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Oriente bags $387.5m (US$50m) in series B funding round
Co-Chairman of Henderson Land and Wix.com 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 Wix.com 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.
Oriente bags $387.5m (US$50m) in series B funding round
Co-Chairman of Henderson Land and Wix.com 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 Wix.com 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.
AXA releases first policy with dementia benefit
The plan has an annuity period of 10 to 20 years starting at the age of 50.
Insurance regulator grants virtual licence to OneDegree
It is the first to offer non-life insurance directly on a digital platform.
Deliveroo signs up over 1,500 new restaurants
The app also recently launched “PickUp” feature for users. Deliveroo has seen over 1,500 new restaurants join the platform since January, according to a press release. A 200% jump in restaurant sign ups was also seen in the past eight weeks, compared to the eight week period prior to this. In addition, Deliveroo also recently launched the “PickUp” feature enabling customers to order food ahead and pick up meals from restaurants saving customers’ time and money, and responds to the calls for more social distancing. The service also benefits restaurants by opening additional revenue streams, enabling restaurants to reach a new wave of customers. The PickUp feature allows people to order for collection from restaurants that may not provide delivery services, or order products that may not be suitable for delivery.
Standard Chartered's earnings recovery to be delayed by COVID-19: S&P
The group’s target 10% RoTE will likely be delayed beyond 2021. Standard Chartered Bank’s performance for the first half of 2020 will be dragged by the COVID-19 outbreak, as 40% of its operating income comes from its Greater China and North Asia (GCNA) segment, according to S&P Global Ratings.
Deloitte's Frank Li takes a look at the tech forces behind business transformation
Deloitte China’s tech sector leader shares how businesses can succeed and survive amidst economic uncertainty.
HSBC Life floats new QDAP mobile app
The app will help clients on early retirement and tax savings.
Mastercard, Dah Sing Bank, BBPOS launch mobile payment app for SMEs
Tap on Phone allows merchants to accept contactless card payments.
Ping An's CT imaging vehicle at Wuhan to help treat pneumonia related to 2019 nCov
Medical staff can perform lung CT scans faster for patients in quarantine.
HSBC Life extends nCov benefit programme to families of policyholders
Policyholders and families will receive complimentary benefits starting 1 February.
Sun Life Hong Kong floats new policies against coronavirus
They will be entitled to a waiting period waiver if diagnosed between 24 January to 30 April.
Teledentistry company SmileDirectClub expands to Hong Kong
The company specialises in remote teeth straightening therapy.
CityU, Deloitte and FORMS to develop blockchain-based credential ledger system
It can be used to verify the qualification of job candidates.
Freedom Foods Group bags Asian Export Award for MILKLAB Dairy Milk
The company’s MILKLAB Dairy Milk can texture and stretch with any type of coffee.
Tru Blu Beverages wins Asian Export Award for Soda Category
Australian Beverage manufacturer Tru Blu Beverages (Tru Blu) has won the coveted Asian Export Award 2019 in the Soda Category for its iconic premium Riviera Sparkling Fruit Drink.
HKR International's Victor Cha Mou Zing wins at HKB Management Excellence Awards
The CEO took home the Executive of the Year Award for Real Estate.
Herman Miller Asia Pacific bags Team of the Year Award for Furniture and Fixture
The renowned furniture manufacturer showcased its volunteer efforts and saw a whopping increase in revenue.
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