NewsPicks establishes a new Joint Venture with Dow Jones
[May 22nd 2017] Tokyo-headquartered Uzabase, Inc. announced that NewsPicks, Inc., its wholly- owned subsidiary, will make a Business Alliance with Dow Jones & Company, Inc..
Alongside this agreement, a Joint Venture will be established to launch NewsPicks US Edition in the United States.
The capital of this joint venture will be increased to $3 million in May 2017.
NewsPicks is a business and economic news platform integrated with social media sharing functions. It delivers business and financial feeds from over 90 media in Japan and around the world together with NewsPicks original contents to its users, “Pickers.”
NewsPicks’s social functions enable a news “Picker” to share his comments or analyses with fellow “Pickers” by “picking” news of his interest.
Currently, NewsPicks counts 2.2 million “Pickers” as its users, among which include industry influencers, professional economists, and high profile entrepreneurs.
Cross-border Business Development
With Dow Jones’s strong tie with media worldwide as well as its world-class contents, like the Wall Street Journal and Factiva, Uzabase Inc. believes that the collaboration with Dow Jones will make it possible for NewsPicks to build strong presence in the US market and to accelerate Uzabase, Inc.’s overseas business development in the fastest time frame possible.
With the corporate mission of delivering “Business Intelligence to Change Your World” to its users, Uzabase Inc. deems overseas business development as an essential strategy to organic growth for the company.
NewsPicks, Inc. and Dow Jones & Company will each own a 50% stake in the new joint venture, established in Delaware and headquartered in New York, USA.
Long before its IPO in 2016, Uzabase Inc., also the operator of SPEEDA – a business intelligence platform known for its deal sourcing and target screening functions – had strategically set up local offices in Singapore, Hong Kong, Shanghai back in 2013 and Sri Lanka in 2016, and is currently actively seeking talents to increase its headcounts in Asia Pacific.
NewsPicks’s advancement in the US market marks a significant step of Uzabase Inc.’s overseas expansion.
Uzabase Inc. is listed on Tokyo Stock Exchange on 21st October 2016.
UZABASE Platform owner of SPEEDA and NewsPicks, Uzabase Inc., is founded in Tokyo in 2008 by Yusuke Inagaki, Yusuke Umeda and Ryosuke Niino, who are former investment bankers and consultants. Understanding data mining and researching process can be a tedious process, the three founders decided to establish SPEEDA, a user-friendly industry and corporate intelligence platform which empowers professionals to “work smarter and more creatively”. Currently,
SPEEDA Launched in 2009, SPEEDA, the flagship service of Uzabase Inc., is a one-stop platform for industry and corporate intelligence. SPEEDA provides business and investment professionals speedy access to 3.45 M company data (listed & private), 1.5 M&A deals and country-specific industry trends across over 560 industries.
NEWSPICKS NewsPicks is a business and economic news platform integrated with social media sharing functions. It delivers business and financial feeds from over 90 media in Japan and around the world together with NewsPicks original contents to its users, “Pickers.” News “Pickers” then pick news of their interests and share on their home page, with comments or in-depth analyses with fellow “Pickers.” Currently, NewsPicks counts 2.2 million “Pickers” as its users, among which include industry influencers, professional economists, and high profile entrepreneurs.