Temasek’s US$800m investment in obscure Google unit

In 2017, Verily secured U$800m from Temasek in exchange for a “minority stake” (Que the usual KPKBing from TOC and other cybernuts). Funny, they very quiet when earlier this year, Silver Lake (tua kee private equity tech investor) and Ontario Teachers’ Pension Plan (tua kee savvy investor) invested US$1bn for “minority stakes” in Verily.

What is Verily?

Verily is Alphabet Inc.’s research organization devoted to the study of life sciences. The organization was formerly a division of Google X, until August 10, 2015, when Sergey Brin announced that the organization would become an independent subsidiary of Alphabet Inc.

Wikipedia

It made $ in 2016: https://www.vox.com/2016/4/13/11586102/verily-alphabet-profitable. Nothing heard since then.

It is, often through partnerships with healthcare companies or universities, using health data for clues that might predict and prevent diseases. Tools it uses include search, AI, cloud services and other such high tech stuff.

Temasek has also been working with Google in this region: Indonesia: Temasek, Google & McKinsey singing from the same page.

Google joins Temasek in Go-Jek: Ho Ho Ho: Google agrees with Temasek.

Fyi, Temasek, GIC got this right in our backyard.

 

Cynical Investor

Cynical Investor blogs at Thoughts of a Cynical Investor

 

 

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9 Responses to “Temasek’s US$800m investment in obscure Google unit”

  • patriot of TUMASIK:

    The sight of ONE well painted Swallow does NOT make a Summer

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  • cut ans paste is plagiarism:

    wah lan eh.

    so blue bird also can post.

    got nothing original is it?

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  • PAP.GUARANTEE.WIN.GE2019/20:

    Dear Readers,
    Some readers are spreading biased news here just because he think Ang Mo Tua Kee and so the news reported are the truth, nothing but the truth.

    But the truth is, Ang Mo is most biased when reporting news concerning Asians.

    This is the biased news provided by a Ang Mo Tua Kee guy Oxygen here.
    https://www.theage.com.au/world/asia/shocking-scenes-of-hong-kong-police-crack-down-on-protesters-20190904-p52nop.html

    Who are the protestors? The truth, teacher mobilized students to protest.

    For those who understand Cantonese, listen to this angry celebrity mother who scolded her teacher for asking her son to go on the street to protest.

    香港藝人袁詠儀痛罵“老師”動員她兒子去示威
    https://www.youtube.com/watch?v=V3XrzKdYA_o&t=4s

    All of you who are keen on HK situation can follow the live streaming update here hk01.

    The masked, black shirt rioters, thugs going around harassing/attacking people who do not agree with them, are hero in the eyes of those Ang Mo Tua Kee like Oxygen and Western power.

    Singaporeans beware. Do not be make use of by instigator and be their canon fodder.

    PAP.GUARANTEE.WIN.GE2019/20

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  • Ang Moh Tua Kee pappy head:

    “If you are the smartest person in the room, then you are in the wrong room… He who knows all the answers has not been asked all the questions.”

    - Confucius

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  • oxygen:

    @ PAP.GUARANTEE.WIN.GE2019/20:

    OI OI OI, RUBBER-TAPPER aka durian picker from Bohlehland, NO NEED TO SPREAD YOUR TOXIC VICIOUS LIES HERE.

    Teachers mobilized students to protest?

    How come the PIGGY COPS DON’T BATON THE TEACHERS AND ARREST THEM INSTEAD? And whacked little defenceless innocent school kids in uniform carrying no banners or protest labels within school compounds?

    YOU ARE AN INCORRIGIBLE FARKING LIAR AND SPREADER OF FAKE NEWS in TRE AND POFMA REMAINS SILENT!!

    PAP.GUARANTEE.WIN.GE2019/20: Dear Readers,
    Some readers are spreading biased news here just because he think Ang Mo Tua Kee and so the news reported are the truth, nothing but the truth.

    But the truth is, Ang Mo is most biased when reporting news concerning Asians.

    This is the biased news provided by a Ang Mo Tua Kee guy Oxygen here.
    https://www.theage.com.au/world/asia/shocking-scenes-of-hong-kong-police-crack-down-on-protesters-20190904-p52nop.html

    Who are the protestors? The truth, teacher mobilized students to protest.

    and what is the truth? Even NON-PROTESTING FOREIGN TEACHER in Hong Kong got brutality attacked by these Carrie Lam’s triad members calling themselves law enforcers. Whose THUGS LAW is these triads enforcing?

    Here is the proof.

