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Paul Allen’s Vulcan Capital enters Singapore with US$100 million to invest in Southeast Asia start-ups

Vulcan Capital, the investment house of late Microsoft Corp. co-founder Paul Allen, has opened its first international office in Singapore. The multibillion-dollar fund intends to invest an initial $100 million across Southeast Asian start-ups.Vulcan Capital is an unusual addition to the city state’s investment scene. It is part of Vulcan Inc., which oversees the billionaire’s holdings and supports his causes in everything from elephant conservation to artificial intelligence research. Chief… Source link

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Vietnam 

Chinese firm to invest in $2b factory in Thanh Hóa – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A view of Nghi Sơn economic zone in the central Thanh Hóa Province.— Photo tbck.vn HÀ NỘI — Chinese steel firm Mintal Group Co. Ltd has expressed a desire to build a US$2 billion Ferocrom, stainless steel and non-ferrous metal factory in central Thanh Hóa Province’s Nghi Sơn economic zone. The issue was discussed during a recent meeting between Mintal Group’s representatives and the Provincial People’s Committee (PPC). Specifically, the group will invest in a Ferocrom factory with a capacity of 1.5 million tonnes per year in the first phase and a…

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Ping An Insurance to list three unicorns ‘when timing is right’, invest US$1.4 billion in tech units

Ping An Insurance (Group), buoyed by the successful listing of its first unicorn, Ping An Healthcare and Technology in April last year, plans to list three other start-ups valued at more than US$1 billion “when the timing is right”.The company also said that it had budgeted an investment of 10 billion yuan (US$1.42 billion) for 2019 to expand its technology businesses.China’s largest online medical services app, better known as Ping An Good Doctor, raised HK$8.77 billion (US$1.12 billion) in… Source link

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Chinese chip maker Loongson Technology to invest US$2.1 billion in a new smart industry park in Zhejiang as China pushes for tech self-reliance

Chinese chip maker Loongson Technology plans to invest 15 billion yuan (US$2.1 billion) for a smart industry park in China aimed at attracting smart devices manufacturers and research and development enterprises, as the country pushes for self-reliance in advanced technologies amid increasing efforts by the US to contain China’s tech development.Located near the Yiwu international trade comprehensive reform pilot area in Jinhua city, Zhejiang province, the park will cover an area of over 5.3… Source link

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Vietnam 

VN needs to invest more in agricultural processing sector – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Đăng Phúc Nguyên, general secretary of the Việt Nam Fruit and Vegetables Association Việt Nam’s exports of farm products, fruits and vegetables in particular, have been rising consistently. But they are exported mainly as raw and fresh items, offering low value addition. Besides, poor harvesting and post-harvest preservation technologies result in a further decline in value. With increasing competition in the global market, the country needs to invest heavily in deep processing of fruits and other farm produce to increase exports as well as…

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Vietnam 

Vietnamese firms invest $278 million abroad – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  People in Timor-Leste register for Viettel’s 4G SIM card. Photo enternews.vn   HÀ NỘI — Vietnamese enterprises poured US$278 million in 30 countries and territories in the first seven months of this year, the Ministry of Planning and Investment’s Foreign Investment Agency said in its latest report.  During the period, the firms received investment licences for 90 new projects worth $180 million. They were also allowed to raise their investments in 21 underway projects by $97.3 million. Spain attracted the largest share of Vietnamese investments in the seven months with $60 million, accounting for…

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Vietnam 

500 Startups Vietnam to invest in 100 businesses by 2020 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  More than 100 technology entrepreneurs and business founders attended “Secrets to a Great Growth Funnel” workshop at Kafnu Hồ Chí Minh on July 24. — Photo courtesy of the organiser HCM CITY — 500 Startups Vietnam, a member of the US venture capital firm 500 Startups, targets investing in up to 100 Việt Nam-connected startups by 2020 under its Saola Accelerator programme. The programme will invest US$100,000 in each company and help them build companies at scale.  The criteria for “Việt Nam-connected” startups includes serving the Việt Nam market, having a Vietnamese co-founder, and/or having a meaningful portion of the team…

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To tackle unemployment among graduates and youth anger, invest in innovation and education

The expansion of university education in the last few decades has enabled millions of school leavers to continue their education in university. This is to be applauded. However, it has given rise to a new problem. Millions upon graduation cannot find the jobs they are trained for. This is part of their frustration and anger with the government and society.There are two sides to the problem. From the supply side, with the mushrooming of universities, especially profit-oriented ones, their… Source link

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Sino-Ocean to invest up to 8 billion yuan in new fund targeting mainland logistics, warehousing

Sino-Ocean Capital, the investment arm of mainland developer Sino-Ocean Group, is planning a new fund to tap into growing ­demand for warehousing properties amid the continuing rise of ­e-commerce.The company plans to launch a 3 billion to 5 billion yuan (US$436.1 million to US$726.9 million) fund to acquire logistics properties in the second-half, said Lin Chuan, managing director of Sino-Ocean Capital, who oversees its private equity business.“Real estate lies deep in Sino-Ocean’s DNA. One… Source link

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Fund co-founded by Chinese electric-vehicle maker NIO shrugs aside US-China trade war, to invest in top tech globally

NIO Capital, the technology fund co-founded by Chinese electric-vehicle manufacturer NIO, is shrugging aside the US-China trade war to pursue investments in leading technologies in the new-energy vehicles sector.Ian Zhu, the company’s managing partner, said in an interview NIO Capital was pursuing investments with a “global perspective and open attitude”, and was eyeing only top technologies with the potential of reshaping the transport and energy sectors globally.“We are not short-sighted,… Source link

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