Tuesday, May 16, 2023

After decades of slumber, Japan's tech industry, which has produced just 10 unicorns, finally shows some signs of life as its startups raised ~$6.4B in 2022 (Roland Kelts/Rest of World)

Roland Kelts / Rest of World:
After decades of slumber, Japan's tech industry, which has produced just 10 unicorns, finally shows some signs of life as its startups raised ~$6.4B in 2022  —  After decades of slumber, the country that brought us bullet trains and Nintendo has mustered some momentum.



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...