Category: Japan
PayPal acquires Japan’s Paidy for $2.7B to crack the buy-now, pay-later market in Asia
PayPal Holdings, the U.S. fintech company, announced an acquisition of Paidy, a Japanese buy now, pay later (BNPL) service platform, for approximately $2.7billion (300 billion yen), mostly in cash, to enhance its business in Japan. The transaction completion including the regulatory approval is expected in the fourth quarter of 2021.…
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After years of inaction against adtech, UK’s ICO calls for browser-level controls to fix ‘cookie fatigue’
In the latest quasi-throwback toward ‘do not track‘, the UK’s data protection chief has come out in favor of a browser- and/or device-level setting to allow Internet users to set “lasting” cookie preferences — suggesting this as a fix for the barrage of consent pop-ups that continues to infest websites…
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Apple’s dangerous path
Hello friends, and welcome back to Week in Review. Last week, we dove into the truly bizarre machinations of the NFT market. This week, we’re talking about something that’s a little bit more impactful on the current state of the web — Apple’s NeuralHash kerfuffle. If you’re reading this on…
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Apple announces new settlement with Japan allowing developers to link to external websites
Apple has made a settlement with Japanese regulator that it will allow developers of “reader” apps link to their own website for managing users account. The change goes to effect in early 2022. This settlement comes after the Japan Fair Trade Commission (JFTC) has forced Apple to make a change…
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Coral Capital closes third fund with $128M for startups in Japan
Coral Capital, a Tokyo-based venture capital firm, announced today that it has closed its third fund, Coral Capital III, raising $128 million (14 billion yen). Coral Capital’s total assets under management (AUM) is now $275 million. Limited partners in the vehicle include Mizuho Bank, Mitsubishi Estate, Shinsei Bank, Pavilion Capital,…
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Korean 3D spatial data tool startup Urbanbase closes $11.1M Series B+ round
Urbanbase, a Seoul-based company that develops a 3D spatial data platform for interior planning and design, announced today it has raised $11.1 million (13 billion won) in a Series B+ round as it scales up. This round of funding was led by Hanwha Hotel & Resort, which is a subsidiary…
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