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MARKETS & INVESTING | Staff Reporter, Hong Kong

Oriente bags $387.5m (US$50m) in series B funding round

Co-Chairman of Henderson Land and named as new investors.

Technology and data science company Oriente has secured approximately $387.5 (US$50m) in its on-going series B funding round, according to an announcement.

Co-chairman of Henderson Land Peter Lee has committed as the lead new investor whilst cloud-based website development platform has also participated in the funding round along with the existing investors.

The new capital will be used to enhance the company’s technology infrastructure, product suite and big-data capabilities, and drive expansion into new markets such as Vietnam, according to Oriente.

This follows the previously announced initial funding in November 2018, and a separate $387.5m (US$50m) debt funding facility from Silverhorn Group.

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