By Juliet Shwe Gaung
With IFC’s loan support of up to $50m, NDB expects to provide access to finance to agriculture related MSMEs in Sri Lanka over the next five years.
Jinsong Zhang has been appointed as partner at global law firm Orrick while Omar Siddiq Amin Noer Rashid is the new head of RHB’s wholesale bank.
What sets Preferred Networks apart from the hundreds of other AI startups is its ties to Japan’s manufacturing might.
Yushan is a unit of Enterprize Energy, which owns a 40 percent net interest in the Hai Long Offshore Wind development in the Taiwan Strait.
It has previously raised seed financing from Spigen, an Amazon top 5 seller, BAM Ventures, Strong Ventures, among others.
Asian investors have backed US-based startups with Baidu joining Vesper round and Hyundai CRADLE investing in Metawave.
The fundraising activity in the region was buoyed by Singapore that accounted for 54 per cent of the funds closed and 58 per cent ($8.6 billion) of aggregate venture capital raised in South Asia since 2008.
The latest fund will explore opportunities in the wider Asian fintech market and blockchain technology.
Once Zcash begins trading on the Gemini exchange, it will be only the third currency to be granted approval to trade on the exchange, with Bitcoin and Ether being the two other approved currencies.
Son said the new fund could see a return of investors in the original Vision Fund, which include the sovereign wealth funds of Saudi Arabia and Abu Dhabi, Apple Inc and Hon Hai Precision Industry Co Ltd (Foxconn).