TechCrunch reported earlier today that San Francisco based investment company 500 Startups has announced ahead of its trip to Southeast Asia that it is setting up a Southeast Asian fund worth $10 million to be managed by Khailee Ng, currently Entrepreneur in Residence at 500 Startups and founder of Malaysia’s Says.com and Groupsmore. The fund, which will be called 500 Durians after the stinky fruit, is typical of 500 Startups which has set up similar funds in other regions.

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