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Khazanah invests in China’s WeLab, eyes growing consumer loan market


Khazanah Nasional Bhd executive director, investments & head of investments Dominic Silva (left) and managing director Tan Sri Azman Mokhtar speaking at a press conference in conjunction with the company’s 12th Annual Review on Jan 13.

Khazanah Nasional Bhd executive director, investments & head of investments Dominic Silva (left) and managing director Tan Sri Azman Mokhtar speaking at a press conference in conjunction with the company’s 12th Annual Review on Jan 13.


KUALA LUMPUR: Khazanah Nasional Bhd has invested in WeLab, one of China’s largest mobile lending and credit analytics platforms, to gain exposure to the country’s growing consumer loan market.

The sovereign wealth fund said on Wednesday its special purpose vehicle, Bukit Galla Investments Ltd. and several other parties were in a US$160mil Series B fundraising exercise.

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