Kairous Capital, a venture capital firm headquartered in Malaysia, has signed two Memoranda of Understanding (MoU) with Digital Way Group and China Silk Road Group to establish the Malaysia-China Digital Cooperation Council (MCDCC) and the Malaysia-China Digital Cooperation & Development Fund.
The MCDCC aims to promote long-term collaboration between Malaysian and Chinese companies in technology and innovation.
The Malaysia-China Digital Cooperation & Development Fund will invest up to MYR1 billion ($226.28 million) in digital technology sectors, including digital applications, industrial big data, advanced manufacturing technology, industrial technology, and other sectors in Malaysia and China.
The signing ceremony was held at the Malaysia-China Business Forum in Beijing, China, and was attended by Malaysia’s Prime Minister Anwar Ibrahim and several government ministers. Kairous Capital’s Managing Partner, Joseph Lee, represented the company at the signing ceremony on April 1, 2023.
Kairous Capital is a venture capital firm established by investment professionals with over 30 years of experience in the venture capital and private equity space across Greater China and the ASEAN region.
The firm invests with a cross-border strategy in mind and acts as a financial investor and cross-border partner for its investees. Kairous Capital’s primary investment thesis is to invest in Chinese tech companies and export their technology and expertise from China to Southeast Asia.
The firm also invests in Southeast Asian tech companies by referencing proven business models and strategies of tech unicorns in China.
The establishment of the MCDCC and the Malaysia-China Digital Cooperation & Development Fund is expected to strengthen digital cooperation and innovation between Malaysia and China.
The partnership will offer new opportunities for businesses in both countries to collaborate and expand their digital technology capabilities, paving the way for more cross-border investments in the digital space.
