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David Webb, Hong Kong Governance Activist Investor, Dies at 60

The shareholder advocate shaped Hong Kong markets through a public database with high-impact probes.

Overview

  • A family statement posted on his social media said Webb died in Hong Kong on January 13, 2026 from metastatic prostate cancer and is survived by his wife and two children.
  • Webb founded the free database Webb-site in 1998, a widely used resource for investors, journalists and regulators, which shut down late last year.
  • His 2017 "Enigma Network" exposé mapped cross-shareholdings across about 50 listed companies, triggering a market rout that erased roughly $6 billion and prompting a criminal investigation.
  • He was appointed a Member of the Order of the British Empire in 2025 for contributions to corporate governance and previously served on the Takeovers and Mergers Panel and as an independent director of Hong Kong’s exchange operator.
  • Beyond markets, he addressed the 2014 Umbrella Movement, criticized authorities during the 2019 protests, and in May 2025 warned that growing authoritarianism threatened Hong Kong’s economic model.