ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

Can Mercari follow Marie Kondo and 'spark joy' in investors?

Success of Japan's former unicorn depends on Americans emptying their closets

Mercari has had a difficult 12 months since it IPO'd in Tokyo: It has closed its U.K. operations, shut down its video streaming service and bled more red ink in America.

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more