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Hong Kong’s richest man made early Zoom bet that’s now worth US$3 billion

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Li Ka-shing was an early investor in Zoom Video Communications and owns about 8.6% of the company. YahooFinance

-- Li Ka-shing built Hong Kong’s biggest fortune on old-fashioned real estate and infrastructure. It’s a bet on technology that’s paying off in the current crisis.

The 91-year-old owns Zoom through three investment vehicles, according to the filings. Horizons Ventures, which manages Li’s venture investments, led a US$6.5 million series B round funding in the video conferencing company in 2013 and participated in a US$30 million series C round two years later, according to the company’s website. His stake was worth about US$850 million when Zoom started publicly trading in the U.S. in April 2019.

 

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