Japan’s SoftBank and South Korea’s Naver Corp to create $30 billion tech giant to fight Rakuten Inc

On Monday, Japan’s SoftBank Corp stated, it plans on merge  Yahoo Japan with messaging app operator Line Corp in order to create a $30 billion tech giant, as it aims to group together struggling internet companies to bulk up against rivals such as Rakuten Inc. In a statement SoftBank said Yahoo Japan, which last month…

South Korea’s Shinhan Financial Group Co Ltd invests in Indonesia’s e-commerce startup Bukalapak’s latest funding round

Although Shinhan Financial Group Co Ltd’s investment was not disclosed, the funding round saw Bukalapak valued at more than $2.5 billion. On Friday, Indonesian e-commerce startup Bukalapak stated, South Korea’s Shinhan Financial Group Co Ltd has participated in its latest funding round which valued the company at over $2.5 billion. Bukalapak did not disclose the…