Japan

Japan's Genesia Ventures has completed the final close of its fourth fund at $113 million, with the capital earmarked for seed-stage startups across Japan, Southeast Asia, and India.

ENEOS Holdings will acquire American energy giant Chevron’s downstream fuels and lubricants businesses across several Asia-Pacific markets in a transaction valued at $2.17 billion.

Vietnam's leading technological firm FPT and Japan's industrial giant Mitsubishi Motors will collaborate in software and digital technologies, including the potential establishment of a future joint venture focused on the automotive sector.

Meiko Electronics, a Japanese manufacturer of printed circuit board (PCB), will invest $50 million in establishing Meiko Electronics Yen Quang, a new subsidiary in Vietnam.

Mitsubishi Motors Corporation will join the Philippine government’s Electric Vehicle Incentive Strategy (EVIS), signaling a move to expand its electrification efforts in the country, the Japanese automaker said in a press release on Monday.

Malaysia-founded PolicyStreet has secured RM84 million (US$21 million) in the first close of its Series C funding round, the insurtech firm said in a press release on Wednesday.

Furukawa Electric is set to invest at least JPY55 billion ($345 million) in expanding data center cooling production in the Philippines, Thailand, and China, the Japanese firm said in a release on Monday.

Japan's automotive manufacturer Toyota is set to invest $360 million in building a hybrid vehicle line within its factory in Vietnam, Toyota Vietnam CEO Hirata Osamu said.

Japan-based Cybozu, a collaborative office software company known for its Kintone platform, has committed an initial $6.4 million investment to expand its operations in Malaysia.

The Vietnam National Space Center, developed with official development assistance (ODA) from Japan, was inaugurated on March 13 with the participation of Vietnamese Prime Minister Pham Minh Chinh.