While Mercari has gained traction in Japan and Britain, in the U.S. although it does not any direct competitor, it is to be seen how it will mitigate challenges from tech giants, including eBay Inc and Amazon.com who dominate the e-commerce market. Riding on the success of a recent funding round which boosted its market…
Softbank Group has spread its investment across major players in India’s burgeoning e-commerce market, including in home-grown Flipkart, Snapdeal and Paytm E-Commerce. As per a regulatory filing, as part of a funding round that values India’s Paytm E-Commerce Pvt. Ltd at $1.9 billion, Japan’s SoftBank Group will invest $400 million with exsiting investor Alibaba also…
The deal sees Fujifilm spreading its revenue sources by investing in biotech firms involved in regenerative pharmaceuticals and medicine. The fate of its acquisition of Xerox is still uncertain as it faces strong headwinds from activist investors Carl Icahn and Darwin Deason. In efforts aimed at boosting its healthcare business, Fujifilm Holdings said it would…
Although two Japanese news dailies have reported of the raid, clarity on the suspected violation is still to emerge. On Thursday, A spokesperson for Amazon Japan stated it has been raided by Japan’s fair trade regulator on suspicion of a possible anti-trust violation. Although the spokesperson said Amazon Japan was fully cooperating with the Fair…
Investors who lost out due to the $530 million heist, will now be reimbursed. On Thursday, Japanese cryptocurrency exchange Coincheck Inc, stated from next week, it plans on reimbursing lost digital monies to investors who were affected by the $530 million heist. Coincheck also stated, it plans on resuming services for some cryptocurrencies starting from…
Sony Corp is the latest tech firm vying for market share in Japan’s highly regulated ride-hailing market and is set to partner with Daiwa Motor Transportation and 4 other domestic Japanese taxi firms for the same. On Tuesday, Japan’s Nikkei newspaper reported, Sony Corp is to become the latest tech firm which is jockeying for…
Coincheck’s statement comes in the wake of a cyber attack in which it lost $425 million of NEM coins, marking it as one of the biggest heists in the digital currency’s history. Coincheck Inc, a Tokyo-based cryptocurrency exchange stated it would return neqarly $425 million (46.3 billion yen) of virtual money it lost to a…
Nokia and DoCoMo will collaborate closely for the transition from 4G to 5G, which DoCoMo is expected to launch by 2020, in time for the Tokyo Olympics, in 2020. On Friday, Nokia signed its first agreement to supply next generation 5G wireless radio base stations to Japanese telecom operator NTT DoCoMo, which boasts of having…
As per the findings research firm Kantar Worldpanel ComTech, the unavailability of its flagship iPhone X has played a role in the loss of its market share. On Tuesday, Kantar Worldpanel ComTech, a research firm, stated the market share of Apple Inc’s iPhone has declined in three key regions in the world during the last…
While the move is expected to dent the already low margins of low-cost carriers, it is to be seen how it will impact inbound visitors. On Tuesday, Shinya Katanozaka, the CEO of Japan’s biggest airline by revenue stated, if Japan were to impose a departure tax on airlines, its impact will ripple though a big…
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