HONG KONG -- Singaporean sovereign wealth fund GIC and Chinese securities company Guotai Junan International are taking minority stakes in MioTech, a Hong Kong startup that uses artificial intelligence to generate data for asset managers and investors around Asia.
Jason Tu, co-founder and chief executive of MioTech, did not disclose the terms of the deal but said it was multiple times bigger than the previous three funding rounds and that more investment was in the offing. The startup's previous investment round was concluded in November 2020.
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