Zhong Wei Capital, also known as ZWC Ventures, plans to invest US$300 million in Southeast Asia over the next three years, KrAsia reported.
The Chinese venture capital firm aims to inject US$500,000 to US$10 million into early-stage startups and US$10 million to US$60 million into late-stage startups, with a focus on the sectors of e-commerce, social commerce, financial technology and artificial intelligence.
Citing an official statement from ZWC co-founder and partner Terrance Lok, the news outlet noted the firm is also interested in certain sub-sectors, including first-mile fulfillment logistics and supply chain financial technology. The firm reportedly is targeting potential investments in an Indonesian logistics first-mile provider and a Singapore-based AI startup.
ZWC will fund these investments in part with a US$500 million second fund it is lining up, according to the report.