Li Ka -shings early investment returns huge ZOOM shares holding 30 % of their ne

Li Jiacheng, a well -known Hong Kong businessman, still maintains the title of Hong Kong's richest man.Analysis of the article pointed out that this is largely due to his early investment in the video conference application ZOOM.

According to Bloomberg, Li Ka -shing invested for the first time in 2013. Li Ka -shing now holds 8.5%of the company headquarters in San Jose, California, with a total value of $ 11 billion (S $ 14.989 billion)one.

This year, the office and schools were closed due to coronary virus, forcing people to hold online meetings and classrooms. The development of ZOOM is like a day.The company listed in the United States reported on Monday that sales increased by 355%in the three months as of July 31. It was the runner -up in the performance of the Nasdaq 100 Index members last quarter.The stock further increased by 41%on Tuesday, and the value of the stock held by Li Ka -shing increased by $ 3.2 billion in a day.According to the Bloomberg billionaire index, he is now as high as $ 32.6 billion.

Although ZOOM's stock price has soared this year, Li Ka -shing's Changhe and Changshi Group have been in a difficult time under the impact of the epidemic crisis and anti -government protests on Hong Kong.The total market value of the two has evaporated more than a quarter in 2020. The tycoon that has made profits through the expansion of the crisis for decades is now shrinking the line to seek cutting costs.

After the profit of the first half of the report fell 29%, Changhe last month warned that the net profit of its core port and retail business in the second half of the year may decline.At the same time, Changshi Group stated that the profit in the first half of the year has shrunk by 58%.

The investment part of ZOOM is attributed to Zhou Kaixuan. In 2002, she jointly founded Victoria's investment and used Li Jiacheng's venture capital.Victoria -Port Investment is the early investors of Facebook, Spotify and Siri, and also invested in Impossible Foods, a plant -based meat producer.It participated in the ZOOM financing wheel in 2013 and 2015. When the company was listed last year, Li Ka -shing's shares were about $ 850 million.

Li Ka -shing's investment returns obtained through Victoria Harbor Investment were allocated to his charity Li Ka -shing Foundation, which was called his third son by Li Ka -shing.According to Li Jiacheng's 2015 statement, he invested one -third of his wealth (more than $ 9 billion) in 2006.Zhou Kaixuan, 59, is the executive director of the foundation.