HONG KONG, Oct. 25, 2021 /PRNewswire/ — MioTech introduced right this moment that it has secured investments from J.P. Morgan Asset Administration and HSBC Asset Administration’s Monetary Know-how Enterprise Capital Fund. That is an extension to its newest sequence B+ funding spherical led by Guotai Junan Worldwide and GIC. The corporate’s earlier traders embrace ZhenFund, Horizons Ventures, TOM Group, Moody’s, and HSBC.
The brand new investments mark the fourth funding spherical MioTech has accomplished previously twelve months, additional solidifying MioTech because the main AI-based sustainability information and know-how supplier in Asia and throughout the globe. The brand new capital will go towards accelerating expertise acquisition, enlargement into new worldwide markets, in addition to creating present and new product traces. With rising regulatory stress and evolving investor, company and shopper demand, MioTech expects to seize fast-growing market wants for inexperienced tech and sustainability options with its proprietary applied sciences.
“MioTech is a world firm,” mentioned Jason Tu, Co-founder and CEO of MioTech. “J.P. Morgan Asset Administration and HSBC Asset Administration are world-renowned traders. Along with our present traders, they may assist us develop our enterprise traces and footprints throughout the globe. We look ahead to connecting China, Asia, and the entire world with our sustainable applied sciences.”
“We’re thrilled to develop into a strategic investor in MioTech and accomplice with the corporate to advance our sustainable investing efforts in China, with higher entry to a large and evolving vary of other ESG information units,” mentioned Jennifer Wu, World Head of Sustainable Investing, J.P. Morgan Asset Administration.
“MioTech’s potential to make the most of AI to assemble and assess unstructured ESG information units will present worthwhile inputs to our elementary analysis. It will improve our consideration of fabric ESG dangers and alternatives in our lively funding processes and assist us to help our international and China shoppers in making sustainable funding selections. With worthwhile experience into the ESG information and elements which can be distinctive to China, MioTech’s capabilities will even assist to advance the event of our proprietary quantitative ESG scoring system,” she added.
Remi Bourrette, Head of Enterprise and Development Investments, HSBC Asset Administration mentioned: “The monetary business is at a turning level the place it has began to embrace sustainability and now should totally embed it in its operations, product design and danger administration. We imagine MioTech’s know-how and options give it a definite benefit within the area and that the corporate will develop into a significant participant on this transition. We’re delighted to offer traders of our newly launched VC fund with publicity to such a promising firm in a key development space.”
MioTech makes use of synthetic intelligence to unravel the sustainability, local weather change, carbon emissions discount, and social accountability challenges confronted by monetary establishments, companies, and people. Its complete protection of ESG information helps monetary establishments make the precise selections in inexperienced finance and accountable investments. Its software program helps companies handle ESG reporting, enhance vitality effectivity, monitor and scale back carbon emissions. Its app builds green-conscious communities and promotes low-carbon life amongst people.
MioTech has places of work in Hong Kong, Shanghai, Beijing, and Singapore. Its world-renowned traders embrace ZhenFund, Horizons Ventures, TOM Group, Moody’s, HSBC, Guotai Junan Worldwide, GIC, J.P. Morgan Asset Administration, and HSBC Asset Administration’s Monetary Know-how Enterprise Capital Fund.
For extra data, please go to https://www.miotech.com
ABOUT J.P. MORGAN ASSET MANAGEMENT
J.P. Morgan Asset Administration, with belongings below administration of USD $2.7 trillion (as of 30 September 2021), is a world chief in funding administration. J.P. Morgan Asset Administration’s shoppers embrace establishments, retail traders and excessive internet price people in each main market all through the world. J.P. Morgan Asset Administration affords international funding administration in equities, fastened revenue, actual property, hedge funds, non-public fairness and liquidity.
JPMorgan Chase & Co. (NYSE: JPM) is a number one monetary providers agency based mostly in the US of America (“U.S.”), with operations worldwide. JPMorgan Chase had USD $3.8 trillion in belongings and USD $290.0 billion in stockholders’ fairness as of September 30, 2021. The Agency is a frontrunner in funding banking, monetary providers for customers and small companies, industrial banking, monetary transaction processing and asset administration. Underneath the J.P. Morgan and Chase manufacturers, the Agency serves hundreds of thousands of shoppers within the U.S., and lots of the world’s most outstanding company, institutional and authorities shoppers globally. Details about JPMorgan Chase & Co. is obtainable at www.jpmorganchase.com.
ABOUT HSBC ASSET MANAGEMENT’S FINANCIAL TECHNOLOGY VENTURE CAPITAL FUND
HSBC Asset Administration launched a brand new enterprise capital funding technique, the HSBC Monetary Know-how Enterprise Capital Fund, in July 2021 which is geared toward investing in firms that may take part within the transformation of monetary providers. The Fund gives shoppers with publicity to B2B firms which supply both software program or monetary providers to enterprises or establishments. It can usually take part in sequence A and B funding rounds of firms with enterprise exercise in Europe and Asia. The Fund is run by Remi Bourrette, Head of Enterprise & Development Investments and Kara Byun, Director, Enterprise & Development Funding.
HSBC ASSET MANAGEMENT
HSBC Asset Administration, the funding administration enterprise of the HSBC Group, invests on behalf of HSBC’s worldwide buyer base of retail and personal shoppers, intermediaries, corporates and establishments by each segregated accounts and pooled funds. HSBC Asset Administration connects HSBC’s shoppers with funding alternatives around the globe by a global community of places of work in 25 nations and territories, delivering international capabilities with native market perception. As at 30 September 2021, HSBC Asset Administration managed belongings totaling US$619bn on behalf of its shoppers. For extra data, see www.assetmanagement.hsbc.com/uk
HSBC Asset Administration is the model identify for the asset administration enterprise of HSBC Group, which incorporates the funding actions offered by our native regulated entity, HSBC World Asset Administration (UK) Restricted.