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Singapore has recently launched its inaugural fully insured and locally stored physical gold fund. The move enhances the city-state’s prestige as an international financial center and a hub for precious metals. The LionGlobal Singapore Physical Gold Fund was…
Singapore has made a bold move towards mainstream digital finance through the launch of its first tokenized retail fund. The innovative initiative, the result of a collaboration between Franklin Templeton and DBS Bank, offers a US dollar short-term money…
BE Campbell, an Australian pork processing company, has recently obtained an investment from Allegro Funds as part of their growth strategy. The Sydney-based, third-generation family business employs over 750 individuals and provides services to supermarkets,…
She will succeed Virginia Devereux Wong, regional head of funds and ETFs, who will be leaving HSBC Private Banking at the end of June. Lina Lim, regional head of discretionary, Asia, will take on the expanded role of regional head of discretionary and funds,…
Stack, an Asia-based provider of cryptocurrency trackers and index funds, has launched the single-asset index fund in response to investor demand. It expects to capture $750 million in assets under management within 2020, Matthew Dibb, co-founder of Stack…
Ant Financial is building a roughly $1 billion investment fund to back start-ups across Southeast Asia and India. Alibaba’s financial technology arm is looking to expand its reach across the region using a huge war chest. Plans for the fund are at an early…
Fund of funds are becoming critical in China’s domestic market for diversification and, in particular, hedge fund exposure. But unsystematic performance-chasing from market players do not inspire confidence, UBS Asset Management said. Since the fund of fund…
Softbank Group’s Vision Fund has made its first foray into energy storage technology with a $110 million investment in Switzerland-based Energy Vault. While many countries are keen to use renewable energy as part of efforts to cut carbon emissions in the…
Japan’s SoftBank is reportedly in talks to invest up to $3 billion in fast-growing Indian operator Reliance Jio Infocomm. SoftBank’s Vision Fund is involved in due diligence on the prospect of the purchase of a stake in Jio that could be worth $2 billion to…
Starbucks has launched an investment fund to boost food and retail startup technology companies. The new entity, Valor Siren Ventures, will be managed by Valor Equity Partners, a growth-focused private equity investment firm that was among the first investors…
AirAsia has launched a new venture capital fund, RedBeat Capital, to invest in start-up businesses that aims to boost the low-cost carrier’s ancillary segment. RedBeat Capital will work alongside San Francisco-based venture capital firm 500 Startups in…
ELSA has raised $7 million in a Series-A round from Google’s AI Fund Gradient Ventures and other U.S. investors. The investment round for ELSA, a mobile app that uses artificial intelligence and speech recognition technology to help language learners improve…
Most Vietnamese banks fall short of international capital adequacy norms and have to focus on attracting foreign capital this year, Moody’s has said. The credit rating agency said in a release Monday that “the underdevelopment of the domestic capital markets”…
Logivan, a web platform that helps trucks connect with potential customers, said it has raised $5.5 million in the latest funding round. The investment comes from two Asian angel investors and Indonesian venture capitalist Alpha JWC Ventures. One of the angel…
Vietnamese fintech firm Finhay has raised $1 million in seed funding from Singapore’s Insignia Ventures Partners and other foreign investors. “Finhay will use the $1 million investment to expand its user base 10-fold to 100,000,” said founder and director of…
Filipino cafe chain Bo’s Coffee plans to more than double its store network within four years and is also eyeing expansion into the Middle East. In an interview, founder Steve Benitez says the ambitious growth plan has been fuelled by strong local demand.…
