Wai Hoong Fock

Managing Director at Temasek

📍 Singapore, Singapore🔄 Updated September 2026💼 17 investments📅 16 years investing🗓 Last invested Mar 2024
VC🌍 Singapore
17
Total investments
1
Early stage
1
Mid stage
5
Late stage
16y
Years active

Portfolio

10 investments · sorted by recency
All investments
Early stage
Mid stage
Late stage
Board Member
Mar 2024
Set up in 2015, Azalea is a wholly-owned subsidiary of Seviora, and indirectly owned by Temasek Holdings (Private) Limited. Azalea is in the business of investing in private equity (“PE”), with a focus on the development and innovation of new investment platforms and products. Its goal is to bring private assets to a wider investor base through a phased approach, starting with PE. It is also committed to educating the investing public. Starting with Astrea IV, the Astrea platform has placed these listed bonds into the hands of retail investors in Singapore, allowing them to use these PE bonds to diversify their portfolios. In 2019, the first Altrium PE fund of funds was launched, allowing local accredited investors access to high quality private equity managers. Altrium was designed for wider participation by lowering the investment amount and holding period.
Board Member
Aug 2022
Oatside’s mission is to provide a healthy, sustainable oat milk for people who don’t care for plant milks, by being incredibly delicious. As one of Asia’s only full-stack plant milk startups, Oatside is committed to delivering high quality oat milk from its state-of-the-art facility, ensuring that the process from oat to milk is sustainably-sourced and unadulterated for your enjoyment.
Board Member
Jan 2022
Watsons is Asia’s leading health and beauty retailer, currently operating over 8,000 stores and more than 1,500 pharmacies in 15 Asian and European markets. Watsons continually sets the standards in the health, wellness and beauty market, providing personalised advice and counselling in health, beauty and personal care on top of its market-leading product range, making customers LOOK GOOD, DO GOOD, FEEL GREAT every day. Since 2009, Watsons has been the No. 1 pharmacy/drugstore brand in Asia*. In Europe, Watsons is also the leading health and beauty retailer in the Ukraine. Watsons is part of A.S. Watson Group, the world’s largest international health and beauty retailer operating over 16,000 stores under 12 retail brands in 28 markets, with over 130,000 employees worldwide. For the fiscal year 2022, A.S. Watson Group recorded revenue of US$22 billion. Every year, it is serving over 5.5 billion shoppers via its O+O (Offline plus Online) platforms, providing tech-enabled retail experience to customers offline and online. *Campaign Asia-Pacific's Asia’s Top 1,000 Brands online study of over 8,000 respondents across 14 markets in Asia Pacific region.
Board Member
Jan 2022
AS Watson Group, the world’s largest international health and beauty retailer, is operating over 17,000 stores under 12 retail brands in 31 markets, with over 130,000 employees worldwide. For the fiscal year 2025, AS Watson Group recorded revenue of over US$26 billion. Every year, we are serving over 6 billion shoppers via our O+O (Offline plus Online) technology-enabled platforms. Together with our 12 retail brands including Watsons, Kruidvat, Trekpleister, Superdrug, Savers, Rossmann, Drogas, ICI PARIS XL, The Perfume Shop, PARKnSHOP, FORTRESS and Watson’s Wine, we set O+O (Offline Plus Online) as the new standard for retail. O+O is more about creating an integrated offline and online experience to better serve customers’ needs through digital transformation, that enables them to shop across any channel, anytime, anywhere. Every day, we work towards a clear purpose: To put a Smile on our customers’ faces today and tomorrow. Our success depends on our people staying ahead of the game. We believe that our attitude to teamwork and our encouragement for your personal growth comes shining through everything we do. We also know that our success as an employer isn’t just about influencing you on why you should join our business. It’s about asking you to imagine where it could take you.
