Tag Archives: YahooLine

SoftBank Group affiliate Z Holdings on Monday announced plans to invest ¥500bn ($4.7bn) 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 such as online advertising, the combined entity aims to generate ¥2tn in revenue and ¥225bn in operating profit by fiscal year 2023. The business plan is Z Holdings’ most detailed strategy yet in countering the growing… Source link

TOKYO — Popular chat app Line will expand in Asia by tailoring the platform to the demands of each market, the joint chief executives of the newly merged parent company told Nikkei in an interview Tuesday, making local hires and acquisitions in order to achieve this. Z Holdings, the SoftBank Group unit that operates Yahoo Japan, completed its consolidation with Line on Monday, announcing plans to invest 500 billion yen ($4.7 billion) over five years to upgrade online services. “The merger… Source link

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… Source link