Tokyo-based mobile messaging app Line Corp could reach its goal of 500 million instant messaging users by the end of this year even as it thinks about a possible IPO, Bloomberg reported.
Japan
Mt. Gox issues new statement on website
Mt. Gox has posted a new statement which shed more light on the company's financial situation and validated the contents of a document leaked earlier, TechCrunch reported.
Mt Gox sets up call center in Japan to deal with Bitcoin inquiries
Tokyo, Japan-based Bitcoin exchange Mt Gox set up a call center to deal with the inquiries of Bitcoin users after it lost $473 million worth of the digital currency and filed for bankruptcy protection.
Private equity-owned J. Crew Group Inc reportedly in talks with Fast Retailing Co for possible sale
J.Crew Group Inc is said to be in early stage talks with Fast Retailing Co and E. Land Group for a possible sale, according to sources.
Hulu to exit Japanese unit to Nippon TV
Hulu, a platform that provides video streaming services, will be divesting its Japanese unit to Nippon Television Network Corporation after three years of operations, TechCrunch reported.
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Japan-based mobile messaging app Line will launch an open sticker marketplace called Line Creators Market in April and will also release a Skype-like service in five countries.
Tokyo, Japan-based staffing firm Outsourcing Inc invested $5 million (INR30 crore) for a majority stake in Bangalore, India-based search and staffing company Alp Consulting Ltd to gain access to the Indian market.
Mt. Gox, once the world's biggest bitcoin exchange, went dark on Tuesday, with its website down, its Tokyo office empty, and a cryptic comment from its chief executive that the business was at "a turning point."
Mt. Gox Chief Executive Officer Mark Karpelès has resigned as a board member from the Bitcoin Foundation, according to a source interviewed by The WSJ and confirmed by the foundation with a statement on its website.
Makati, Philippines-based real estate investment firm Ayala Land Inc (ALI) bought out the 40% holding of Tokyo, Japan-based trading giant Mitsubishi Corp in Philippine Integrated Energy Solutions Inc (PhilEnergy) for an undisclosed amount.
Sony's wearable technology called the SmartBand SWR10 which was first introduced at the CES last month will finally be available in 60 markets in March, TechCrunch reported.
The crisis Mt. Gox is facing has provided Bitcoin speculators with a grand buying opportunity that could give them a chance to earn a profit if the withdrawal ban gets lifted, CNNMoney reported.
Tokyo,Japan-based Internet services firm Rakuten will launch a beta version of the Singapore-based streaming video platform Viki in Japan tomorrow, just five months after the Japanese bought the platform for $200 million.
The venture capital arm of Tokyo-based Internet firm Rakuten, Rakuten Ventures, led the Series A round for Singapore-based ViSenze which raised $3.5 million, TechCrunch reported.
