À̹ÌÁö È®´ë Korean platform giant Naver vowed to go more aggressive on M&As to beef up contents capabilities.
¡°Naver is aggressively looking for companies that have assets and capabilities in the shopping and webtoon sectors as we are still hungry in the segment,¡± said Yang Sang-hwan, chief of Naver¡¯s startup accelerator D2SF, at an online press briefing on Tuesday. He said his team makes investments in companies that Naver could consider M&A later, which is why it makes approaches in companies at growing stage.
Naver maintains both of the top-down and bottom-up management approaches when it comes to the M&A deals, he said.
À̹ÌÁö È®´ë Naver¡¯s D2SF chief Yang Sang-hwan
D2SF have invested 40 billion won ($35.9 million) in 70 startups since it was founded six years ago. The startups have raised a total funding of 337.8 billion won, and their corporate value have grown more than six times to 1.3 trillion won. Almost 70 percent of them successfully netted follow-up investments and the survival rate reaches 99 percent.
Most of them are engaging in business-to-business (B2B) business and more than half of them are developing artificial intelligence (AI) technologies. More than 70 percent are in talks with Naver to find opportunities to collaborate.
¡°We have realized that there is a limit to what Naver can do alone,¡± said Yang. ¡°So theoretically and ideally, we must seek cooperation with companies with innovative technologies. Still it is not easy to the thought into reality.¡±
By Pulse
[¨Ï Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]