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This Is Why Rich Asian Families Are Pouring Money Into Tech Startups

  • Families seek higher returns from early-stage tech firms
  • Attempt to diversify away from traditional investments
Updated on

In Hong Kong, 35-year-old Matthew Tai has been shifting part of his family’s fortune, built  by his father and uncles in real estate, into a string of digital startups.

Tai says he’s invested in crowd-funding platform FundHive, a producer of ultra-thin LCD screens called Organo-Circuit and recruitment website Freeboh. About 15 percent of his $70 million family office is in technology investments, compared with nothing two years ago.