Yahoo Japan launches VC fund - report
Yahoo Japan has joined the corporate venture capital club by launching a JPY1 billion ($12.8 million) fund. It will principally target start-ups in the smart phone, internet advertising and cloud computing spaces.
The VC subsidiary - YJ Capital - will be entirely sponsored by Yahoo's own balance sheet, according to Nikkei. The internet company also announced a $12.8 million acquisition of Tokyo-based mobile content...
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