Funds aplenty: Singapore's two big government investors bought US$1bil (RM4bil) worth of Alibaba Group shares.
FRANKFURT/SINGAPORE: A succession of funding deals by deep-pocketed sovereign wealth funds have thrown a life preserver to some of the world’s biggest private tech firms whose high valuations have come under scrutiny in the past year.
Saudi Arabia and other Gulf States along with state-backed investors in Singapore and China have ploughed money into hot tech investments such as ride-sharing company Uber and Chinese Internet giant Alibaba and its private affiliates.
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