Chinese tech majors could star in more S-E Asian unicorn deals
Singapore
BIG tech money from China surfaced in the minting of two South-east Asian unicorns last week.
In Ninja Van's US$578 million fundraise, Alibaba invested a whopping US$200 million, valuing the last-mile logistics company at US$2.2 billion, according to data from VentureCap Insights.
TRENDING NOW
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
Brokers maintain ‘buy’ on CDL despite investor reservations over strategic review
Deal between tycoon friends sparks scrutiny of Philippine power sector
Hwa Seng Builder, two China companies win S$1.2 billion Tuas Road Viaduct phase two contracts