29 January 2014
Source:
BBC News
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Mr Chao last week reportedly offered to double his 2012 offer of $65m (£40m).
Hong Kong does not recognise same-sex unions, although homosexuality was decriminalised in 1991.
Mr Chao, a property and shipping tycoon who himself has never married, told the BBC last year that his daughter needed a "good husband".
He said at the time that his monetary offer for any man to woo his daughter had generated many replies from potential suitors.
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This is Gigi Chao:
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Who wants to try? It's $65 million USD after all, and he is supposed to have doubled his offer to $130 million USD as well.