Singapore's Tembusu teams up with Chinese entrepreneur Shengdong Pang
Singapore-based private equity firm Tembusu Partners has teamed up with Shengdong Pang, founder of Chinese start-ups 2345.com and 51.com, to build ties between nascent software companies in China and Southeast Asia.
Pang, who has a published net worth of $1.2 billion, has agreed to invest a seven-figure sum in Tembusu ICT Fund I, which makes early-stage software investments in South and Southeast Asia. Launched in...
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