Australia’s Future Fund plans to hire a chief technology officer (CTO), part of whose remit will be to work with the investment team to develop technology solutions that support investment decision-making.
The newly created position is one of several changes to the sovereign wealth fund’s organizational structure. CEO David Neal said they were necessary to help Future Fund “become more nimble and streamlined...
Investors appear to be discounting Asia risk in the face of rising political concerns, ranging from North Korea to Myanmar
Chinese electric vehicle maker CHJ Automotive has completed a RMB3 billion ($474 million) Series B round led by Matrix Partners China and Shougang Fund, an investment firm backed by state-owned steel producer Shougang Corporation.
Naspers has sold a small portion of its stake in Tencent Holdings – the Chinese internet giant in which it acquired an approximately one-third stake for $32 million 16 years ago – for HK$76.9 billion ($9.8 billion).
Shunwei Capital has led a $25 million Series B round for ScaleFlux, a hardware firm based in the US and China.