TOKYO -- Investors are focusing their attention on the U.S. operations of Mercari, which operates an eBay-like app and was known as Japan's first tech unicorn before its initial public offering one year ago.
It has been a difficult 12 months since Mercari listed. In December, it withdrew from the U.K. Earlier this month it said it was pulling the plug on its live video streaming service. In the U.S., Mercari is plugging away but operates in the red.