Singapore’s $400 billion fund sees companies with World Changing technology from both China and Silicon Valley

Singapores sovereign wealth fund GIC Pte is one of the largest public sovereign wealth fund in the world and manages over $398 billion.

The fund is giving it equal attention to Chinese technology companies and to Silicon valley technology companies.

GIC invested in Alibaba before its 2014 IPO — the stock has since almost tripled — and also backs smartphone maker Xiaomi, which plans to go public this year with a valuation of as much as $100 billion.

As the value of GIC’s technology assets grow, it is also seeking insight into disruptive innovations that may shape the future. The fund’s investments in technology, media and telecommunications rose to 20 percent of all equity investments last year from 3 percent in 2009.