Li Ka-shing's CK Asset Invests in Ex-JPMorgan Banker's AI Firm [BNN Bloomberg (Canada)]
JP Morgan Chase & Co. (JPM)
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Source: BNN Bloomberg
NEXX Global Ltd., set up in February by Houston Huang, former chief executive officer of JPMorgan's securities firm in China, attracted Li's CK Asset Holdings Ltd. as the first strategic shareholder in its pre-series A funding round, people familiar with the matter said. The partnership aims to bolster the artificial intelligence capability of the logistics and supply chain management service provided by NEXX. The unspecified funding round will help the Hong Kong startup expand its services into Southeast Asia, Europe and the US this year, the people said, asking not to be identified discussing a private matter. NEXX's founding team also includes two people from the logistics industry in Hong Kong and a local university AI scientist. Li, Hong Kong's richest businessman, made his fortune investing in businesses spanning ports, retail, infrastructure and telecommunications through his flagship conglomerate CK Hutchison Holdings Ltd. The port services provider last year signed a
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