Board Member
May 2021
Halodoc is a secure health-tech platform with a mission to simplifying access to healthcare by connecting millions of patients with licensed doctors, insurance, labs, and pharmacies in one simple mobile application. Halodoc’s innovative technology, nimble services, and patient focus enable a host of solutions including 24/7 doctor tele consultation via chat, voice or video; medicine purchase & delivery; lab services at home; and strong customer support. Halodoc is the 2018 Forbes Indonesia Choice Award winner and Galen Growth’s 2018 Most Innovative HealthTech Startup in Asia, a testimony to a team of compassionate, innovative, trustworthy and agile people who take ownership of their work in building the most trusted digital healthcare company. If you see yourself as a digital world enthusiast eager to create a better world by improving the healthcare system, come join us on this amazing journey in simplifying healthcare through our career page https://www.halodoc.com/karir or send your CV to humancapital@halodoc.com #wearehalodoc #halodoc #simplifyinghealthcare
Board Member
Mar 2021
Founded in 2015, the business of PT Social Bella Indonesia evolved from the leading beauty and personal care e-commerce in Indonesia to a large-scale and sustainable online and offline beauty and personal care ecosystem. The company now has multiple ever-expanding business pillars (1) Sociolla, the no.1 e-commerce in Indonesia for beauty and personal care, now equipped with more than 60 omnichannel stores across almost 40 cities in Indonesia and 12 omnichannel stores across 4 cities in Vietnam, (2) SOCO, a beauty super app that can help users enjoy a holistic beauty experience and be able to shop the way they like (3) Beauty Journal, the leading online media for beauty and lifestyle with O2O marketing services from upstream to downstream, (4) Lilla, the leading e-commerce created by moms for moms, with its first omnichannel store opened in 2022 and (5) SDI, a business unit that offers end-to-end distribution services for beauty and skincare brands, trusted by leading international brands. Social Bella was also awarded the Most Responsible Brand 2022 (E-Commerce Category) by Award4Change for its great initiative and commitment in implementing circular economy principles and responsible waste management in Indonesia. Social Bella is in first place on the LinkedIn Top Startup List in Indonesia in 2021 and sixth in 2022. The company was also listed on the Disruptor Award for the A-List: Forbes Indonesias Most Promising Growth-Stage Startups 2019 together with new up-and-coming startups. The award was announced at the Forbes Indonesia Digital Awards held by Forbes Indonesia as an event to gather up-and-coming entrepreneurs and tech startups.
Board Member
Jul 2020
ONE is Asia’s largest global sports media platform with a global broadcast to over 170 countries. According to Nielsen, ONE ranks amongst the world's top 10 biggest sports media properties for viewership and engagement. Through its marquee sports properties (ONE Championship and ONE Esports) and its passionate millennial community, ONE is a celebration of Asia’s greatest cultural phenomena, Martial Arts and Gaming, and the deep-rooted Asian values of integrity, humility, honor, respect, courage, discipline, and compassion. Since Day 1, ONE’s sacred mission has been to unleash real-life superheroes who elevate the world to dream more, do more, and be more in life. "The largest sports media property in Asia’s history."​ - FORBES "Asia's largest global sports media company."​ - CNBC "Asia's largest sports media property."​ - FINANCIAL TIMES Through our real-life superheroes and the magic of storytelling, we are on a mission to ignite hope, celebrate values, create dreams, inspire nations, and change the world. Group ONE Holdings (ONE) currently has offices in Singapore, Tokyo, Los Angeles, New York, Shanghai, Milan, Bangkok, Manila, Jakarta, and Bangalore. Institutional investors in ONE include Sequoia Capital, Temasek Holdings, Guggenheim Partners, Iconiq Capital, Cercano Management, Greenoaks Capital, and Mission Holdings.
Board Observer
Apr 2020
ShopBack started as a spark of inspiration one night in 2014 when Henry and Joel were brainstorming ideas in Henry’s car. That lightbulb moment — earning Cashback while shopping online — was just the beginning. Fueled by the countless possibilities, the team locked themselves in a hotel room for 24 hours to code the very first prototype. Their mission? To revolutionize shopping by helping advertisers market more cost-effectively, while making every purchase more rewarding for shoppers. Today, ShopBack is the leading shopping, rewards, and payments platform in Asia-Pacific, empowering 50 million shoppers across 13 markets. With 20,000+ partners and over half a million transactions daily, we’re redefining the way the world shops. As we expand globally, we’re looking for adventurous, driven individuals to help us build The World’s Most Rewarding Way to Shop : https://careers.shopback.com/ Merchants and brand partners interested in collaborating can connect with us here : https://corporate.shopback.com/partnerships
Board Member
Jan 2020
Créé en France en 2013, ManoMano est le leader européen spécialiste du bricolage, de la maison, et du jardin en ligne. Cofondé par Philippe de Chanville et Christian Raisson, ManoMano, en fédérant plus de 5 000 marchands, rassemble la plus grande offre de produits de bricolage & de jardinage en ligne, soit plus de 19 millions de références. La scale-up opère sur 6 marchés (France, Belgique, Espagne, Italie, Allemagne, Royaume-Uni). Parallèlement à ManoMano, nous avons lancé ManoManoPro en France en 2019. Spécialement conçu par, et pour, les professionnels du commerce, ManoManoPro est un service B2B dédié " unique en son genre " qui vise à leur faciliter la vie. ManoManoPro est désormais présent sur tous nos marchés (Espagne et Italie en 2020, Royaume-Uni et Allemagne en 2022).
Board Member
Mar 2017
AVPN is the worlds largest network of Social Investors active in Asia, with over 600 diverse members across 36 markets. AVPN enables collaborations between policy makers, family offices, foundations and the private sector to increase the impact & flow of capital deployed towards closing SDG gaps in Asia. AVPN’s mission is to catalyse the movement toward a more strategic, collaborative and outcome focused approach to social investing, ensuring that resources are deployed as effectively as possible to address key social challenges facing Asia today and in the future.
