Li Ka-shing leads funding round for Hong Kong fintech startup

MioTech uses AI to evaluate ESG investments for fund managers

Hong Kong's financial district: MioTech, a startup backed by Li Ka-shing's investment company, helps fund managers evaluate assets' ESG criteria. © Reuters

NARAYANAN SOMASUNDARAM, Nikkei Asian Review chief banking and financial correspondent

January 6, 2020 01:12 JST

HONG KONG -- Tycoon Li Ka-shing, the former chairman of CK Hutchison Holdings, has led a new funding round for MioTech, a Hong Kong-based startup that uses artificial intelligence to generate data for investors.

Li's investment company, Horizons Ventures, led MioTech's previous $7 million funding round in 2017.