One of the stories that we have been watching closely on this site is the progress of Line, the chat app that is wildly popular here in Japan and rapidly expanding abroad.
In the same spirit of our recent Japan Internet Map, here is our second interactive production – our Line Timeline. It brings together the company’s major updates since it’s original launch way back in 2011, all the way to yesterday’s astounding 200 million downloads milestone.
We’re still experimenting with these information rich presentations, but as with last time, the goal here is to provide you with as many details and links as possible. But we had fun with a chat bubble design and even added some fun stickers! We don’t ask anything in return, but if you like it and want to share it with friends, it would certainly be good incentive for us to continue this kind of more time-intensive work!
Apple reported its Q3 2013 earnings yesterday, showing a record June quarter for iPhone sales, helped by very strong sales in Japan in particular, which grew 66% over the same period the year before. In fact, amid sluggish international revenue growth for the Cupertino company, Japan represented the biggest regional yearly revenue growth, up more than 26 percent while most other regions dropped (see chart above). Overall Apple’s quarterly revenue was $35.3 billion, up 1% on the year before. iPhone sales were up 20%, and in addition to Japan, the U.S., UK, Japan, Brazil, Russia, India, Thailand and Singapore all grew well. On the earnings call, CEO Tim Cook was asked if he thought smartphone markets were reaching saturation on the high end. Cook expressed confidence that, at least for Apple, they are not: From a growth point of view for Apple our key catalysts will be always will be new products and new services, and these are above in existing categories. […] And I don’t subscribe to the common view that […] the smartphone market is at it’s peak. I don’t believe that, but we will see and we will report our result as we go along. For Apple…
Apple reported its Q3 2013 earnings yesterday, showing a record June quarter for iPhone sales, helped by very strong sales in Japan in particular, which grew 66% over the same period the year before. In fact, amid sluggish international revenue growth for the Cupertino company, Japan represented the biggest regional yearly revenue growth, up more than 26 percent while most other regions dropped (see chart above).
Overall Apple’s quarterly revenue was $35.3 billion, up 1% on the year before. iPhone sales were up 20%, and in addition to Japan, the U.S., UK, Japan, Brazil, Russia, India, Thailand and Singapore all grew well.
On the earnings call, CEO Tim Cook was asked if he thought smartphone markets were reaching saturation on the high end. Cook expressed confidence that, at least for Apple, they are not:
From a growth point of view for Apple our key catalysts will be always will be new products and new services, and these are above in existing categories. […] And I don’t subscribe to the common view that […] the smartphone market is at it’s peak. I don’t believe that, but we will see and we will report our result as we go along.
For Apple here in Japan, the most obvious opportunity for growth lies specifically in the 61 million Docomo subscribers that its handsets currently do not reach. Apple has partnered with rival carriers KDDI/au and Softbank, but Docomo remains a staunch holdout.
Last week I had a chance to swing by the HackerNews Tokyo event in Roppongi. As most readers know, HackerNews is a social news site for tech enthusiasts and entrepreneurs. There is a strong community of contributors and commenters, and many community meetups take place all over the world, including here in Japan. There are a number of tech events that take place in Japan, and because HackerNews is an English language site, participants in this one are mostly expats. But speaking to them at a recent Tokyo meetup, I found the place filled with smart interesting folks, many working on their own startup or app – contributing to the local community in ways that often go overlooked. Many entrepreneurs in attendance were given a few quick moments to share what they were working on, and I’m sure that resulted in quality feedback from those in attendance afterwards. Tokyo HackerNews organizer Jason Winder explained that these events represent a great opportunity for founders, coders, investors, CEOs, marketers and everyone interested in business and technology to get together and talk shop.” With those advantages in mind, it would be great to see an event like this grow [1]. Beyond the capital…
HackerNews Tokyo event in Roppongi last week
Last week I had a chance to swing by the HackerNews Tokyo event in Roppongi. As most readers know, HackerNews is a social news site for tech enthusiasts and entrepreneurs. There is a strong community of contributors and commenters, and many community meetups take place all over the world, including here in Japan.
There are a number of tech events that take place in Japan, and because HackerNews is an English language site, participants in this one are mostly expats. But speaking to them at a recent Tokyo meetup, I found the place filled with smart interesting folks, many working on their own startup or app – contributing to the local community in ways that often go overlooked.
Many entrepreneurs in attendance were given a few quick moments to share what they were working on, and I’m sure that resulted in quality feedback from those in attendance afterwards.
Tokyo HackerNews organizer Jason Winder explained that these events represent a great opportunity for founders, coders, investors, CEOs, marketers and everyone interested in business and technology to get together and talk shop.” With those advantages in mind, it would be great to see an event like this grow [1].
