Comedian and actor Sam Richardson has starred as the “chief idea officer” in a Midea brand campaign … [+] this year. Midea It’s been a tough year for ties between the U.S. and China ...
Tag: Temasek
Singapore’s Temasek sees ‘reputational damage’ due to FTX, official says
Singapore’s government-owned investment firm Temasek has suffered a lot more than just financial losses due to investing in FTX, according to Deputy Prime Minister Lawrence Wong. Wong, who is al...
The FTX Collapse Caused “Reputational Damage” to Temasek Says, Wong
FTX’s collapse caused great losses to Temasek, a Singaporean holding company. According to Wong, Singapore’s reputation has been damaged. Further, Singapore intends to implement protection measures fo...
Singapore’s Temasek Reviewing FTX $275M Investment
FTX Temasek Review News: After writing off the $275 million investment into FTX, the Singapore authorities have initiated an internal review into the matter. On Wednesday, Singapore Deputy Prime Minis...
From Temasek to Genesis, here’s the direct impact of FTX failure on other corporates.
Over the first two weeks of November, crypto exchange FTX went from leading crypto exchange to a $16 billion bankruptcy – this year’s largest so far. Insiders, customers, the press, and re...
Investment Fund Temasek Victim of FTX Bankruptcy
In a formal statement released on Thursday, Temasek International, the public investment fund of Singapore, stated that it was writing down US$275 million it had invested in the defunct cryptocurrency...
Singapore’s Temasek Says Its $275 Million FTX Investment Is Now Worth Zero
Temasek, a Singapore-based global investment company possessing a portfolio that is worth $403 billion, is no longer interested in waiting for the outcome of FTX crypto exchange’s Chapter 11 bankruptc...
Singapore Government’s Temasek Writes Down $275M Investment in Collapsed Crypto Exchange FTX – Featured Bitcoin News
Singapore government’s Temasek has written down the full value of its $275 million investment in the bankrupt crypto exchange FTX. “Our belief in the actions, judgment, and leadership of Sam Bankman-F...
No red flags at FTX despite 8 months of ‘extensive due diligence:’ Temasek
Singapore’s state-owned investment firm Temasek revealed despite eight months of due diligence in 2021, it didn’t find any significant red flags in FTXs financials before deciding to invest $275...
Temasek writes off $200m+ after FTX liquidates – crypto.news
Per details from sources related to the story, Temasek lost over $200 million to the FTX run down. The fund was an investment in the cryptocurrency firm weeks before it imploded. Temasek to delete $2...
Singapore’s Temasek writes off $275 million FTX investment
Crypto news about FTX continue to dominate headlines, with the latest being from Temasek, a Singaporean sovereign wealth fund that says it’s written off its entire investment in bankrupt crypto exchan...
Singapore’s Temasek writes off $275M FTX investment, had misplaced belief in Sam Bankman-Fried
Singapore-owned investment fund Temasek said it was writing off its $275 million investment in the bankrupt crypto exchange FTX, according to a Nov. 17 press statement. According to the fund, it had ...
Singapore’s Temasek To Write Off $275M FTX Exposure
Editors News Notably, between October 2021 and January 2022, Temasek contributed $275M. Similarly, The Sequoia Capital team made the decision to fully write down last week. Organizations are continuin...
Singapore’s Temasek Says FTX Investment Now Worth Nothing
As the remains of FTX continue to circle the drain amidst a storm of cryptic tweets from the former CEO, more and more firms have taken the necessary measures to clear the air, announcing their lack o...
Temasek Says Its FTX Investment Is Now Worth Zero
“It is apparent from this investment that perhaps our belief in the actions, judgment and leadership of Sam Bankman-Fried, formed from our interactions with him and views expressed in our discussions ...
Temasek writes down $275 million investment in FTX
Temasek, Singapore’s sovereign wealth fund that manages about $300 billion, has written down all of its $275 million investment in FTX and FTX US. Temasek had invested $210 million for a 1...
Temasek, Sequoia, SoftBank take more the $600 million in FTX write-downs: Bloomberg
FTX investors including Temasek, Sequoia Capital and SoftBank are writing off hundreds of millions of dollars they poured in the now-failed exchanged, Bloomberg reported, citing people familiar. ...
An Initial Look at The Fallout from FTX’s Collapse
November 14, 2022, 4:37PM EST • 4 min read Quick Take Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion. This issue of Rapid Insights summarizes the latest d...
Singapore’s State Investor Temasek Is Engaging With Embattled Crypto Exchange FTX – Bitcoin News
According to a report published on Nov. 9, 2022, Temasek Holdings, the Singaporean state holding company owned by the government of Singapore is allegedly engaging with FTX amid Binance’s plans to bai...
Singapore State Investor Temasek Engaging With FTX For Bailout
There could be a surprising twist in the drama surrounding Sam Bankman-Fried’s insolvent crypto exchange FTX. As reported by The Straits Times, a possible government takeover by Singaporean state inve...
Singapore state investor Temasek engaging with FTX as a shareholder: Reuters
Singapore government-owned investment firm Temasek said it’s monitoring the situation with crypto exchange FTX, one of its investments, according to Reuters. “We are aware of the de...
Singapore’s Temasek leads investment in Chinese start-up Well-Link
In just three years, Beijing-based Well-Link Technologies has built a business on real-time cloud rendering, including helping miHoYo launch the cloud version of the hit game Genshin Impact. Ina Fassb...
Singapore’s Temasek to Lead Animoca’s $100M Funding Round
The blockchain gaming powerhouse – Animoca Brands – has raised $100 million in a funding round from Singapore state-owned Temasek. As per Bloomberg’s report, Temasek will be financing the round throug...
Singapore Investment Firm Temasek to Lead $100M Funding for Animoca Brands
Singapore-based investment firm Temasek Holdings is set to lead a $100 million funding round for the famous Hong Kong-based play-to-earn gaming platform Animoca Brands, Bloomberg reported Tuesday. Te...
Singapore’s state investor Temasek releases annual report for 2022
A signage for Temasek Holdings is displayed during a news conference following the company’s annual review in Singapore on July 9, 2019. Bryan van der Beek | Bloomberg | Getty Images SINGAPORE —...
Temasek prepping for tokenized crypto assets
The Bitcoin community got an elevated last year once it was rumored Singapore’s sovereign wealth fund had bought Bitcoin. The corporate highlighted that in an associate interview that they do not own ...
ADDX has partnered with Temasek subsidiary Fullerton
Singapore-based private market exchange ADDX has partnered with Temasek subsidiary Fullerton Fund Management to list Fullerton’s private equity fund of funds (FOF) on its digital platform, ADDX afores...
Singapore’s Keppel, SembCorp Marine Merging To Create World’s Biggest Oil-Rig Builder
A worker stands in front of the Floatel Triumph, a semi-submersible accommodation rig operated by … [+] Floatel International Ltd. and developed by Keppel Offshore & Marine Ltd.’s deep...