Philippines: Ayala launches $150m VC fund targeting tech innovations

Ayala Corporation Chairman and CEO Jaime Augusto Zobel de Ayala. Photo from company's Facebook page.

Philippine-listed conglomerate Ayala Corporation and its subsidiares are raising a new venture capital fund that will invest globally in new technologies, particularly in e-commerce, fintech, and healthtech, Chairman and CEO Jaime Augusto Zobel de Ayala said.

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