SoftBank to add $15 billion to tech fund

SoftBank Group, Japanese multinational conglomerate, is planning to add $15 billion to its Vision Fund which is backed by Saudi Arabia. SoftBank has considered a variety of ways to expand Vision Fund, including raising more capital, persuading investors in Saudi Arabia and Abu Dhabi to waive debt repayments rights, or taking out more bank loans, said the sources.
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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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Mastercard Index of Consumer Confidence Published; Bangladesh Recorded The Largest Gain

The Mastercard Index™ of Consumer Confidence survey, which is conducted twice every year since 1993 just published the report of H2, 2016. It’s all good news for Bangladesh. Bangladesh recorded the largest gain in Asia Pacific of 11.2 points to 82.8 points – a significant improvement in overall consumer confidence compared to H1 2016 where it saw a relatively smaller increase of
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Singapore-Based Human Resource Tech Solution Provider Rewardz Got US$2M From Japan’s Benefit One

Singapore-based human resource tech solution provider Rewardz today announced that Japanese fringe benefit outsourcing service company Benefit One has acquired a majority stake in the startup, with an investment of SG$3 million (US$2.1 million). The company stated that they are going to focus on turning its current entities in Singapore, Malaysia, and Dubai profitable in 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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Appier Tops Up Series B With Additional $20M To Pilot Its Aixon Platform In Taiwan, Japan, And Singapore

AI-powered marketing startup Appier is reaping the benefits by topping up its series B round with an extra US$19.5 million, according to an announcement today. With the extra funding, Appier will pilot its Aixon platform in Taiwan, Japan, and Singapore. Aixon gives businesses AI-enabled tools that can help them extract marketing insights from user data.
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Terra Motors Is Now Making Drones

Japanese electric vehicle company Terra Motors announced today that it is expanding into drones for mapping construction sites.Terra Motors will not sell the drones directly to consumers. It will offer the drones as a service to construction companies. Using an EV motor, battery, and controls technology developed in-house, Terra’s drones can take measurements accurate up to five centimeters.
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Japan’s Vinclue Gains $768K in Funding to Develop Hologram Assistant For Smart Living

Japanese IoT (Internet of Things) startup Vinclu announced on Monday that it is developing Gatebox, a hologram-based communication robot allowing users to enjoy their daily lives with their favorite 2D character. There are outlooks that during 2016 the Smart Home will become commonplace upon dissemination and in fact many startups related to smart locks and security in Japan.
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