Last week the audio/car electronics manufacturer, Pioneer, announced that it was selling a large private placement to Baring Private Equity in Hong Kong. The placement will be for JPY60bn, and appears to give Baring control of the struggling firm.
A company to catch our attention this last week was Huber, a matchmaker of mostly Japanese students acting as low-cost uncertified guides to foreigners who feel intimidated by the language barrier here.
Uber Japan pulled off a bit of a coup, by announcing completely unexpectedly that it was teaming up with Fuji Taxi of Nagoya and launching the Uber taxi app with Fuji.
Not challenging the big foreign firms who control the inbound market causes lost revenue not getting reinvested locally, and this hurts the development of new products and services.