Thai govt approves tax break for VCs; plans a matching fund to promote tech startups

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“The government has approved these incentives because they would like to attract more VC funds to invest in Thailand. This will also help promote technology-based business to grow in Thailand more rapidly,” the minister said.

Vietnam Dealbook: New $1.3m startup fund launched; VinaCapital exits 21st Century

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Ho Chi Minh City has launched a $1.3 million fund to make investments in small tech companies. VinaCapital has divested its entire stake at 21st Century International Development JSC, a local real estate firm.


Intel’s sale of VC portfolio attracts interest from Coller Capital, HarbourVest, Lexington Partners

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Intel is working with UBS Group AG to sell part of the portfolio, which is made up of small- and mid-cap companies, with a combined valuation of over $1 billion.


Virtual company with no CEO, staff or mission may raise $200m, largest in crowdfunding

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DAO has no chief executive, no employees, and no set corporate mission. Yet it has raised 10.86 million in the ether currency, equivalent to about $131 million late on Tuesday, since it started its campaign two weeks ago. That is the largest by far raised via crowdfunding. It could well be the largest investment raised for a startup in the virtual-currency space.


Tiger Global axes stakes in three of its major tech bets: Amazon, JD.com, Apple

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The hedge fund axed its exposure to Amazon by about two-thirds to 1.04 million shares worth $619 million as of March 31. The firm cut its bet on JD.com, by about a quarter to 44 million shares, and reduced its Apple holding by almost half to 5.7 million shares, valued at $617 million.


China’s workout app KEEP $32m Series C from Morningside Ventures, GGV Capital

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Chinese workout mobile app KEEP has snapped up a $32 million series C funding round led by Hong Kong-based private equity and venture capital firm Morningside Ventures and multi-stage VC investor GGV Capital.


Singapore’s NRF awards $30m to CapitaLand, DeClout, Wilmar, YCH to invest in local startups

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The scheme is designed to encourage these enterprises to engage in corporate venturing, in order to source for new technologies and business models.


China’s TMT-focused Meridian Capital launches $305m fund

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Meridian Capital China raised an earlier fund of $183 million committed capital from the same anchor investors, in 2014.


Japan’s incubator ABBALab sets up $14m fund focused on Internet of Everything startups

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Japanese startup incubator ABBALab has launched a $14 million Internet of Everything (IoE) fund for Japanese startups.


Former U.S. Ambassador to Japan, ex-partner at Andreessen Horowitz launch $335m debut fund to bridge Silicon Valley and Japan

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Mitsubishi Corporation is the anchor investor, and other limited partners include Sumitomo Mitsui Banking Corporation, Mitsubishi Heavy Industries, The Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking Corporation, among others.