Ricky Wong drops his TV dream

Telecoms and media entrepreneur Ricky Wong has finally abandoned his pursuit of a free-to-air TV broadcast license in Hong Kong, a decision that will allow him to step up focus on his e-commerce business.

Wong, the founder and chairman of Hong Kong Television Network (HKTV), announced Tuesday that his group will withdraw its free-TV license application following an unsuccessful quest that stretched more than eight years.

As there has been no positive response from the government, HKTV decided to end the chase for the traditional broadcast license, Wong…