WELAB, backed by investors including Sequoia Capital and billionaire Li Ka-shing, is weighing a new funding round that could value the Hong Kong-based fintech firm at about US$2 billion, said sources.
STANDARD Chartered expects Asia and the Middle East to outperform other regions, even as spiralling inflation and a spike in borrowing costs risk tipping major global economies into a recession next year, a senior executive at the bank said.
