Web pioneers find a gem: Asia's first Internet venture-capital fund shrugs off regional blues
Article Abstract:
Hanson Cheah, Malaysian director of AsiaTech Ventures Ltd, says he is confident that Asia's first Internet only venture fund will be successful despite the economic turmoil in te region. The capital fund already has $20 million under its wing, $6 million of which was spent on three Silicon Valley companies and two Singapore companies. Cheah maintains that he plans to expand the fund to $100 million and that the economic turmoil in the region has eliminated weaker Internet companies.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Venture capital swells to bursting point in China as firms cash in on vital funds
Article Abstract:
Venture capital funds have become established as a $30 billion industry in Asia following the infusion of foreign investment in unlisted Asian firms. The trend accounted for the launch of 40 funds in the first semester of 1995, which has become a substantial funding reserve for countries that are not as active in the investment market. US-based venture capital firms have sought the Asian market as home market conditions tightened.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Asian companies seek funds overseas; banking woes force even healthy firms to find outside investors
Article Abstract:
The difficulty of obtaining financing from Asia's troubled banking system is compelling companies in the region to look for foreign investors. This has resulted in a bonanza for American and European firms, whose investments in Asian companies outside Japan have soared from $3.35 billion in 1997 to $8.14 billion in 1998. This figure may increase even further if venture capital firms decide to invest in Asia.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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