Crypto investor weighs Forest City tech campus revival after Network School shutdown
A MALAYSIAN crypto investor is considering reviving the technology campus abandoned after the abrupt collapse of Balaji Srinivasan’s Network School, potentially giving Forest City a second chance to position itself as a regional technology hub. Jeff ...
Malaysian crypto investor Jeff Yew is contemplating the revival of the abandoned Forest City technology campus, previously home to Balaji Srinivasan’s Network School. The former head of Binance Australia is considering establishing his own technology campus in the US$100 billion development in southern Malaysia, with a distinct approach focused on developing local talent while attracting entrepreneurs and technology specialists from overseas.
Yew’s proposal aims to breathe new life into the vacant campus and support Forest City’s broader efforts to overcome sluggish sales and position itself as more than just a futuristic property development. The Malaysian government has designated Forest City as a special financial zone aimed at attracting family offices, with assets under management totaling approximately RM670 million.
Despite challenges such as sluggish property sales and the financial difficulties of its Chinese developer, Malaysia remains committed to moving up the technology value chain and building a higher-value digital economy, targeting an AI nation by 2030.
Written by urgent.news from The Vibes's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
