03 Sep '12, 6am

Is Japan a place for tech startups? via @e27sg

So you speak Japanese and you love the startup scene. The next thing to do then is to find out more about expanding your business to Japan right? But hold on, there are things you must first know about the economy. An article written by Yu Shinohara, founder and CEO of Tokyo based one-stop social communication platform service startup, EverConnect , states that the Japanese economy situation was getting worse since 2008 global financial economy shock. 114 companies had IPO at Tokyo Stock Exchange market in 2006, but only 23 companies managed to have IPO in 2009. ZERO foreign company had IPO at Tokyo Stock Exchange market since 2008. New generated funds have been decreasing since 2008. Most traditional Japanese large companies can not keep their own headcount and have since stop hiring. On the other side, lots of internet startups were born in these couple of years because ...

Full article: http://e27.sg/2012/09/03/is-japan-a-place-for-tech-startups/

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