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UOB's private equity arm co-leads $42m investment in Thai fintech

SINGAPORE (THE BUSINESS TIMES) - UOB Venture Management, the private equity unit of UOB, has co-led a US$31 2 million (S$42 2 million) Series A funding round for Bangkok-based fintech start-up Lightnet

The largest investors in the round were UOB Venture Management, Hanwha Investment and Securities, and Seven Bank Other investors included Singapore-based Hopeshine Ventures, Signum Capital and Du Capital Uni-President Asset Holdings and HashKey Capital rounded off the list of investors

The good, the bad and the ugly of a Chinese state-backed digital currency

"In a bear market for crypto we make friends; in a bull market we make money," said Rae Deng, founding partner of Du Capital, a crypto investment firm based in Singapore

Deng said at CNBC’s East Tech West conference in the Nansha district of Guangzhou, China she sees another flourishing crypto scene coming, with more Chinese investment striding to the market after Beijing suddenly announced plans to embrace blockchain technology

Blockchain: Plan B for development finance?

Editor's Note: Rae Deng is a founding partner of Du Capital and Cheng Cheng is a chief economist of Made in Africa Initiative foundation

Blockchain – a decentralized ledger and database that is cryptographically secured, immutable and trustworthy – came into sight It is not a panacea, but the nature of the technology prepares it to be the antidote to the aforementioned chronic pains in development finance

China’s crypto boom is expected to be less ‘fragmented’ as government backs blockchain efforts

China’s policy shift may look from the outside like an abrupt move to capitalize on a trend, but it fits squarely in Xi’s long-term plan for “industrialization of the digital economy,” added Rae Deng, partner at DU Capital, who was on the same panel discussion at the East Tech West conference

Peter Du: A Variety of Factors Led to the Collapse of Crypto Markets Last Year

Du Capital founder, blockchain expert and experienced ICO investor Peter Du believes that the unrealistic expectations around new blockchain technologies is one of the main reasons why crypto markets are in the state they are in today

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