Hong Kong’s Richest Man Made Early Zoom Bet That’s Now Worth $3 Billion [Yahoo! Finance News]
Zoom Video Communications, Inc. - Class A (ZM)
Last zoom video communications, inc. - class a earnings: 3/4 04:20 pm
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Source: Yahoo! Finance News
) -- Li Ka-shing built Hong Kong’s biggest fortune on old-fashioned real estate and infrastructure. It’s a bet on technology that’s paying off in the current crisis.Li, called “Superman” by his admirers, was an early investor in Zoom Video Communications Inc. and owns about 8.6% of the San Jose-based company, according to regulatory filings. The value of Li’s stake has surged 80% this year to $2.9 billion -- the only public holding of his tracked by the Billionaires Index to record a gain. His overall fortune is down about $5 billion to $26 billion this year after Hong Kong was hit by protests and the coronavirus pandemic.The 91-year-old owns Zoom through three investment vehicles, according to the filings. Horizons Ventures, which manages Li’s venture investments, led a $6.5 million series B round funding in the video conferencing company in 2013 and participated in a $30 million series C round two years later, according to the company’s website. His stake was worth about $850 milli
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ZM
News
- Zoom Communications (NASDAQ:ZM) was upgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "hold (c+)" rating to a "buy (b-)" rating.MarketBeat
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- Zoom Communications (NASDAQ:ZM) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Zoom Communications (NASDAQ:ZM) had its price target raised by analysts at JPMorgan Chase & Co. from $85.00 to $90.00. They now have a "neutral" rating on the stock.MarketBeat
- Zoom Communications (NASDAQ:ZM) had its "outperform" rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $100.00 price target on the stock.MarketBeat
ZM
Earnings
- 11/24/25 - Beat
ZM
Sec Filings
- 12/5/25 - Form 4/A
- 12/4/25 - Form 4
- 11/25/25 - Form 10-Q
- ZM's page on the SEC website