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Yahoo! Auctions is a service set up by the online search giant Yahoo! in 1998 to compete against eBay. [2]There are currently only two localizations of the service active in Taiwan and Japan; Yahoo! has discontinued the service in the United States, Canada, Singapore, Hong Kong, United Kingdom and Ireland.
From Japan initially started as a Yahoo!Auctions Japan bidding proxy service in 2004. In the following year, the company added the service to order from major Japanese online shopping sites and continues to provide this service presently.
Yahoo Japan continued to use the Yahoo brand and operate independently. The deal marked the end of Yahoo's run as an independent company after over 20 years. Despite the acquisition, Yahoo Japan remained a separate entity, maintaining its own branding and operations distinct from Verizon's ownership of Yahoo's U.S. business.
Yahoo! Japan was a founding member of the Japan Association of New Economy (JANE, at the time named Japan e-business association), a Japanese e-business association led by Rakuten CEO Hiroshi Mikitani, in February 2010; Rakuten later withdrew from the Japan Business Federation (Keidanren) in June 2011 and made moves to make JANE become a rival to Keidanren.
Yahoo!, once one of the most popular web sites in the United States, is as of September 2021 a content sub-division of the namesake company Yahoo Inc., owned by Apollo Global Management (90%) and Verizon Communications (10%). It has offered a wide range of online sites and services since its inception in 1994, a majority of which are now defunct.
June 16, 2007: Yahoo! officially retires the Yahoo! Auctions service, except in some parts of Asia. [68] June 18, 2007: Yahoo! co-founder Jerry Yang replaces Terry Semel as CEO. [69] June 20, 2007: Yahoo! agrees to acquire Rivals.com. [70] June 28, 2007: Yahoo! UK/Ireland online auctions closes, but the Hong Kong sites are not affected. [71]
LY Corporation (LINEヤフー株式会社, Rain Yafū Kabushiki-gaisha, lit. ' Line Yahoo Corporation '), trading as LYC, [1] is a Japanese internet company owned by A Holdings, a joint venture between SoftBank Group of Japan, and Naver Corporation of South Korea, [2] founded in 2023 by the merger of Z Holdings, and four subsidiaries including Line Corporation and Yahoo!
In March 2021 Line Corporation officially merged with Yahoo! Japan , which had been operated by Z Holdings. [ 6 ] Upon integrating the two businesses and creating further platforms, the merged company aims to compete with the U.S. tech giants Google, Amazon, Facebook, and Apple and the Chinese tech giants Baidu , Alibaba , and Tencent , [ 7 ...