ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Companies

JG Summit to pump $50m into Southeast Asian startups

Move follows Ayala Corp. $150 million venture fund

JG Summit chief executive Lance Gokongwei wants his Philippine conglomerate to focus on a few high value big bets. (Photo by Lester Babiera)

MANILA -- Philippine conglomerate JG Summit Holdings announced the establishment on Friday of a $50 million fund to invest tech startups across Southeast Asia to "augment or disrupt" its own businesses.

"Digital is a key pillar to JG's future," JG Summit chief executive Lance Gokongwei said in a statement. "There is no shortage of ideas in the digital space, so we must focus on a few big bets that generate the most value."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more