Beyond the capital
Meanwhile, there are other HackerNews events taking place beyond the Tokyo as well, with HackerNews Kansai getting a foothold in the past year or so. I spoke to Sacha Greif, a very well-known French designer based in Osaka [2], who has been involved with organizing HackerNews events in the Kansai region, along with Raphael Guyot and Paco Alcantara. He describes the events thusly:
We’ve had quite a few interesting presentations from HNKansai members and visitors (including one by a YCombinator entrepreneur) on topics ranging from startups and Bitcoins, to quadrocopters and electromagnetic brain stimulation. The meetup also helped a few people find new jobs or freelancing gigs. So altogether I think it has been a very positive initiative. Now our next goal is to reach more of the local Japanese startup and tech community. The meetup is still very foreigner-centric, and we’d like to change that to promote more exchanges between the two communities.
There are some talks from HN Kansai events over on their YouTube channel including one below from Sacha on the importance of side projects (see below).
Groups like these are great bridge events. As we have written here before (citing Rakuten’s Hiroshi Mikitani, no less), since Japan is lacking engineers, making use of skilled foreigners may be a good way to pick up the slack. They make for a more diverse tech ecosystem, people of different backgrounds and specialities can learn from one another.
Tokyo-based cloud startup Freee announced today that it has raised 270 million yen (approximately $2.7 million) in a series A funding from Infinity Venture Partners and DCM. This follows the previous seed round where the company secured seed funding of 50 million yen (about $523,000) from DCM back in December. Coinciding with this new funding, the startup rebranded its company name to Freee from CFO K.K., coinciding with the name of its accounting service. At the time of its launch back in March, CEO Daisuke Sasaki stated his goal of acquiring at least 10,000 users in its first year. Surprisingly it is way ahead of that pace, acquiring 6,500 users in the last four and half months, 1.7 times faster than expected. The startup originally planned series A funding for the end of this year but moved up its timeline to accelerate service expansion and user growth. With these new funds, the startup is expecting to hire additional staff and intensify its system development. According to Mr. Sasaki, their users have given them a lot of feedback, and they have been adding features and refining user interface based on those responses. He believes these efforts have helped them acquire many…
Tokyo-based cloud startup Freee announced today that it has raised 270 million yen (approximately $2.7 million) in a series A funding from Infinity Venture Partners and DCM. This follows the previous seed round where the company secured seed funding of 50 million yen (about $523,000) from DCM back in December. Coinciding with this new funding, the startup rebranded its company name to Freee from CFO K.K., coinciding with the name of its accounting service.
At the time of its launch back in March, CEO Daisuke Sasaki stated his goal of acquiring at least 10,000 users in its first year. Surprisingly it is way ahead of that pace, acquiring 6,500 users in the last four and half months, 1.7 times faster than expected. The startup originally planned series A funding for the end of this year but moved up its timeline to accelerate service expansion and user growth.
With these new funds, the startup is expecting to hire additional staff and intensify its system development. According to Mr. Sasaki, their users have given them a lot of feedback, and they have been adding features and refining user interface based on those responses. He believes these efforts have helped them acquire many new users, and now his first priority is to form a responsive team.
Freee CEO Daisuke Sasaki
The company has three key topics that it will focus on moving forward: opening up to third-party services, easing collaborative work, and providing a better user experience. They plan to introduce an API that encourages third-party developers to connect with its platform, which should help the platform in terms of its collaborative capabilities. To improve user experience, they are expecting to introduce a native app for tablet devices to allow users to record and sort out their revenue and expenses regardless of where they are.
Some of our readers may recall that the company previously won the top prize at the Infinity Ventures Summit back in May, a conference hosted by Japan’s Infinity Ventures Partners. We’ve seen more than a few outstanding financial apps in the Japanese startup scene, and Freee can be considered to be among the best of them.
Photo via Sashiire Sports fans usually show support for a team simply by cheering. But here in Japan, there is a mechanism that lets enthusiastic fans to do something more. Sashiire is a platform that allows fans and supporters to give sports-related gifts to college sport teams. This act is called ‘sashiire’, and the platform was first launched back in October of 2010. To date 180 teams from 48 universities have joined up, including one of the most prestigious universities in Japan, Waseda university, which leverages the platform for all of its 44 sports teams. On Sashiire, fans can start by choosing their favorite team, and then choose the item they want to send. There are over 60 items available on site including protein, supplements, healthy snacks, and even sportswear, and payment can be made either by bank transfer or credit card. The gift will be sent directly to the sport team with a message of support from that fan. Many users on Sashiire are alumni from those same teams. The platform was launched by Daigaku Sports Channel to create a better overall environment for college sports teams, lending them a helping hand. Funding or support provided from universities can sometimes…
Sports fans usually show support for a team simply by cheering. But here in Japan, there is a mechanism that lets enthusiastic fans to do something more. Sashiire is a platform that allows fans and supporters to give sports-related gifts to college sport teams. This act is called ‘sashiire’, and the platform was first launched back in October of 2010. To date 180 teams from 48 universities have joined up, including one of the most prestigious universities in Japan, Waseda university, which leverages the platform for all of its 44 sports teams.
