Yahoo Japan parent eyes acquisitions in Asian expansion: CEO

Merger partner Line plans banking businesses in Taiwan, Thailand and Indonesia

20200116 Z Holding President on the stage

Z Holdings president and CEO Kentaro Kawabe speaks at Nikkei Forum "Innovative Asia" in Singapore on Jan 16. (Photo by Ken Kobayashi)

KENTARO IWAMOTO, Nikkei staff writer

SINGAPORE -- SoftBank Group-backed Yahoo Japan will accelerate its expansion in Asia together with messaging app Line as the two groups plan to merge later this year, with Line aiming to start banking businesses in Thailand, Taiwan and Indonesia.

In an interview with the Nikkei Asian Review here Thursday, Kentaro Kawabe, president and CEO of Z Holdings, parent of Yahoo Japan, said that he expected Line to start banking services in the four markets.

Sponsored Content

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