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5Y Capital closes more than $2bn of US-dollar, renminbi funds six months after rebrand from Morningside Venture Capital


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Chinese private equity house 5Y Capital, which rebranded from Morningside Venture Capital six months ago, has closed its latest dual-currency US dollar and renminbi fundraise on more than $2bn.
The funds hit their hard caps “in a very short time after initial launch”, the firm said, with the US dollar funds alone exceeding $1.7bn.
The dollar vehicles include 5Y’s early-stage venture fund and its first ever growth fund.
Firm founding partner Richard Liu said, “5Y’s priority has always been exploring and fostering what can bring long-term impact to the society.
“Today, information technology is unprecedentedly penetrating into all walks of life. Cloud computing, big data and artificial intelligence have led to changes in the underlying technology architecture. ....

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Singapore-based Thor Group achieves positive earnings for both Q4 2020 and Q1 2021 with unique two-pronged business model


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SINGAPORE, March 12, 2021 /PRNewswire/ Thor Group growing prominence in SEA and South Asia s entertainment sector has yielded the two-year-old firm positive earnings for both the fourth quarter of 2020 and the first quarter of 2021. The company says it owes the success to its innovative business model combining scenario-based consumption and merchandising operations by precisely targeting consumers based on their scenario-specific consumption habits.
Thor s product lines span three sectors that are going through a substantial amount of transformation in the Southeast and South Asian markets: gaming, finance and e-commerce. In 2020, the company experienced accelerated growth and expanded into a number of emerging markets, including Bangladesh, Egypt, India, Pakistan, the Philippines, Thailand and Vietnam, by providing consumers there with products that meet their evolving expectations. The approach served to deliver profits over ....

Hong Kong , Republic Of , Frank Lee , Thor Group , Prnewswire Thor Group , Hathor Network , Blackfish Technology , South Asia , South Asian , Lightspeed Venture Partners , Lightspeed China Partners , Rakuten Ventures , Morningside Venture Capital , Gobi Partners , China Growth Capital , ஹாங் காங் , குடியரசு ஆஃப் , வெளிப்படையான லீ , தோர் குழு , தோர் வலைப்பின்னல் , கருப்பு மீன் தொழில்நுட்பம் , தெற்கு ஆசியா , தெற்கு ஆசிய , ஒளி வேகம் துணிகர கூட்டாளர்கள் , ஒளி வேகம் சீனா கூட்டாளர்கள் , ரகுடென் முயற்சிகள் ,