The firm, whose early bet on Zoom Video Communications contributed to a surge in Li’s wealth during the pandemic, has over the past year invested in three Indonesia-based startups in funding rounds that have raised more than US$210 million ($278 million). Partnering up with Jakarta’s Alpha JWC Ventures, one of Southeast Asia’s largest venture capitalists, Horizons seeks to identify young companies that could be the region’s next most popular.
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.
Horizons Ventures will focus in particular on Southeast Asia’s biggest market, Indonesia, co-founder Solina Chau, Li’s long-time confidante, told Bloomberg News in a statement sent by text message.
