June 18, 2012

Recruit Co To Invest In US, Asian Start-Ups

Recuit Co., a major information service provider, has set up 2 funds, valued at approximately 3 billion yen in total, to invest in promising internet start-up firms in Asia and the US, according to The Nikkei. Recruit will focus on investment in next-generation technologies in the US using the 1 billion yen fund and set aside the rest for opportunities in Asia. The company has already set up an office in California's Silicon Valley area.

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