Temasek’s portfolio rebalancing and Tencent’s bet on hard tech are also in focus.

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The company was valued at $350 million in 2023.

Filings revealed that nearly all of the company’s revenue came from sale of wafers.

The Singapore-incorporated company and its subsidiaries reported a net profit of $31.6 million in FY2024.

In FY 2022, Sky Mavis had reported a loss of $18.9m, crippled by the crypto heist.

The investment is being made from its Dana Perintis programme.

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