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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Tencent reports Q2 revenue up 11% YoY to ~$30.4B, above ~$30B est., and net income of ~$8.3B, driven by surging WeChat advertising and resilient game spending (Bloomberg)

Bloomberg : Tencent reports Q2 revenue up 11% YoY to ~$30.4B, above ~$30B est., and net income of ~$8.3B, driven by surging WeChat advert...