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

Billionaire Li Ka-shing’s firm bought a minority stake in a Hong Kong startup founded by a former JPMorgan Chase & Co. banker, becoming the biggest institutional shareholder of the robotics-driven warehouse operator.

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 ...