On November 18, Z holdings, the parent company of Yahoo Japan, and line held a press conference to announce that they had reached a basic agreement on the business merger. The total number of users of the two is more than 100 million in Japan. IT enterprises covering e-commerce, finance, social networking sites (SNS) and other major areas of network services will be born. It is expected to become a rival of Alibaba and Tencent in the Asian Internet market.
Yahoo Japan and line merger reached an agreement or become Alibaba's rival
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