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LINE invests in Venture Republic for 34% worth of equity ownership

Date:2018-07-12 14:56Source:ChinaTravelNews ReadingNumber: Times

LINE and Venture Republic Announce Strategic Partnership to provide “LINE Travel”, online travel service addressing the end-to-end needs of travelers by leveraging knowledge from Venture Republic’s “Travel.jp” and LINE’s mobile messaging platform.

11 July 2018, Tokyo - LINE Corporation (Headquarters: Tokyo, Shinjuku-ward, Chief Executive Officer: Takeshi Idezawa) and Venture Republic Inc. (Headquarters: Tokyo, Minato-ward, Chief Executive Officer: Kei Shibata) have entered into agreement for strategic partnership in the travel sector through capital and business relationship. 

Venture Republic Inc. operates “Travel.jp” (https://www.travel.co.jp/), a leading online travel metasearch and media for travelers in Japan with over 15 million monthly visitors. Users can search and compare over 1.1 million of airfares and package tours offered by 250 travel companies as well as 30,000 domestic accommodations and 1.3 million international accommodations. Furthermore, “Travel.jp” provides “Travel.jp Travel Guide,” an online media focusing on travel in which over 500 travel experts (travel writers/bloggers) share their ideas on destinations, accommodations and local activities. 

"LINE Commerce gateway" was introduced last year as a new concept enabling users to start every shopping journey from within LINE platform. Two new services were launched as part of this concept: "LINE Shopping" (a service that makes shopping for great deals fun for users) and "LINE Delima" (a service that lets users order food from more than 14,000 locations across Japan). By creating new touchpoints between users and businesses, LINE has been providing a unique and seamless shopping experience to users. 

LINE Travel (launched on June 28, 2018) is the latest service to join the LINE Commerce gateway, and will enable users to search, compare, and book domestic and overseas trips for travelers in Japan. 

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