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Business deals

Moody's takes stake in Hong Kong fintech startup MioTech

Tighter regulations and coronavirus pandemic spur ESG awareness in greater China

MioTech's algorithm-driven services tap into databases to help evaluate companies -- and their suppliers and shareholders -- on ESG. (Screenshot from MioTech's website)

HONG KONG -- Financial services firm Moody's on Thursday said it acquired a minority stake in MioTech, a Hong Kong-based fintech startup that uses artificial intelligence to generate data for asset managers and investors in the greater China region.

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