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October 4, 2023 Grandpa clocks in
According to Nikkei Asian Review, citing people familiar with the matter, Singapore-based Whampoa Group will launch a US$100 million venture fund by the end of this year as global crypto trading volumes gradually recover. Don’t underestimate this Huangpu Group. Since its establishment 10 years ago, it has invested in many successful large companies, including Binance and ByteDance. According to public information, Whampoa Group is a large investment group jointly established by Lee Han-shi, a descendant of the Lee Kong Chian family, the largest shareholder of Overseas-Chinese Banking Corp., Singapore's largest private bank, and Lee Yun-ying, Lee Kuan Yew's niece.