Poshmark is shutting down its international businesses — operations in India, Australia and the U.K. — as the social shopping marketplace shifts attention to “core markets,” th
In July last year, Naver, maker of the search engine known as the “Google of South Korea,” opened its new second headquarters, Naver 1784. The building’s name refers to a year commo
South Korean internet search company Naver on Thursday rolled out its own generative artificial intelligence tool, HyperCLOVA X. The company’s large language model (LLM) offers services such as
Critics have long discredited non-fungible tokens as overpriced JPEGs sold by people who want to make quick bucks. NFT believers want to prove them wrong and show that these certificates of digital ar
Kream, a luxury resale platform owned by Naver, has closed a $168 million Series C round at a valuation of $742M.
Wallapop — a peer-to-peer marketplace based out of Barcelona that made a splash at the peak of the COVID-19 pandemic with consumers who were looking for more localized, less wasteful, and more ecofr
Naver is using its acquisition of Poshmark to expand in North America and Europe as it grows its consumer-to-consumer marketplace business.
The stock price of South Korea’s internet giant Kakao tumbled on Monday after a fire at a data center that cut off power on Saturday, causing several service malfunctions. The blaze at the SK C&
Let's chat through the Naver-Poshmark deal's numbers and consider how the late-2022 M&A market differs from that of mid-2021.
Naver, the South Korean search giant, today announced it plans to acquire secondhand apparel marketplace Poshmark for $1.2 billion in cash. The deal values publicly traded Poshmark’s shares at $
According to eMarketer, Japan and Korea’s e-commerce markets were estimated at $144 billion and $121 billion, respectively, in 2021. Despite the large e-commerce market size, both countries have fe
Investors are justling to find the next killer app for the metaverse. BUD, an app that allows users to create their customizable 3D experiences and interact with others, said today it has landed $15 m
South Korean internet conglomerate Naver Group continues to ride the hottest internet trends targeting young users. It has been the name behind messaging giant Line and popular selfie app Snow. And no
Toronto-based Wattpad is officially part of South Korean internet giant Naver as of today, with the official close of the $600 million cash and stock acquisition deal. Under the terms of the acquisiti
Through all of the last year’s lockdowns, venue closures and other social distancing measures that governments have enacted and people have followed to slow the spread of COVID-19, shopping R
Wattpad, the 14-year-old, Toronto-based, venture-backed storytelling platform with reach into a number of verticals, is being acquired by Naver, the South Korean conglomerate, in a $600 million cash-a
True Balance, a South Korean startup which runs an eponymous financial services app aimed at tens of millions of users in small cities and towns in India, said on Wednesday it has raised $28 million i
Some of you may recall the South Korean app Zepeto that went viral among Gen Z users a year and a half ago. The app, which renders selfies into animated avatars and lets people adorn their computer-ge
SoftBank Corp. announced today that it has reached an agreement to merge with Z Holdings (the SoftBank subsidiary formerly known as Yahoo Japan) and Line Corp., in a move they hope will better positio
It’s been a tricky past few years for HappyFresh, the startup seeking to bring Instacart-like grocery deliveries to Southeast Asia. It has been through a series of rebuilding measures, but there
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