Mr. Li Ka-Shing is a Co-Founder at Horizons Ventures. His primary operating company is Hutchison Whampoa. Mr Li's younger son, Richard, is Chairman of PCCW, one of Asia's leading internet and telecommunications companies. Mr Li Ka-shing is the Chairman of Cheung Kong (Holdings) and Hutchison Whampoa. Cheung Kong (Holdings) is the flagship of the Cheung Kong Group which has business operations in 54 countries around the world and employs about 240,000 staff. In Hong Kong alone, the Group includes nine listed companies with a combined market capitalization of approximately HKD600 billion (30 June 2009). Hutchison Whampoa is a Fortune Global 500 company. Cheung Kong continued to expand by acquiring Hutchison Whampoa and Hongkong Electric Holdings in 1979 and 1985 respectively. Based in Hong Kong, the Cheung Kong Group's businesses encompass such diverse areas as property development and investment, real estate agency and estate management, hotels, telecommunications and e-commerce, finance and investments, retail, ports and related services, energy, infrastructure projects and materials, media, and biotechnology. Mr Li is a strong believer in synergy - the power of combined efforts. This belief is reflected in his naming his company Cheung Kong Holdings after the Yangtze River that flows through China, a great river that aggregates countless streams and tributaries. The Times in the United Kingdom and Ernst & Young UK jointly named Mr Li as the Entrepreneur of the Millennium at the turn of the century. He is also an Angel Investor.