Gojek Investment Extends Cool Japan Fund’s Expansion Into Entertainment

📆 25/10/2019 03:42:00
📰 Variety

⏱ Reading Time:
25 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Earlier this month, the Cool Japan Fund announced an investment of JPY5.5 billion ($50 million) into Gojek, a large tech startup in Indonesia. Gojek simultaneously confirmed its expansion from ride…

, a large tech startup in Indonesia. Gojek simultaneously confirmed its expansion from ride hailing and food delivery into streaming video.

“[This investment in Gojek] was decided under very strict screening,” said Naoki Kitagawa, a former representative director of Sony Music Entertainment , who became president and CEO of Cool Japan in June last year. Critics say that the public-private funding structure allows for a lack of accountability regarding performance.

Cool Japan has been a regular investor in entertainment, and funding Gojek’s move into media was not Cool Japan’s first investment in streaming.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The CEO of Harvard's endowment is 'not pleased' with its 6.5% return in 2019 - Business InsiderThe university's fund is in the midst of an overhaul as its CEO allocates more capital to outside money managers and cuts out legacy investments. Yeah, what a scrub ..
Source: BusinessInsider - 🏆 729. / 51 Read more »