Singapore’s GIC invests in Aichi logistics facility developed by Daiwa House Industry

GIC, a Singapore-based investment firm, has announced that it will acquire a logistics facility in Yatomi city, part of the Greater Nagoya metropolitan area.

Korean digital content distribution firm RIDI gets $100B funding led by Singapore’s GIC

RIDI Corporation has signed definitive agreements to receive an investment of KRW 120 billion ($100 million) led by Singapore’s sovereign wealth fund GIC. Korea Development Bank, NVESTOR, and Atinum Investment also participated in this investment. As a result, RIDI has been recognized as the first unicorn startup in Korea’s content platform industry with an…

GIC-backed VNG mulls $3 billion SPAC listing – report

VNG’s potential listing plan also came as more Southeast Asian tech firms were planning US listings through mergers with blank-check companies.

Indonesia e-commerce unicorn Bukalapak receives backing from state-owned banks in a $234M venture round  

The company plans to use its fresh capital to increase its user base of warungs (mom and pop stores), micro, and small businesses in Indonesia. The company’s strategic partnerships with both state-owned banks will also give its user base access to more products and services that the banks offer.