Line Merger with Yahoo Japan Aims at Artificial Intelligence

Akihabara News (Tokyo) — The merger of online firms Line and Yahoo Japan is aimed squarely at the Artificial Intelligence (AI) industry, hoping to give the combined holding company, Line and Z Holdings, the financial heft it needs to compete against the tech giants.

The merger statement explained, “Social and industrial conditions surrounding us are changing drastically and daily on a global basis. Particularly in the Internet market, overseas companies, especially those based in the United States and China, are overwhelmingly dominant, and even when comparing the size of operations, there is currently a big difference between such overseas companies and those in Japan and other Asian countries, other than China.”

It continued, “Furthermore, in Japan, which is working to increase the declining productivity that comes along with a shrinking workforce and to respond rapidly to natural disasters, the use of artificial intelligence and technology in these fields has great potential.”

The combined firm will target “growth in the areas of AI, commerce, Fintech, advertising and O2O and other new business areas.”

Currently, Line Corporation, owned by the South Korean firm Naver, has a user base of about 82 million people in Japan, and Yahoo Japan, owned by SoftBank Corporation through its subsidiary Z Holdings Corporation, has a user base of about 50 million Japanese.

The full merger is expected to be completed within a year.

Recent Articles

Launch of BYD Toyota EV Technology

Toyota (Toyota City) -- BYD Company Ltd. (BYD) and Toyota Motor Corporation (Toyota) announced today that preparations have proceeded since they signed...

Toyota Developing Fuel Cell Truck

Toyota (Toyota City) -- Toyota Motor Corporation and Hino Motors have agreed to jointly develop a heavy-duty fuel cell truck, and to...

Working Timeline of 5G in Japan

Akihabara News (Tokyo) -- The following is a working timeline of 5G in Japan which Akihabara News intends to expand and update...

NTT Docomo Lauches Japan 5G Services

NTT Docomo (Tokyo) - NTT Docomo announced today that it will launch its much anticipated fifth-generation mobile communications service (5G) on a...

Yamaha Invests in US Startup Abundant Robotics

Yamaha (Iwata) -- Yamaha Motor announced today that it has made an additional investment of US$2.5 million in Abundant Robotics - a...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox