- Briefing Your roundup of Asian tech and startup news that matter
Collin Furtado · · 1 min readHong Kong tycoon Li Ka-shing’s firm to focus on funding SEA’s tech startups
“Hong Kong tycoon Li Ka-shing’s private investment firm Horizons Ventures will make Southeast Asia a priority, with the region’s digital economy booming as the pandemic drives more people to use the internet,” reported Bloomberg.
Details:
- Horizon Ventures will focus primarily on the Indonesian market, said the firm’s co-founder Solina Chau.
- It has partnered with Alpha JWC Ventures to identify startups that could become the next largest company in the region.
Context:
- In the past year, Horizon Ventures and Alpha JWC have invested in Southeast Asian startups such as Indonesian coffee startup Kopi Kenangan, online stock brokerage Ajaib, and capsule hotel startup Bobobox.
- Horizon Ventures was also an early investor in popular video-conferencing startup Zoom, and its stake in the company has contributed to the rise in Li’s wealth during the pandemic.
Editing by September Grace Mahino
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
