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Singapore’s ‘old economy’ stock market misses global tech rally
Index underperforms Asian peers as pandemic hits legacy businesses.
4 mins read
Investment
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VC firms have poured more than USD 80 billion into Asian travel and mobility tech startups from 2010 to 2019.
Vision Fund chief Rajeev Misra and COO Marcelo Claure removed from board.
Lure of big returns remains despite reminder of Beijing’s power.
Payment services startup Paytm, cab-hailing major Ola, and hospitality giant Oyo have seen their valuations fall over the last few quarters.
SoftBank’s investment vehicle steps away from winner-takes-all playbook.
The company wants to increase efficiency and cut costs for real estate brokers and homebuyers.
The region’s digital economy is expected to reach USD 100 billion by 2025.