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Japan-Update

Yahoo Japan to boost investment in Southeast Asian startups

New joint venture fund will focus on IT-related fields

Yahoo Japan actively invests in IT-related startups, similar to parent company SoftBank Group.

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.

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