As Oberhelman spoke, a defunct video-distribution company in Hong Kong was finalizing a reverse merger that would come to haunt Caterpillar.

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Take the case of KPS, Hong Kong's largest video chain.

CNN: BELIEVE IT OR NET

Woody Tsung, head of the city's Motion Picture Industry Association, puts the main blame on video piracy, which is worse in Hong Kong than almost anywhere else on the planet.

ECONOMIST: Chinese cinema

Hong Kong Telecom plans to bring the world's first commercial video-on-demand service to the territory this year, the first step toward full-scale interactive television.

CNN: BUSINESS

YY, which boasts more than 400 million registered users who engage in real-time group activities like karaoke and tutoring through audio, text and video on the free platform, went public in the U.S. rather than in Hong Kong or Singapore because its platform has "global implications, " Chief Executive David Xueling Li said in New York, through a translator.

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