We are pleased to announce that our portfolio company, WeLab, has successfully closed a US$220 million Series D funding round. This represents the largest digital banking capital raise in Asia in 2025.

The round is supported by a diverse consortium of new and existing investors and strategic partners, including Prudential Hong Kong, Fubon Bank (Hong Kong), Hong Kong Investment Corporation Limited (HKIC), TOM Group, Allianz X, and HSBC Hong Kong. This capital infusion will accelerate WeLab's mission to provide AI-powered financial services to 500 million users by 2032.

**Strategic Focus for Growth**
The funding will support three core strategic priorities:
- **Market Expansion:** Accelerating growth and capturing opportunities across Southeast Asia.
- **Product Innovation:** Developing new business lines and enriching the company's diversified financial product ecosystem.
- **Platform Excellence:** Enhancing products and technology to build Asia's leading regional digital bank.

This milestone underscores WeLab's strong market position and execution capability as it continues to redefine digital banking across the region.