|Bid||113,000.00 x 0|
|Ask||113,500.00 x 0|
|Day's Range||111,000.00 - 115,000.00|
|52 Week Range||104,000.00 - 156,400.00|
|Beta (3Y Monthly)||1.34|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||314.00 (0.26%)|
|1y Target Est||155,296.00|
A fund led by South Korea's Mirae Asset Daewoo and web portal Naver Corp will invest $50 million in Indonesian e-commerce startup Bukalapak, Mirae Asset said on Wednesday. The Asia Growth Fund jointly set up by Mirae Asset and Naver Corp is seeking exposure in the fast-growing online commerce industry in the Southeast Asian country. "Naver is very strong in technology, so there is a lot we can learn from them," Teddy Oetomo, chief strategy officer at Bukalapak, said by telephone.
A fund led by South Korea's Mirae Asset Daewoo will invest $50 million in Indonesian e-commerce startup Bukalapak, Mirae Asset said on Wednesday. The Asia Growth Fund jointly set up by Mirae Asset and ...
When Choi Ba-da pitched his car-sharing firm Luxi to Hyundai Motor officials in 2017, he told them there would be no future for South Korea's top automaker if it failed to embrace emerging technologies. Hyundai officials say they were also wary of laws limiting car sharing in South Korea. Hyundai's breakup with Luxi illustrates how rigid regulations, strong labour unions and a risk-averse culture among South Korea's giant family run conglomerates, or chaebol, have hindered the growth of start-ups in Asia's fourth-largest economy.
Japanese chat app operator Line Corp (3938.T) will set up a bank with Mizuho Financial Group Inc (8411.T) and also partner China's Tencent Holdings Ltd to offer mobile payment services - plans which saw its stock rise 13 percent on Tuesday. Pending regulatory approval, the bank will provide financial services to Line's almost 80 million users from 2020, Line and Mizuho said, without detailing the services to be offered. Line will hold 51 percent of the bank with Mizuho owning the rest.
Amazon, one of the world's largest companies, has transformed the face of commerce in part because it has managed at once to be "The Everything Store" but still with a route into its sea of products that, for most users, surfaces what they might most want to see (and importantly buy or consume). Not every business is Amazon, though, so we are seeing a crop of startups emerging that are working on ways to help the rest of the digital world be just as optimised and personalised as Amazon. The startup's Series D has now closed off at $38 million, with the inclusion of a $5 million strategic investment from Naver, Korea's "Google" (it's the country's top search portal) that is also behind messaging apps Line and Snow.
Japan's Line Corp is raising around 148.1 billion yen ($1.33 billion) through convertible bonds to fund the popular chat app operator's aggressive expansion in the financial services business. The company said on Tuesday it plans to spend the bulk of the money raised on promotion of "LINE Pay" and other new financial services by end-2021. "LINE Pay" allows users to send money to one another using the chat app as well as to do offline payment at stores.
It was led by Line Ventures, the investment arm of messaging app Line, which is owned by Naver. The size of the Naver investment hasn't been disclosed, but iPrice has raised close to $10 million to date. Its investor base includes Asia Venture Group (AVG), Venturra Capital, Gobi Partners, Cento Ventures, Econa and Starstrike Ventures.