Yahoo! (YHOO) is Big in Japan
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Just because Yahoo! (Nasdaq: YHOO) is catching flak in the US doesn't mean the entire world shares the same viewpoint...
According to Japanese blog Asiain, Dropbox rival Yahoo Box! has accumulated about 1 million users in the first three months of being available in Japan. Additionally, about 51 percent of users are paying customers, meaning more users choose to pay instead of getting a free service. Yahoo Box! is like a cloud storage system not unlike what other tech companies are offering, and users get about 5-gigabytes of storage space for free.
Yahoo! Japan premium users will get ten times the base amount, or 50 GB of storage. There's even plans for up to 1 terabyte of storage for roughly $3.90 per month.
Of the total, Yahoo Box! is mainly used for images (65.4 percent), documents (8.2 percent), music files (3.4 percent), and videos (0.7 percent).
Here's the thing, though: Yahoo! Japan is a joint venture with Softbank, which owns 35 percent of the venture. Recently, Yahoo! announced the appointment of Scott Thompson to the role of CEO, taking the reins after months of uncertainty. One of Thompson's first changes is raising capital for Yahoo!, which is planned to commence through a "cash-rich split-off" scheme. In one part of that scheme, Yahoo! is likely to reduce it's stake in the Japan joint venture in an effort of raise capital.
Yahoo! shares are down 0.8 percent Monday.
According to Japanese blog Asiain, Dropbox rival Yahoo Box! has accumulated about 1 million users in the first three months of being available in Japan. Additionally, about 51 percent of users are paying customers, meaning more users choose to pay instead of getting a free service. Yahoo Box! is like a cloud storage system not unlike what other tech companies are offering, and users get about 5-gigabytes of storage space for free.
Yahoo! Japan premium users will get ten times the base amount, or 50 GB of storage. There's even plans for up to 1 terabyte of storage for roughly $3.90 per month.
Of the total, Yahoo Box! is mainly used for images (65.4 percent), documents (8.2 percent), music files (3.4 percent), and videos (0.7 percent).
Here's the thing, though: Yahoo! Japan is a joint venture with Softbank, which owns 35 percent of the venture. Recently, Yahoo! announced the appointment of Scott Thompson to the role of CEO, taking the reins after months of uncertainty. One of Thompson's first changes is raising capital for Yahoo!, which is planned to commence through a "cash-rich split-off" scheme. In one part of that scheme, Yahoo! is likely to reduce it's stake in the Japan joint venture in an effort of raise capital.
Yahoo! shares are down 0.8 percent Monday.
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