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Chinese tech billionaire invests S$5m in Singapore VC fund

Tembusu ICT Fund I is said to be the only one here investing solely in software startups

Mr Pang (left), seen here with Mr Pande, says Singapore has the potential to become a leader in the enterprise software or B2B space as many firms here are tech-savvy and understand the importance of digitisation.


CHINESE tech billionaire Pang Shengdong is investing S$5 million in Singapore's Tembusu ICT Fund I - a S$70 million venture capital (VC) fund run by Tembusu Partners, The Business Times has learnt.

The fund is said to be the only venture capital fund in Singapore

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