Weather New York, NY +59°F


Asia's Richest Man Invests in Oxford

May 3
12:03 PM 2013

The richest man in Asia, Li Ka-shing is investing in a new research center located at Oxford University. This new center would focus on studies in the field of medical data.

The center is to be named Li Ka-Shing Centre for Health Information and Discovery and would help medical professionals better understand health and disease through medical data analysis from hospital patient records. DNA sequencing, medical clinical trals and national registries. The Li Ka Shing Foundation is donating GBP 20 million pounds or US$31 million.

The field of data mining is increasingly being utilized by many other companies such as Microsoft, IBM, Oracle and SAS Institute. The main focus for this field is to help hospitals detect patterns of medical issues and thus provide improved medical care service.

Li is the chairman of Hutchison Whampoa Ltd and Cheung Kong Holdings, which is the majority shareholder in Hutchinson China MediTech Ltd. The last company is working to utilize traditional Chinese medication into pharmaceutical grade products for the market.

Li has a total estimated wealth of US$27.5 billion according the to Bloomberg Billionaires Index.

© 2018 VCPOST, All rights reserved. Do not reproduce without permission.


Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics