New joint ventures with Cyberagent, Gree, manga publishers, and Sony Music will boost Line's position as much more than a messaging service.
The move opens a backdoor for Line to enter overseas markets.
Snapeee will use the funds to expand its business to 10 million registered accounts by the end of the year. Key markets will be Indonesia and Thailand.
The Line juggernaut continues today with the app’s makers, NHN, adding free e-books within the social messaging app. While this doesn’t yet represent a threat to Amazon or Apple’s trade in e-books in ...