This is Mercari. ... 4385 Japan: Tokyo. It launched Japan’s dominant messaging service in 2011 and went public in 2016.Shin, who shares the CEO title with Takeshi Idezawa at Line, will become the newly created entity’s chief product officer. Florida sheriff bans masks for deputies and office visitors (Bloomberg) -- Kyash Inc., a Tokyo-based digital banking startup, has raised $45 million from investors at a time the coronavirus outbreak threatens to dry up venture capital funding.The Series C round was co-led by Greenspring Associates Inc. and Goodwater Capital, bringing the total raised by the company to date to $73 million, Kyash Chief Executive Officer Shinichi Takatori said in an interview. The fast and easy way to sell or buy almost anything. That has left most other companies scrambling to attract scarce talent and collect the data necessary to conduct research in fields like deep learning.Line and Yahoo Japan are betting they can leverage local knowledge to stay in the race in their home country and markets where their services are popular, including South Korea, Taiwan, Thailand and Indonesia. It declined to disclose user numbers and other figures and only said its systems currently process about one transaction per second.In Japan, Kyash is up against heavy competition. Together, Line and Yahoo Japan, which now operates as Z Holdings Corp., will be able to share engineering resources, access broader sets of data and invest more in areas like artificial intelligence, the chief executive officers said in a Tokyo press conference.“The internet industry often operates on the winner-takes-all principle and the strong only get stronger,” said Line co-CEO Takeshi Idezawa. Kyash launched a peer-to-peer money transfer app in 2017 and added a Visa-linked payment wallet a year later. Line and Z Holdings shares rose on the deal.Yahoo Japan was once the country’s leading search engine, web portal and major e-commerce player, but has lost ground as users migrated from PCs to smartphones. Got something you don’t use, never used or just outgrew? “We want to give users a domestic AI option. By focusing on Japan’s unique challenges, we can offer services others cannot.”(Updates with the deal strategy from first paragraph. Mercari Inc. Watch list. Kawabe wore a bright green tie, Line’s trademark hue, while Idezawa donned one in Yahoo Japan red.Under the proposed transaction, Z Holdings and Naver will buy out Line’s public shareholders in a tender offer at a projected 5,200 yen per share, a 13% premium to Line’s share price before news of the talks. Both companies have also been investing in artificial intelligence to improve their services. 4385 JP. Wall Street Stock Market & Finance report, prediction for the future: You'll find the Mercari share forecasts, stock quote and buy / sell signals below.According to present data Mercari's MCARY shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). The post will give him control over the 100 billion yen AI budget and oversight of service development for both Line and Yahoo Japan.Line has 82 million monthly active users in Japan and is also the dominant messenger in Taiwan and Thailand, where it has 21 million and 45 million customers respectively.

Stock analysis for Mercari Inc (4385:Tokyo) including stock price, stock chart, company news, key statistics, fundamentals and company profile. View real-time stock prices and stock quotes for a full financial overview. Sell it. Copyright © 2020 MarketWatch, Inc. All rights reserved. They said they wouldn’t want see Japan lose out on world-leading services like search and e-commerce, but they want to create a local alternative that can address domestic needs and tastes.“GAFA’s biggest threat is the kind of loyalty they command from their users,” said Kawabe. Mercari Inc., whose mobile payment service counts more than 6 million users in the country, this year acquired pay service Origami Inc., while e-commerce giant Rakuten Inc. runs its own bank, has a credit card with more than 19 million customers and is launching a mobile network. )To contact the reporters on this story: Pavel Alpeyev in Tokyo at palpeyev@bloomberg.net;Takahiko Hyuga in Tokyo at thyuga@bloomberg.netTo contact the editor responsible for this story: Peter Elstrom at pelstrom@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.Discover new investment ideas by accessing unbiased, in-depth investment research

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