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Line hunts for acquisitions with $1.3bn IPO war chest

  Bloomberg Line Corp. plans to use part of the $1.3 billion it garnered from last month’s initial public offering to bankroll acquisitions of content and technology, transforming its messaging service into a one-stop shop for Asian social media users. Japan’s most popular messaging service is gunning for companies in areas ranging from artificial intelligence chatbots and advertising to video ...

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FB takes first step towards making money from WhatsApp deal

  Bloomberg Facebook Inc. is laying the groundwork for its free messaging service WhatsApp to begin making money, easing its privacy rules so data can be used for Facebook advertising and allowing businesses to message its more than one billion users. It’s the first step toward monetizing the platform since the social network’s Chief Executive Officer Mark Zuckerberg paid $22 ...

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Apple to plan iPhone for Japan with tap-to-pay for subways

  Bloomberg Apple Inc. is planning a new iPhone feature for Japan that will enable users to pay for mass-transit rides with their smartphones instead of physical payment cards. A future iPhone will include technology called FeliCa, a mobile tap-to-pay standard in Japan developed by Sony Corp., according to people familiar with the matter. The FeliCa chip will let customers ...

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