    Woman says she needed stitches on her head after Hong Kong police beat her at Siu Hong MTR station and she now supports probe into their use of force

    Teacher Rachel Smyth was returning to her home in Tuen Mun when she says she and others were beaten by police

    Smyth says she has not taken part in any anti-government protests, but now supports call for independent inquiry more than ever.

    https://www.scmp.com/news/hong-kong/politics/article/3025993/woman-says-she-needed-stitches-her-head-after-hong-kong

    SHE IS AUSTRALIAN AND THE AUSTRALIAN CONSULATE IN HONG KONG is upset with its citizen got badly injured by Carrie Lam’s thuggish police.

    WHY IS CARRIE LAM SILENT ON THIS THUGS’ ATTACK on non-interfering foreigners on PUBLIC TRANSPORT??

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  • Rabble-rouser:

    Actually very strange for Aphabet (Google) which is a very cash rich company to seek outsized financing from external investors ( SWFs, Pension funds) for Verily using minority stakes as a drawcard.

    You have to question Alphabet’s top management’s agenda! I mean, Waymo which is looking at Autonomous Vehicle technologies is a 100% subsidiary of Alphabet & their research were fully-funded inhouse. Of course, the intriguing prospects from commercialisation & thereafter, significant cash flows must be very promising! Ironically, both research units came out from Google X.
    https://en.m.wikipedia.org/wiki/Waymo

    If one tries to conceptualise the “cash flows” & potential returns from Verily, you get the feeling that it will be a cash drain vehicle (basically an R&D company with commercialisation questions) with little investor exit routes re: IPO/Buyout/Acquisition type of exit stratagies. Verily would probably have several more rounds of investor fund raising in exchange for minority stakes! (Money for paper certs) This type of investment can “make money, meh?” CI as usual barking up a wrong tree!

    Medical & Life science technologies have been a “black hole” ie. a huge embarrassment for S’pore govt both as the “Next Big Thing” which has gone quiet & as “sunk” investments for many years.

    First, S’pore embraced “Biotechnology” & even our much vaunted Local Tertiary Institutions had offered degrees course for Biotech. It has since all gone very quiet! Dunno what happened to all those Biotech graduates since.
    https://www.hays.com.sg/theinsidestory/HAYS_1956275

    Then there was the next big thing, the aspiration for S’pore to become a leading Biomedical Hub spearheaded by Philip Yeo from A*Star Science Agency. It started with a big bang but slowly turned into a farce. Philip Yeo had since been “exiled” to the outer fringe of the PAP universe. Read the story about Dr Simon Sharvon.
    https://www.ft.com/content/ec4f22dc-bc49-11db-9cbc-0000779e2340

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  • oxygen:

    COMICAL INVESTOR COULD CHANGE his handle to VIRGIN INVESTOR. Big boys buying into small technology start-up or tech business is NOT ENDORSEMENT of its technology survivalbility.
    ought
    NOT EVEN WHEN SOVEREIGN GOVERNMENT PUT IN GRANTS – funded out of taxpayer’s money – is safety insurance for other investors to join in.

    Here is one – HarvestRoad.com.au.

    OZ government pumped in tens of millions and AUSTRADE support its marketing reach on the assumption that it is a “SURE WIN” export bet for Australia.

    HarvestRoad was in the business of…Activities: Design, development and commercialisation of specialised content management software for online learning and knowledge management systems.

    Can’t remember now – either NUS or NTU bought its software, among other universities.

    https://www.delisted.com.au/company/harvestroad-limited

    HARVESTROAD IS NOW DELISTED.

    INVESTORS LOST EVERYTHING INCLUDING GRAME BARTY – the founder – all shareholders lost every cents.

    SO IN TECHNOLOGY, YOU EITHER DISRUPT OR WAIT TO BE DISRUPTED INTO EXTINCTION.

    VIRGIN INVESTOR will always be virgin of no learning.

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  • But:

    HK people so easily instigated ?

    Last time theres a saying someting like that ….

    Taiwanese smarter than sg. Then HK smarter than Taiwanese. Sg the most naive or ignorance. So how can so many Hongkies tio instigated. Cannot be ?

    Joshua wong not a very charismatic person

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  • Rabble-rouser:

    @ oxygen:
    Mate! VIRGIN? More likely DEFLOWERED INVESTOR like those 34,000 silly Hyflux cave-guys/cave-gals who kept loading up on their paper debt/equity “hybrid” instruments promising lifetime 6% pa. Now that 6% annual payout is a pipedream & the company itself essentially bankrupt! Olivia Lum, their Investor messiah turned out to be a devil-in-disguise!

    oxygen: COMICAL INVESTOR COULD CHANGE his handle to VIRGIN INVESTOR.

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