Temasek Holdings continued its rapid pace of investment over the past year as the portfolio reached a new record high valuation, but the Singapore investor warned of potential difficulties ahead, noting that the global economy is in a “fragile state.”
After bouncing back sharply from a retraction in 2020, the portfolio continued its ascent, reaching SGD 403bn (USD 297bn) for the 12 months ended March, up from SGD 381bn in 2021. The one-year shareholder...
The Carlyle Group has applied for regulatory approval to acquire a 26% stake in Taiwan-based sushi chain Zhengxian, also known as Sushi Express.
Hong Kong-based insurer FWD Group and Malaysia’s Artem Ventures have set up a MYR 45m (USD 10.2m) VC fund focused on insurance technology and Islamic financial technology in Malaysia.
DeHaat, which claims to be India’s largest full-stack agricultural technology platform, has closed its Series E round on USD 60m. Sofina and Temasek Holdings were the lead investors.
Temasek Holdings has launched an internal review into the circumstances that led to its investment in collapsed cryptocurrency exchange FTX, but Singapore’s deputy prime minister refused to criticise the organisation’s governance structures.