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HONG KONG (BLOOMBERG) - Hong Kong tycoon Li Ka-shing s private investment firm Horizons Ventures will make South-east Asia a priority, with the region s digital economy booming as the pandemic drives more people to use the internet.
Horizons Ventures will focus in particular on South-east Asia s biggest market, Indonesia, co-founder Solina Chau, Li s long-time confidante, told Bloomberg News in a statement sent by text message.
The firm, whose early bet on Zoom Video Communications contributed to a surge in Mr Li s wealth during the Covid-19 pandemic, has over the past year invested in three Indonesia-based start-ups in funding rounds that have raised more than US$210 million (S$280 million). Partnering up with Jakarta s Alpha JWC Ventures, one of South-east Asia s largest venture capitalists, Horizons seeks to identify young companies that could be the region s next most popular.
Shirley Zhao, Bloomberg News
(Bloomberg) Hong Kong tycoon Li Ka-shingâs private investment firm Horizons Ventures Ltd. will make Southeast Asia a priority, with the regionâs digital economy booming as the pandemic drives more people to use the internet.
Horizons Ventures will focus in particular on Southeast Asiaâs biggest market, Indonesia, co-founder Solina Chau, Liâs long-time confidante, told Bloomberg News in a statement sent by text message.
The firm, whose early bet on Zoom Video Communications Inc. contributed to a surge in Liâs wealth during the pandemic, has over the past year invested in three Indonesia-based startups in funding rounds that have raised more than $210 million. Partnering up with Jakartaâs Alpha JWC Ventures, one of Southeast Asiaâs largest venture capitalists, Horizons seeks to identify young companies that could be the regionâs next most popular.
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