billionaire Li Ka-shing invests in "artificial meat" company

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Publish time: 13th October, 2014      Source: www.cnchemicals.com
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October 13, 2014

   

   

Hong Kongbillionaire Li Ka-shing invests in "artificial meat" company

   
   
   

Techcracker, a roadshow that features disruptive innovations began its tour in Beijing this May, and had recently completed its show in Shanghai last week. Organized by Horizons Ventures, the private technology investment arm of Mr Li Ka-shing, it is worth noting the growing trend of food science and technology on display.

   

   

For example, Horizons Ventures had earlier invested US$23 million into Hampton Creek, a tech-food company that produces egg-free food alternatives like mayonnaise with plant-based egg-replacing formulas. It is reported that the plant-based mayonnaise has been selling very well in Hong Kong and the company is keen to start selling its products in China by end of this year.

   

   

Besides that, Horizons Ventures had also invested in two American tech-food companies that specialize in artificial meat. One of them is Impossible Foods with which Horizons Ventures had invested US$25 million.

   

   

The former made headlines earlier by replicating a delicious cheeseburger from plant matter. Impossible Food''s approach is to first identify elements from plants that can give off the "flavorful" smell, such as amino acids and simple sugars. They then restructure and combine these elements with other processes, to create a "meat patty" that contains more nutritious value than traditional beef patty.

   

   

Impossible Food founder and CEO Patrick Brown said that the company''s next steps will be to research and recreate "pork", "chicken", "mutton" and "milk".