Li Ka-shing’s CK Asset Invests in Former JPMorgan Banker’s AI Firm

(Bloomberg) — Billionaire Li Ka-shing’s company has become the biggest institutional shareholder in a robotics-driven warehouse startup founded by a former JPMorgan Chase & Co. banker.

NEXX Global Ltd., was set up in February by Houston Huang, a former chief executive of JPMorgan’s securities firm in China and has 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.