VegNews Daily

Asia’s Richest Businessman Invests in Beyond Eggs

Billionaire investment mogul Li Ka-Shing is investing millions in Hampton Creek Foods.

Hampton Creek Foods is on the frontier of animal alternatives, and its Beyond Egg product is garnering the attention of heavy-hitting investors who play to win. Hampton has secured funding from Microsoft billionaire Bill Gates, Yahoo co-founder Jerry Yang (and his company AME Cloud Ventures), and hedge fund billionaire Tom Steyer. Recently, Tetrick also garnered the attention of Asia’s richest businessman, Li Ka-Shing, whose tech-investment firm, Horizons Ventures, will input $23 million. Ka-Shing’s choice to fund Beyond Eggs may be influenced by his native country China’s heavy reliance on eggs, and the ecological devastation the farming industry has caused. “Everyone wants a clean and sustainable world, and we love that Hampton Creek is committed to that goal—egg by egg,” says Li in a statement. According to Forbes, Li has a track record of tech-savvy investments, and has allocated money to Skype, Facebook, and Spotify in the past.

Photo credit: Forbes

 Comments

IKEA to Introduce Vegan Swedish Meatballs

After being pressured by the animal-rights community, furniture superstore will roll out vegan meatballs this spring.
Read More »

Introducing the Animal Cruelty Exposure Fund

New non-profit's mission is to expose cruelty via mainstream media.
Read More »

Dairy Industry Launches Anti-Vegan-Milk Campaign

With plummeting sales, dairy milk industry says “enough is enough.”
Read More »

Chipotle Mexican Grill Promotes Vegan Option

Popular Mexican eatery encourages public to try its tofu option.
Read More »

Award-Winning Vegan Restaurant To Close Its Doors

San Francisco's famed Millennium Restaurant will shut down this April after losing lease.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »