=P134809668)[2](https://app.finbar.com/go?id=P134811077)[3](https://app.finbar.com/go?id=P134811107)[4](https://app.finbar.com/go?id=P134811153)[5](https://app.finbar.com/go?id=P134811168)

The group has a broad international presence: its port interests span 24 countries, while Europe is its largest reported geographic market by revenue. CK Hutchison reported revenue of approximately HK$507.3 billion in 2025. [2](https://app.finbar.com/go?id=P134811077)[6](https://app.finbar.com/go?id=P134809651)[1](https://app.finbar.com/go?id=P134809668)
[1](https://app.finbar.com/go?id=P134809668)[2](https://app.finbar.com/go?id=P134811077)[3](https://app.finbar.com/go?id=P134811107)[4](https://app.finbar.com/go?id=P134811153)[5](https://app.finbar.com/go?id=P134811168)[6](https://app.finbar.com/go?id=P134809651)

## Products & services

CK Hutchison’s ports business provides port and related services through a network with interests in 53 ports and 295 operational berths across 24 countries [2](https://app.finbar.com/go?id=P134811077). Its retail business is led by AS Watson’s health-and-beauty stores, including Watsons, and also includes PARKnSHOP, Fortress and Watson’s Wine, alongside manufacturing operations [3](https://app.finbar.com/go?id=P134811107)[7](https://app.finbar.com/go?id=P134810953).

Its telecommunications offerings include mobile services through 3 Group’s European operations and mobile operations in Hong Kong and Macau [5](https://app.finbar.com/go?id=P134811168). Its infrastructure interests encompass water, gas and electricity utilities, as well as transport-related assets [4](https://app.finbar.com/go?id=P134811153)[8](https://app.finbar.com/go?id=P134811162). In 2024, retail accounted for 40% of group revenue, telecommunications 19%, infrastructure 12%, and ports and related services 9% [9](https://app.finbar.com/go?id=T15415089)[9](https://app.finbar.com/go?id=T15415089)[9](https://app.finbar.com/go?id=T15415089)[9](https://app.finbar.com/go?id=T15415089).
[2](https://app.finbar.com/go?id=P134811077)[3](https://app.finbar.com/go?id=P134811107)[7](https://app.finbar.com/go?id=P134810953)[5](https://app.finbar.com/go?id=P134811168)[4](https://app.finbar.com/go?id=P134811153)[8](https://app.finbar.com/go?id=P134811162)[9](https://app.finbar.com/go?id=T15415089)[9](https://app.finbar.com/go?id=T15415089)[9](https://app.finbar.com/go?id=T15415089)[9](https://app.finbar.com/go?id=T15415089)

## Geographic presence

CK Hutchison Holdings is based in Hong Kong, with substantial operations across Europe, Asia and Australia, and Canada. In its 2025 geographic revenue breakdown, Europe accounted for 55% of group revenue, including 20% from the UK. Hong Kong contributed 7%, the Chinese Mainland 5%, Asia, Australia and other markets 15%, and Canada 1%. The remaining 17% was classified as Finance & Investments and Others rather than assigned to those operating regions. [10](https://app.finbar.com/go?id=P134811051)[6](https://app.finbar.com/go?id=P134809651)

Its geographic footprint varies by business. Retail operations include markets in Western and Eastern Europe, the Chinese Mainland and elsewhere in Asia; the Chinese Mainland network comprised 3,465 stores across more than 500 cities. Its European telecommunications business operates in the UK, Italy, Sweden, Denmark, Austria and Ireland. Its infrastructure portfolio includes businesses in the UK, continental Europe, Australia, Canada, New Zealand, Hong Kong and the Chinese Mainland. [11](https://app.finbar.com/go?id=T15414867)[12](https://app.finbar.com/go?id=P134809747)[13](https://app.finbar.com/go?id=P134809518)[14](https://app.finbar.com/go?id=P134809783)
[10](https://app.finbar.com/go?id=P134811051)[6](https://app.finbar.com/go?id=P134809651)[11](https://app.finbar.com/go?id=T15414867)[12](https://app.finbar.com/go?id=P134809747)[13](https://app.finbar.com/go?id=P134809518)[14](https://app.finbar.com/go?id=P134809783)

## Business segments

CK Hutchison reports five business segments. In 2024, Ports and Related Services accounted for approximately 9% of group revenue; it comprises interests in Hutchison Ports and HPH Trust, which operate port facilities across multiple countries. [9](https://app.finbar.com/go?id=T15415089)[15](https://app.finbar.com/go?id=P134811079) Retail contributed about 40% and comprises A.S. Watson’s health-and-beauty retail operations. [9](https://app.finbar.com/go?id=T15415089)[3](https://app.finbar.com/go?id=P134811107) Infrastructure contributed about 12% and includes the group’s interest in CK Infrastructure Holdings and six co-owned infrastructure investments. [9](https://app.finbar.com/go?id=T15415089)[4](https://app.finbar.com/go?id=P134811153)

