Lazada Makes a Strategic Investment in TNG eWallet

 


Touch 'n Go today announced that the TNG Digital company under them that manages the Touch 'Go eWallet digital wallet, has received the latest investment fund injection of RM750 million.


This new investment fund injection, led by Lazada Group. It is not known how much equity is held by Lazada through the injection of this new investment fund.


In addition to the investment by Lazada, a number of TNG Digital's existing shareholders also made additional investments this time.


With this new investment fund, in the past 18 months, TNG Digital has raised more than RM1 billion in funds. Now, apart from Lazada, TNG Digital's shareholders include Ant Group, and AIA Group.

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