Ex-Alibaba exec's fund bets big on 'golden era' of ASEAN fintech

Ex-Alibaba exec's fund bets big on 'golden era' of ASEAN fintech

Photo by Jonas Leupe on Unsplash.

A Hong Kong-based private equity fund led by a former Alibaba executive is ramping up its bets on Southeast Asia’s financial technology sector, pushing to help promising startups become so-called unicorns by reaching valuations of over $1 billion.