Hong Kong fintech giant's latest funding round is quite substantial. Just secured $220 million, the largest funding round since its inception. The investment lineup is quite luxurious—HSBC Holdings, Prudential Hong Kong, Fubon Bank (Hong Kong), Hong Kong Investment Company, Allianz X, TOM Group, and other institutions have all placed bets. Interestingly, this round of financing includes not only equity investment but also debt financing, taking a dual approach.
What will the money be used for? The main goals are clear: one is to vigorously expand the Southeast Asian market, and the other is to
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