On Sashiire, fans can start by choosing their favorite team, and then choose the item they want to send. There are over 60 items available on site including protein, supplements, healthy snacks, and even sportswear, and payment can be made either by bank transfer or credit card. The gift will be sent directly to the sport team with a message of support from that fan. Many users on Sashiire are alumni from those same teams.
The platform was launched by Daigaku Sports Channel to create a better overall environment for college sports teams, lending them a helping hand. Funding or support provided from universities can sometimes be scarce, and many students juggle their sport and a part-time job in order to purchase their equipment. Compared to professional sports, there is a definite lack of support for college sports and games in Japan, and many competitions are played in front of little to no spectators. Sashiire was built as a solution to these problems.
We had a chance to speak briefly with Takuya Kato, the CEO of the company. He explains:
By showing support in ways other than just cheering, by actually giving to players, it not only helps teams financially but it will likely motivate players as well. So instead of building a platform to collect funds, we made Sashiire so that actual items that can be delivered right to the players.
The company plans to add sashiire for businesses, where (for example) an energy drink company could support college teams by sending its products.
With a platform like this one, college sports become a more engaging form of entertainment people, especially for local residents who may live near a particular school.
You can see more about how the Sashiire platform works in the video below.
See the original story in Japanese. Mercari, a flea market app launched by Japanese serial entrepreneur Shintaro Yamada, has been showing good numbers of late. Since the release of its Android app back on July 2nd, more than 50,000 users have put over 10,000 items up for sale using the marketplace. Kouzoh, the startup behind the app, introduced the iOS version of its app today, and also announced that it has fundraised 50 million yen (approximately $500,000) from East Ventures. Several hundred items submitted every day According to Yamada, they are struggling to acquire users but have started seeing good result in user activity. He explained: So far things are as we expected. In terms of user submissions, we saw lots of ladies clothes being posted, but we’ve seen also home appliances sold on the marketplace — so item posted vary. Several hundred items are submitted every day and the market is still small, but we’re seeing sound growth in deals between buyers and sellers on the platform. The startup itself might be best known for having a very high-profile management board. In addition to having ex-Zynga Japan GM Yamada as CEO, Hiroshi Tomishima (the founder at Bank of Innovation)…
Mercari, a flea market app launched by Japanese serial entrepreneur Shintaro Yamada, has been showing good numbers of late. Since the release of its Android app back on July 2nd, more than 50,000 users have put over 10,000 items up for sale using the marketplace.
Kouzoh, the startup behind the app, introduced the iOS version of its app today, and also announced that it has fundraised 50 million yen (approximately $500,000) from East Ventures.
Several hundred items submitted every day
According to Yamada, they are struggling to acquire users but have started seeing good result in user activity. He explained:
So far things are as we expected. In terms of user submissions, we saw lots of ladies clothes being posted, but we’ve seen also home appliances sold on the marketplace — so item posted vary. Several hundred items are submitted every day and the market is still small, but we’re seeing sound growth in deals between buyers and sellers on the platform.
The startup itself might be best known for having a very high-profile management board. In addition to having ex-Zynga Japan GM Yamada as CEO, Hiroshi Tomishima (the founder at Bank of Innovation) and Ryo Ishizuka (COO at Rock You Asia) are serving as the heads of engineering. They are a small team but their prominent skills and experience have contributed to the services solid operations to date.
Increased competition
When I spoke with Yamada, I found it interesting that he spoke about resources that we thought were lacking on our planet. He noted:
Any kind of resource is limited. You will need energy to create something new. If you have a PSP but don’t want to keep it, you will probably not be interested in selling it for a high price. But instead you likely need way to easily hand it over to someone else. We call it a sort of frictionless society. That’s what we want to help to make.
His concept is very similar to Craiglist in a way. There will be a way to share resources easily, rather than the complicated schemes often used on auction sites.
From my perspective, a flea market app is a form of C2C that everyday people — even less tech-savvy ones — can use without hesitation.
Yamada has previously involved in launching the Rakuten auction site. Based on the history of Japanese auction sites, he is predicting a high rise in flea market apps on smartphones.
It will be interesting to see if Mercari can get to the top of this increasingly competitive arena.
Rick Martin
Masaru Ikeda
Tokyo-based cloud startup 
Yukari Mitsuhashi
Takeshi Hirano