CK Hutchison Group Telecom generated approximately 19% of 2024 revenue. It combines 3 Group Europe’s mobile operations with the group’s telecommunications interests in Hong Kong and Macau. [9](https://app.finbar.com/go?id=T15415089)[5](https://app.finbar.com/go?id=P134811168) Finance & Investments and Others contributed about 20%; it includes returns on cash and liquid investments alongside other holdings and businesses, including TOM Group, CK Life Sciences and telecommunications investments outside the core telecom segment. [9](https://app.finbar.com/go?id=T15415089)[16](https://app.finbar.com/go?id=P134811205)[17](https://app.finbar.com/go?id=P134811209)
[9](https://app.finbar.com/go?id=T15415089)[15](https://app.finbar.com/go?id=P134811079)[9](https://app.finbar.com/go?id=T15415089)[3](https://app.finbar.com/go?id=P134811107)[9](https://app.finbar.com/go?id=T15415089)[4](https://app.finbar.com/go?id=P134811153)[9](https://app.finbar.com/go?id=T15415089)[5](https://app.finbar.com/go?id=P134811168)[9](https://app.finbar.com/go?id=T15415089)[16](https://app.finbar.com/go?id=P134811205)[17](https://app.finbar.com/go?id=P134811209)

## Company history

CK Hutchison Holdings traces its history through Cheung Kong, established by Li Ka-shing as a plastics business in 1950, and Hutchison Whampoa, whose roots go back to the nineteenth century. In 1979, Cheung Kong acquired a controlling interest in Hutchison Whampoa, bringing the two businesses under Li’s leadership. [18](https://www.ckh.com.hk/en/about/history.php)

Hutchison Whampoa expanded into mobile telecommunications, selling its Orange business in 1999 and launching services under the 3 brand in the United Kingdom in 2003. [18](https://www.ckh.com.hk/en/about/history.php) CK Hutchison Holdings was created in 2015 through a reorganisation of Cheung Kong and Hutchison Whampoa that separated their property businesses into another listed company. Victor Li succeeded Li Ka-shing as chairman in 2018. [19](https://www.ckh.com.hk/en/ir/financial_reports.php)[20](https://www.ckh.com.hk/en/ir/)
[18](https://www.ckh.com.hk/en/about/history.php)[19](https://www.ckh.com.hk/en/ir/financial_reports.php)[20](https://www.ckh.com.hk/en/ir/)

## Sources

1. [CK HUTCHISON HOLDINGS LTD — Presentation (2025 Y), p24](https://app.finbar.com/go?id=P134809668)
2. [CK HUTCHISON HOLDINGS LTD — Presentation (2024 Y), p21](https://app.finbar.com/go?id=P134811077)
3. [CK HUTCHISON HOLDINGS LTD — Presentation (2024 Y), p25](https://app.finbar.com/go?id=P134811107)
4. [CK HUTCHISON HOLDINGS LTD — Presentation (2024 Y), p33](https://app.finbar.com/go?id=P134811153)
5. [CK HUTCHISON HOLDINGS LTD — Presentation (2024 Y), p35](https://app.finbar.com/go?id=P134811168)
6. [CK HUTCHISON HOLDINGS LTD — Presentation (2025 Y), p22](https://app.finbar.com/go?id=P134809651)
7. [CK HUTCHISON HOLDINGS LTD — Presentation (2024 Y), p10](https://app.finbar.com/go?id=P134810953)
8. [CK HUTCHISON HOLDINGS LTD — Presentation (2024 Y), p34](https://app.finbar.com/go?id=P134811162)
9. [CK HUTCHISON HOLDINGS LTD — Presentation (2024 Y), p19](https://app.finbar.com/go?id=T15415089)
10. [CK HUTCHISON HOLDINGS LTD — Presentation (2024 Y), p18](https://app.finbar.com/go?id=P134811051)
11. [CK HUTCHISON HOLDINGS LTD — Presentation (2025 Y), p30](https://app.finbar.com/go?id=T15414867)
12. [CK HUTCHISON HOLDINGS LTD — Presentation (2025 Y), p33](https://app.finbar.com/go?id=P134809747)
13. [CK HUTCHISON HOLDINGS LTD — Presentation (2025 Y), p15](https://app.finbar.com/go?id=P134809518)
14. [CK HUTCHISON HOLDINGS LTD — Presentation (2025 Y), p37](https://app.finbar.com/go?id=P134809783)
15. [CK HUTCHISON HOLDINGS LTD — Presentation (2024 Y), p21](https://app.finbar.com/go?id=P134811079)
16. [CK HUTCHISON HOLDINGS LTD — Presentation (2024 Y), p42](https://app.finbar.com/go?id=P134811205)
17. [CK HUTCHISON HOLDINGS LTD — Presentation (2024 Y), p42](https://app.finbar.com/go?id=P134811209)
18. [www.ckh.com.hk](https://www.ckh.com.hk/en/about/history.php)
19. [www.ckh.com.hk](https://www.ckh.com.hk/en/ir/financial_reports.php)
20. [www.ckh.com.hk](https://www.ckh.com.hk/en/ir/)

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