TOKYO — SoftBank Group affiliate Z Holdings on Monday said it will invest 500 billion yen ($4.7 billion) and hire 5,000 AI engineers over five years after completing a merger with popular messaging app Line.
By launching new services and creating synergies in businesses like online advertising, the combined entity aims to generate 2 trillion yen in revenue and 225 billion yen in operating profit by fiscal year 2023.
The business plan is Z Holdings’ most detailed strategy yet in countering the…
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