GIC's ex-chief economist to join Grab

THE former chief economist of GIC Leslie Teo will move to Grab to work on data science at the tech company, The Business Times understands. He will begin work at the ride-hailing firm from mid-...

Starbucks' Chinese rival raises $772m in US IPO

NEW YORK • Luckin Coffee, the Chinese challenger to Starbucks, on Thursday priced its initial public offering (IPO) at the top end of its targeted price range and sold more shares than planned, in...

GIC-backed Luckin Coffee seeks to raise up to US$510m in US IPO

SAN FRANCISCO (BLOOMBERG) - Luckin Coffee Inc, the ambitious startup that is challenging Starbucks Corp in the race to dominate China's growing coffee culture, is seeking to raise as much as US$...

GIC joins German mobile bank N26's US$300m funding round

SINGAPORE - Singapore sovereign wealth fund GIC is taking part in a US$300 million (S$406 million) fundraising by N26, which aims to build the first global mobile bank.

扩大对起步公司和风险创投领域投资 GIC与淡马锡去年投资总额增六成


GIC-backed digital wallet launched by dentist raises US$80m to drive expansion

SEOUL (BLOOMBERG) - Viva Republica, operator of the South Korean digital wallet Toss, has raised US$80 million from investors including Kleiner Perkins to propel its expansion into new areas such...

GIC is world's third most influential and powerful asset owner

SINGAPORE sovereign wealth fund GIC has made a dramatic ascent to became the world's third most influential and powerful asset owner after two large US pension funds.

GIC chief sees buying opportunity amid rout in emerging markets

The rout in emerging markets presents a potential buying opportunity, according to the chief executive officer of Singapore's sovereign wealth fund.

Portfolios of GIC, Temasek have grown over the years: Indranee Rajah in Parliament

SECOND Minister for Finance Indranee Rajah said in Parliament on Tuesday that Singapore sovereign wealth fund GIC and state investor Temasek Holdings have “made money over the long term” as their...

GIC led US$200m new funding round for Affirm

SINGAPORE-BASED global investment firm GIC has led a US$200 million Series E round of equity funding by financial services start-up Affirm Inc.