Experience · 21 entries
All (21)
Investments (17)
Board (17)
2024
Board Member
Mar 2024
Set up in 2015, Azalea is a wholly-owned subsidiary of Seviora, and indirectly owned by Temasek Holdings (Private) Limited. Azalea is in the business of investing in private equity (“PE”), with a focus on the development and innovation of new investment platforms and products. Its goal is to bring private assets to a wider investor base through a phased approach, starting with PE. It is also committed to educating the investing public. Starting with Astrea IV, the Astrea platform has placed these listed bonds into the hands of retail investors in Singapore, allowing them to use these PE bonds to diversify their portfolios. In 2019, the first Altrium PE fund of funds was launched, allowing local accredited investors access to high quality private equity managers. Altrium was designed for wider participation by lowering the investment amount and holding period.
2023
Board Member
Oct 2023
The Singapore Venture & Private Capital Association (SVCA) was formed in 1992 to promote the development and interests of the private capital industry. As the common voice of the private capital ecosystem across institutional investors, family offices, asset managers and service providers in the region, we promote the collective interests of our members and contribute towards the development of Singapore as a leading global hub for private capital fund management. MISSION As the common voice of the private capital ecosystem across institutional investors, family offices, asset managers and service providers in the region, we promote the collective interests of our members and contribute towards the development of Singapore as a leading global hub for private capital fund management. VISION Through proactive outreach, engagement, collaboration and expansion of our member base, we will further the development of a vibrant private capital ecosystem in the region and harness the power of private capital towards the achievement of the sustainable development goals. Key Exclusive Membership Benefits: - Direct Channel to Relevant Authorities and Decision Makers through regular feedback/dialogue - Exposure and Recognition in the Investment Community - Event Partnership Opportunities with SVCA - Exclusive Invites to Member Only Events - Unfettered Access to the Regional VC/ PE Community - Discounts to Supporting Events & Related Services
2022
Board Member
Aug 2022
Oatside’s mission is to provide a healthy, sustainable oat milk for people who don’t care for plant milks, by being incredibly delicious. As one of Asia’s only full-stack plant milk startups, Oatside is committed to delivering high quality oat milk from its state-of-the-art facility, ensuring that the process from oat to milk is sustainably-sourced and unadulterated for your enjoyment.
Board Member
Jan 2022
Watsons is Asia’s leading health and beauty retailer, currently operating over 8,000 stores and more than 1,500 pharmacies in 15 Asian and European markets. Watsons continually sets the standards in the health, wellness and beauty market, providing personalised advice and counselling in health, beauty and personal care on top of its market-leading product range, making customers LOOK GOOD, DO GOOD, FEEL GREAT every day. Since 2009, Watsons has been the No. 1 pharmacy/drugstore brand in Asia*. In Europe, Watsons is also the leading health and beauty retailer in the Ukraine. Watsons is part of A.S. Watson Group, the world’s largest international health and beauty retailer operating over 16,000 stores under 12 retail brands in 28 markets, with over 130,000 employees worldwide. For the fiscal year 2022, A.S. Watson Group recorded revenue of US$22 billion. Every year, it is serving over 5.5 billion shoppers via its O+O (Offline plus Online) platforms, providing tech-enabled retail experience to customers offline and online. *Campaign Asia-Pacific's Asia’s Top 1,000 Brands online study of over 8,000 respondents across 14 markets in Asia Pacific region.
Board Member
Jan 2022
AS Watson Group, the world’s largest international health and beauty retailer, is operating over 17,000 stores under 12 retail brands in 31 markets, with over 130,000 employees worldwide. For the fiscal year 2025, AS Watson Group recorded revenue of over US$26 billion. Every year, we are serving over 6 billion shoppers via our O+O (Offline plus Online) technology-enabled platforms. Together with our 12 retail brands including Watsons, Kruidvat, Trekpleister, Superdrug, Savers, Rossmann, Drogas, ICI PARIS XL, The Perfume Shop, PARKnSHOP, FORTRESS and Watson’s Wine, we set O+O (Offline Plus Online) as the new standard for retail. O+O is more about creating an integrated offline and online experience to better serve customers’ needs through digital transformation, that enables them to shop across any channel, anytime, anywhere. Every day, we work towards a clear purpose: To put a Smile on our customers’ faces today and tomorrow. Our success depends on our people staying ahead of the game. We believe that our attitude to teamwork and our encouragement for your personal growth comes shining through everything we do. We also know that our success as an employer isn’t just about influencing you on why you should join our business. It’s about asking you to imagine where it could take you.
Show all 21 entries ↓
Investment activity
2010–2024 · 17 investments
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