Yu, Joseph Shin Gay 于善基

A deep dive into HK's "not-for-profit" internet domain registry reveals appalling governance, over-charging, continuing conflicts of interests and a severe case of corporate obesity. In late 2015, having hoarded enough cash to run the registry for 9 years, the Government-controlled board reversed a fee cut, losing a quarter of registered domains over the next 3 years, while seeking ways to squander the surpluses on mission-creep rather than return the cash to users. There is a better way.

Internet incubator E1 Media, the largest shareholder of Pacific Challenge Holdings Ltd, has failed in a blatant attempt to siphon HK$170m of cash out of PCH in return for a wildly over-valued Cents.com Ltd. In a rare success for minority shareholders, the deal was overturned. We look into the background and tell you how it happened...