TOKYO -- Yahoo Japan looks to invest more venture capital into Southeast Asia, launching a fund in the second half of the year with a major Indonesian conglomerate.
Yahoo Japan's venture capital unit will team with Indonesia's Sinar Mas Group and East Ventures, a Tokyo-based firm targeting early stage startups. The investment war chest totaling 15 billion to 20 billion yen ($141 million to $188 million) will go toward Southeast Asian startups in information technology and related fields, providing at least several hundred million yen per investment.
