Japan

softbank

SoftBank To Give Up Control Of Sprint Corp To T-Mobile

Japan's SoftBank Group Corp is prepared to give up control of Sprint Corp to Deutsche Telekom AG's T-Mobile US Inc to clinch a merger of the two US wireless-carriers. SoftBank has not yet approached Deutsche Telekom to discuss any deal because the US Federal Communications Commission has imposed strict anti-collusion rules that ban discussions between rivals during an ongoing-auction of
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online-brokerage

Japanese Fintech Startup FOLIO’s Raised US$16M Series A From Several Investors

FOLIO, a startup offering an online security brokerage service in Japan, has announced that it has raised 1.8 billion yen (approximately US$16 million) in Series A round from JAFCO, Monex Ventures, Mitsui Sumitomo Insurance Venture Capital, and Rakuten Fintech Fund. FOLIO will continue service development, hiring and marketing in preparation for its planned service release in spring 2017.
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Japanese Venture Capital Fund Global Brain Launched Its Sixth Fund

Japanese venture capital fund Global Brain is launching its sixth fund, aimed at supporting technology startups in various industries, including travel, hardware, enterprise, education, and e-commerce. This latest fund will be financed by more than 10 companies and academic institutions, including travel agency JTB, Mitsui Sumitomo Banking, Sumitomo Forestry, Information Services International-Dentsu, and the public-private entity Cool Japan
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Japanese Mobile And Web App Development Company Monstar Lab Raised US$2.5 Million

Japanese mobile and web app development company Monstar Lab today announced that it has raised JPY250 million (US$2.5 million) from The Gogin Capital, Resona Capital, and existing investors. The investment will be used to fund the company’s international expansion-plan, as well as an upcoming M&A, in order to be one of the world’s biggest software-development arm for new and upcoming-technologies
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Mana.bo Raises $2.4m

Mana.bo, which started off with the aim to shake up Japan’s US$10 billion juku, or cram school industry, just raised US$2.4 million in fresh funds as it plans to expand its reach beyond online classes.The funding will be used to “maximize the combination” of Mana.bo’s real-time online tutoring.
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