Temasek invests in China fund aimed at developing agrifood technology
The state-owned holding company is among a range of limited partners in the fund, set up amid the swine fever and Covid-19 outbreaks
Singapore
TEMASEK Holdings is making a further push into the agrifood space, with its participation in the US$30 million first close of a new fund to develop agrifood technology in China.
The Singapore state investment firm is one of the limited partners (LPs) of the fund, launched by Chinese venture capital firm Bits x Bites. Other LPs included Singapore-based private equity firm Heritas Capital Management, which focuses on health and related food tech, a spokesperson for Bits x Bites told The Business Times (BT) on Tuesday.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
UBS weighs synthetic risk transfer amid capital boost proposals
Money laundering accused Zhang Ruijin slapped with 5 more charges days before scheduled guilty plea
Japanese yen slides back towards 34-year low after brief spike
China’s Bank of Communications Q1 profit rises 1.44%
HSBC’s private bank shuts independent asset management business in HK, Singapore
Nomura Q4 net profit jumps almost eight-fold on retail income surge