Japan's GMO VenturePartners eyes SEA with US$12mil fund
- GMO VenturePartners establishes US$12mil undertaking fund for SEA vicinity
- Specific consciousness on helping startups in marketing, e-trade, fee processing and phone offerings
THE fashion of Japanese corporations increasing their interest and funding in the South-East Asia location maintains with the addition of GMO VenturePartners to the listing.
Tech In Asia first said the Japan-primarily based funding agency’s recent statement of a US$12-million task fund, which became installed in September, to look at opportunities inside the location.
The fund has a specific attention on assisting startups within the advertising, e-trade, fee processing and phone services space; with the primary recipient being Coda Payments, a Singapore-based totally startup dealing in micropayments, for an undisclosed sum.
The assertion [in Japanese] additionally stated that that the business enterprise is exploring the South-East Asia area as it sees similarities in the modern-day country of the area’s Internet market and what become taking place in Japan in the early 2000s – making the vicinity of strategic importance for the business enterprise.
Tech In Asia additionally located that GMO isn't the best Japanese business enterprise taking a closer take a look at South-East Asia.
It suggested that GREE Ventures, the investment arm of Japanese video games enterprise GREE, also has a fund targeting the location, with a special attention on Indonesia. Mobile portal and e-commerce agency DeNA has also been looking at the place and has made a few movements in Vietnam.
In addition, CyberAgent Ventures is active in Indonesia with an investment in Bilna.com and Vietnam.
It is not best the startup area that has been getting more attention from Japanese companies.
In a file for Reuters by using Stuart Grudgings, a Reuters Corporate Survey accomplished after the current tensions between the nations over disputed islands, discovered that nearly a quarter of Japanese producers are re-wondering their China investment plans.
Japan's tsunami catastrophe and the Thailand floods ultimate yr additionally supplied some other reminder of the need to diversify operations to avoid a rift in worldwide supply chains.
According to Reuters, data from Japan's Finance Ministry indicates the u . S .’s foreign direct investment (FDI) into the ten-u . S . Association of South-East Asian Nations (Asean) extra than doubled last 12 months to a record ¥1.fifty five trillion (US$$12.9 billion).
Japan's net FDI into China continues to be growing, leaping 60% in 2011 to a document ¥ 1 trillion (US$12.2 billion).
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