Singapore's Temasek leads a $40 million funding round in a Chinese startup
In just three years, Beijing-based Well-Link Technologies has built a business on real-time cloud rendering, including helping miHoYo launch the cloud version of the hit game Genshin Impact. Ina Fassbender | Afp | Getty Images BEIJING — Singapore state investment firm Temasek is leading a $40 million funding round in a Chinese startup despite a dry spell of deals in the country. The startup, Well-Link Technologies, counts Chinese tech company Xiaomi and Chinese gaming star miHoYo as investors, according to business database Tianyancha. related investing news The perils and promise of quantum computing are nearing. Here are ways to invest Hugh Son 2 days ago The $40 million deal announced Monday is an early-stage, or B2 round, led by Temasek and includes existing shareholders Future Capital and VGC. Temasek confirmed the deal in an email. The Singapore firm's publicly disclosed exposure to China has declined over the last two years, from 29% in 2020 to 22% as of this March. As of l...