Japan’s Line launches $42 million fund, looking to diversify revenue stream



Japanese internet messaging company Line announced today that it has founded a new fund focused on investing in e-commerce, payments solutions, O2O (online-to-offline), media, and entertainment sectors, called Line Life Global Gateway.

This is part of the efforts which was announced at the company’s annual showcasing event last October, aiming to diversify its revenue stream beyond messaging related services.

The fund is planned to be worth around 5 billion yen (about $42.1 million) and operated for ten years since 4th February under the responsibility of Line’s CSMO (chief strategic marketing officer) Jun Masuda.

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Via TechCrunch Japan / Impress NetShop Tantousha Forum