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."
