Hong Kong fintech WeLab seeks funds at $2 bln valuation -Bloomberg
21/11/2022 09:04
Nov 21 (Reuters) - WeLab Ltd, a fintech company backed
by investors including Sequoia Capital and Hong Kong billionaire
Li Ka-shing, is weighing a new funding round that could value
the firm at about $2 billion, Bloomberg News reported on Monday.
WeLab, backed by investors like Allianz ALVG.DE and Li
Ka-Shing's Tom Group Ltd 2383.HK , is looking to raise $200
million to $250 million in the new round, Bloomberg reported,
citing people familiar with the matter.
(Reporting by Urvi Dugar in Bengaluru; Editing by Savio
D'Souza)
((UrviManoj.Dugar@thomsonreuters.com;))