Categories Japan

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Scrum Ventures launches new program to connect startups with Japanese corporations

Masami Takahashi, the president of Scrum Studios. Image Credits: Scrum Ventures Headquartered in San Francisco and Tokyo, Scrum Ventures is known for its accelerator programs focused on sports, food and smart-city tech. Today it announced the launch of a new incubator program that will help startups form business partnerships with […]

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SoftBank will reportedly file for a SPAC on Monday

SoftBank Investment Advisers may file as early as Monday to raise between $500 million and $600 million through an initial public offering of its first special purpose acquisition vehicle, reports Axios. SoftBank Investment Advisers manages the two Vision Funds and may continue leaning into SPACs, with two more reportedly in […]

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Agricultural biotech startup Boost Biomes adds a strategic investor in Japan’s Universal Materials Incubator

Boost Biomes, the Y Combinator-backed developer of microbiome-based bio-fungicides and bio-pesticides for agricultural applications, has added $2 million in funding and picked up a new strategic investor in Japan’s Universal Materials Incubator. To date, Boost Biomes has raised over $7 million in financing to support the development of new products […]

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ORIX invests $60M in Israeli crowdfunding platform OurCrowd

Japan-based financial services group ORIX Corporation today announced that it has made a $60 million strategic investment into the Israeli crowdsourcing platform OurCrowd. In return, the crowdfunding platform will provide the firm with access to its startup network. OurCrowd also says that the two groups will collaborate to create financial […]

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KKR, Rakuten to acquire most of Walmart’s stake in Japanese supermarket chain Seiyu

Walmart announced today it will sell most of its shares in Seiyu, the Japanese supermarket chain it acquired 12 years ago, to KKR and Rakuten. The deal values Seiyu at about $1.6 billion and means Walmart will almost completely exit its operations in Japan. Under the agreement, investment firm KKR […]

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Twitter brings its Stories feature, Fleets, to Japan

Twitter’s own version of Stories, which it calls “Fleets,” have arrived in Japan. The new feature allows users to post ephemeral content that automatically disappears after 24 hours. Though Fleets previously launched in Brazil, India, Italy and South Korea, Japan is notably Twitter’s second largest market, with some estimated 51.9 […]

Microsoft announces its first Azure data center region in Taiwan

After announcing its latest data center region in Austria earlier this month and an expansion of its footprint in Brazil, Microsoft today unveiled its plans to open a new region in Taiwan. This new region will augment its existing presence in East Asia, where the company already runs data centers in […]

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SoftBank could make, gasp, a profit on its expected sale of Arm for $40B

While the big deal we have been tracking the past few weeks has been TikTok, there was another massive deal under negotiation that mirrors some of the international tech dynamics that have plagued the consumer social app’s sale. Arm Holdings, which is the most important designer of processor chips in […]