lunes, 7 de enero de 2019

Japan Update



Startup funding by 

Japan's major 

companies shatters record

TOKYO -- Corporate Japan 
 jumped on the startup bandwagon
 in a big
 way in 2018, nearly doubling investment in the enterprises
in an effort to spur growth.

A Japan Post Holdings venture 
arm invested in about a dozen 
 upstarts last year, including 
artificial intelligence developer 
Abeja and flea market operator
 Mercari, while a venture capital 
fund of Tokyo Electric Power Co. Holdings invested in 11 startups.

Overall, traditional Japanese companies' venture capital 
investment reached $1.23 billion
 in the year through Dec. 26, 
up more than 91% from the ful
l-year record set in 2017, according to data from M&A advisory Recof.

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