The name of the joint venture between Naver Hae Jin Hae-jin (GIO) and Softbank Chairman Son Jeong-eui was finalized as A Holdings (AHD).
Softbank renamed A Holdings (a company jointly established by Naver and Softbank) as part of the management integration between LINE and Yahoo Japan at the extraordinary general shareholders’ meeting held on the 24th.AHD).
A Holdings, Naver founder Lee Hae-jin, global investment manager (GIO) And Ken Miyauchi, CEO of Softbank (CEO) Will serve as the co-CEO.
Z Holdings, which owns LINE and Yahoo Japan, has over 100 million monthly users in Japan. SoftBank and Naver each have a stake in A Holdings 50In %, it is a structure in which Z Holdings actually operates the line with Yahoo Japan, with Z Holdings under A Holdings.
Line and Yahoo Japan plan to complete management integration in March. Through this integrated joint venture, Naver began to enter the Naver platform globally. Naver last January 20It has acquired Whatpad, the world’s largest web fiction platform. Whatpad is evaluated for building a loyal readership centered on North America.
Naver is the number of monthly users 7200With Naver Webtoon 9000It is a strategy to dominate the global content market through synergy among all people. Naver collaborated with Z Holdings to create artificial intelligence (AI) It plans to introduce technology to the Japanese market.
Naver’s strategy is to grow into a leading company in the European and American markets, focusing on storytelling content, through the launch of this integrated joint venture and the acquisition of Watpad.
In fact, in January, after a week after Naver acquired Whatpad 27At work, we cooperated with Big Hit Entertainment toV-Live)’and Weverse to create a new global fan community platform. It plans to lead the global entertainment content market through a joint venture with a domestic entertainment company.
Actually, Naver prior to the collaboration YGentertainment, SMIt is also collaborating with entertainment through investments.
Since the end of 2019, GIO Haejin Hae-jin and Chairman Jeong-eui Son have agreed on management integration between the two companies and have promoted the launch of a joint venture. It is a strategy to lead the global content market as well as the Japanese market against Chinese Tencent.