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Business deals

Carrier KDDI to expand financial services with Kabu.com buy

Japan's second-largest wireless provider hurries to diversify from smartphones

KDDI's investment in Kabu.com Securities comes as smartphones are increasingly used to access financial services beyond making purchases. (Photo by Makoto Okada)

TOKYO -- KDDI will invest in online brokerage Kabu.com Securities and establish a holding company for finance-related subsidiaries, diversifying its revenue sources as smartphones transform the way customers access such services.

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