Malaysia-headquartered venture capital firm Kairous Capital announced the signing of two separate Memoranda of Understanding (MoU) to officiate the establishment of the Malaysia-China Digital Cooperation Council (MCDCC) and Malaysia-China Digital Cooperation & Development Fund with Digital Way Group, and China Silk Road Group at the Malaysia-China Business Forum held in Beijing, China.

“MCDCC’s key objective is to facilitate long-term cross-border collaboration between Malaysian and Chinese companies in the areas of technology and innovation,” Kairous Capital said in a Linkedin post on Monday.

In conjunction with this, MCDCC also announced the establishment of the Malaysia-China Digital Cooperation & Development Fund to 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.

Kairous Capital was represented by its Managing Partner Joseph Lee at the signing ceremony on Saturday (Apr 1).

The signing ceremony was witnessed by Malaysia Prime Minister Anwar Ibrahim, International Trade and Industry Minister Tengku Zafrul Aziz; Science, Technology and Innovation Minister Chang Lih Kang, Foreign Minister Affairs Zambry Abdul Kadir, Transport Minister Anthony Loke, Local Government Development Minister Nga Kor Ming, and Tourism, Arts and Culture Minister Tiong King Sing.

Kairous Capital is set up by a team of investment professionals who collectively have more than 30 years of investment experience within 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 act as a financial investor as well as the cross-border partner for its investees. Kairous Capital’s main investment thesis is to invest in Chinese tech companies and exporting their technology and expertise from China to Southeast Asia. The firm also invests in Southeast Asian tech companies by referencing to proven business models and strategies of tech unicorns in China.

Kairous Capital is an investor in TechNode Global.

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