Asian bourses look to join Spacs craze despite governance concerns

Investors have poured almost $3bn into Spacs focused on acquiring Asian companies this year, nearly doubling the amount committed during all of 2020, according to Dealogic.

Richard Li, the billionaire son of Hong Kong tycoon Li Ka-shing, has set up Spacs with US tech investor Peter Thiel to back south-east Asian companies © Bloomberg