Temasek-backed firm kicks off fundraising

HONG KONG: A Temasekbacked Chinese genomics firm has kicked off its latest fundraising round with a target of up to US$200 million (RM862 million), drawing interest from investors including Hillhouse Capital Group and Sequoia Capital China. WuXi NextCODE is currently pitching the round to prospective investors. It plans to close fundraising in July. The proceeds from the latest fundraising round will be used to help build the firm’s genomics data platform, among others.