E-Commerce and Logistics Boom Continues to Attract Government Funds

November 09, 2016 by Loch Adamson

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A screenshot of shopping app Wish. This week: Government and sovereign wealth funds provided more capital to innovative startups and continued on their logistics properties binge. And South Korea’s NPS grapples with high staff turnover ahead of its office move in February 2017. Asian Government Funds Fill their Online Shopping Basket, Again Two government investors very active in the Bay area - Singapore’s Temasek Holdings and Malaysia’s Khazanah Nasional – continue to push the expansion of e-commerce startups. Last week Temasek reportedly led a capital raise on behalf of San Francisco-based ContextLogic and Khazanah plowed capital in Austin-based Phunware. Temasek Holdings, which is establishing an office in San Francisco before the end of 2016, and Khazanah, with a presence in the city since 2013 – are concentrating their growth capital efforts on firms focused on e-commerce. Internet sales are on track to reach $1.9 trillion in 2016, representing…

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