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Savvy kids of Asian tycoons tap family fortunes to build edgy venture fund

(From left) Lionel Leong, Raja Hamzah Abidin and Rachel Lau, co-founders at RHL Ventures Sdn, with John Ng Pangilinan (far right), a partner. RHL has backed two start-ups since its debut last year. One is Singapore-based Perx. The firm has also invested in Sidestep, a Los Angeles-based start-up.


ONE of Rachel Lau's strongest childhood memories is the smell of newspaper. Her father, driving her to school each day in Kuala Lumpur, would make his sleepy daughter open the paper, go through stock quotes and do mental sums.

"He would be, like: 'How did KLK do today? OK...

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