South Korean media recently focused on Yahoo Japan and South Korea’s LINE to discuss a merger, if the two sides successfully merged, the Asian Internet market is expected to become China’s Alibaba and Tencent rivals. “The alliance of Sun Justice (Chairman of SoftBank Group), the founder of NavER, the largest Internet company in South Korea, which is about to change the Asian Internet landscape, has been announced. South Korea’s Chosun Ilbo website described the merger of the two companies on November 15.
Navigator and Japan’s SoftBank are pushing ahead with plans to merge their respective subsidiaries, LINE and Yahoo. Reported that the two sides are expected to reach a final agreement on the merger as soon as the end of this month. If successfully merged, the two will have more than 100 million users and occupy a strong position in Japan’s Internet and mobile markets.
All areas of the Japanese online market, such as Netman, Games, News, Internet Banking, Virtual Currency, etc., will be included in the scope of the merger.
If the two sides succeed in the merger, the “NAVER-SoftBank Alliance” will weigh in on global Internet hegemony in the U.S. (Google, Facebook, Amazon, Twitter) and China (Alibaba, Tencent), South Korean media reported. The emergence of the “NAVER-SoftBank Alliance” is expected to pose a huge threat to China’s Alibaba and Tencent.
Alibaba and Tencent are pinning their hopes on Southeast Asian markets, the report said. According to an internet industry source: “Previously, NAVER, which had done its best to compete with SoftBank in Japan, can now safely capture the Southeast Asian market.” ”
The report also pointed out that the “NAVER-SoftBank Alliance” debut, has been the global market leader of Google, Facebook and other U.S. tech giants are also difficult opponents. In the biggest competition of the future, artificial intelligence (AI), SoftBank Is using the Vision Fund to focus its 100 trillion won (Rmb166.62) fund.