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Business trends

Bloomberg challenger Symphony sets sights on Asia

Startup blends chat and financial data, closes in on industry leader

Symphony CEO David Gurle

TOKYO -- Financial data and chat startup Symphony looks to make Asia the next front in its war on industry leader Bloomberg, sensing strong opportunities in growth markets such as China and India as well as outside the financial sector.

Symphony Communication Services launched in 2014, backed by a consortium including some of the biggest names in American finance such as Goldman Sachs and Citigroup. Google and others joined later, handing the company a hefty $230 million in capital. Venture capital research firm CB Insights estimates Symphony's worth at $1 billion.

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