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Business

Can Cheng Yu-tung's business empire thrive without him?

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A Chow Tai Fook store in China's Hubei Province. The jeweler's retail outlets in China have been hit by the nation's slowing economy.   © Reuters

HONG KONG When the wealthy and powerful flocked to the Hong Kong Funeral Home on Oct. 12 and 13 to pay their respects to Cheng Yu-tung, who had died at age 91, they were marking the loss of the first of a generation of rags-to-riches businessmen whose acumen and diplomatic savviness have for the most part been unrivaled by their successors.

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