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Technology

South Korea's Naver triples quarterly profit on cloud computing

But messaging app unit Line continues to lose money ahead of Yahoo merger

Greater use of online teaching due to the novel coronavirus fueled demand for cloud services.   © Reuters

SEOUL -- South Korean internet giant Naver reported Thursday a group net profit of 90.7 billion won ($76 million) for the quarter ended in June, soaring by more than triple on the year thanks to the robust cloud computing business.

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