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The fund has already secured $62 million in commitment from China Minsheng Investment Group, an LP of DayShine.
Foreign insurers can either pare stakes or contribute to health insurance fund, says Malaysian central bank
In Malaysia, 11 insurers including Great Eastern, AIA, and Tokio Marine, are currently wholly owned by foreign firms.
SparkLabs Taipei Fund II LP, has a target of $10 million and will be managed by SparkLabs Taipei co-founder and managing partner Edgar Chiu.
The Adelphi Digital team of over 170 staff will join the firm in Australia and Singapore, with the business now branded as EY.
The $1b fund was launched in May 2017 with a mandate to invest in fintech & healthtech businesses outside China.
Grab’s new offering will allow both banked and unbanked senders to remit money instantly and securely to recipients in another country using their GrabPay wallets.
Bursa-listed Daibochi is a flexible packaging provider with manufacturing facilities in Malaysia and Myanmar.
Grab has forged a strategic alliance with United Overseas Bank Ltd (UOB), which entails an undisclosed investment from the lender into the ride-hailing unicorn.
In Singapore, mobile commerce is on track to overtake desktop commerce to be the most preferred channel in 2019 and will make up for 52 per cent of all online sales in the city-state.
The regional office will begin its operations in early 2019, where BVV will work with its key strategic partners including Singapore’s SGInnovate to bridge European and Asian investors and tech startups.