Temasek

Temasek is a Singaporean state-owned investment company founded in 1974, one of Asia's largest sovereign wealth funds with a portfolio spanning multiple sectors and geographies. In the Chinese venture capital ecosystem, it operates through several vehicles: its venture arm Vertex Ventures China (祥峰投资), which has been active in China since 2008 and recently raised over 3.5 billion yuan for RMB-denominated funds ; and Pavilion Capital, which has backed tech companies like AI infrastructure firm Zilliz alongside other Chinese VCs . Temasek has also made direct investments in Indian tech, including ShareChat parent Mohalla Tech at a $5 billion valuation in 2022 . The firm has increasingly emphasized localization in China—adopting RMB fundraising and domestic investment structures—while maintaining its global footprint, as illustrated by its Beijing office's blend of international portfolio symbols (Mobike, Unitree robotics) with Chinese-themed meeting rooms named after the Four Great Inventions .