Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Rumor: Alibaba to Invest in Line IM

Nbd.com, 2/26/14

Following reports that Japanese telecom and media corporation Softbank is seeking to acquire a stake in Line, Japan's most popular mobile instant messaging (IM) app, a number of reports in the Chinese media have surfaced that Chinese e-commerce conglomerate Alibaba Group is also considering an investment in the app.

Alibaba VP Cai Taoran has denied the rumors. Line's parent company, Korean internet conglomerate Naver, has also denied the rumors, stating that the company has no plans to sell Line.

Editor's Note: Line entered China at the end of 2012 through a cooperation with Chinese internet company Qihoo 360 (NYSE: QIHU). The IM later began a promotion-related partnership with Beijing-based Android app store Wandoujia. Wandoujia obtained a USD 120 mln investment from Softbank in January 2014. For more background on this topic, please see "Update: NHN Allies with Qihoo 360 on China Release of Line" MD 12/12/12 issue, "Wandoujia, Line Partner on Cross-Promotion" MD 9/10/13 issue and "Wandoujia Secures USD 120 Mln Funding from Softbank" MD 1/13/14 issue.

Keywords: Cai Taoran Internet investment wireless Softbank NHN Alibaba Group Naver mobile IM Line IM

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports