Z Holdings Corporation(ZHD) and LINE Corporation announced on March 1 that the completion of the business integration between the two companies.
To develop all businesses with a focus on AI, the ZHD Group said that budgeting JPY 500B and planning to increase 5,000 engineers engaged in the use of AI, both in and out of Japan in the next five years.
Aiming for a revenue of JPY2 trillion and operating income of JPY225B in FY2023.
The ZHD Group has designated “Commerce,” “Local/Vertical,” “Fintech,” and “Social Services” designated as four focus areas, in addition to the established core areas: “Search/Web portal,” “Advertising,” and “Messenger.”
The ZHD Group, with 23,000 employees, has become one of Japan’s largest Internet corporate group that has a total of over 300 million users, 15 million corporate clients, and over 3,000 collaborations with municipalities; and that provides over 200 services in Japan.
Walmart has nabbed two veteran bankers from Goldman Sachs to help spearhead its new fintech start-up, as the company looks beyond retail to drive revenue.
高盛消费银行业务负责人欧麦 · 伊斯梅尔和另一位高盛银行家大卫 · 斯塔克也将离开高盛，加盟这家零售商。高盛发言人证实了他们的离职。
Omer Ismail, who leads Goldman’s consumer bank, and David Stark, another Goldman banker, are leaving for the retailer. A Goldman Sachs spokesman confirmed their departures.
With the hires, Walmart is putting money and muscle behind its financial services ambitions.
It plans to step up investments to make that happen, boosting them to about $14 billion for this year versus the company’s typical annual rate of $10 billion to $11 billion.
Walmart announced in January that it is creating a new company to develop unique, affordable financial products for customers and employees. It has teamed up with Ribbit Capital, a venture capital firm, but will own a majority stake in the start-up.
General Motors’ pivot to become an all-electric vehicle company by 2035 is starting to take shape as the automaker prepares to release two Chevrolet Bolt models this summer ahead of a flagship $113,000 GMC Hummer EV pickup later in the year.
The all-electric Bolts — a redesigned hatchback and a new crossover — will start at under $34,000.
The vehicles are expected to be the first in a full lineup of “affordable” EVs as the automaker brings down costs of its next-generation battery technologies.
All three vehicles are part of the automaker’s plan to launch 30 new or redesigned EVs through 2025 under a $27 billion investment plan in electric and autonomous vehicles.