ZOZO INC.

PayPay will acquire a 70.2% majority stake in T&D Financial Life Insurance and will finance the acquisition from cash on hand. One Investment Management will buy 14.9% of the shares, and T&D Holdings will retain a further 14.9% after closing. Closing is scheduled for October 1, 2027, subject to regulatory approvals and conversion to IFRS; call and put options will be available three years after closing. In addition, PayPay and T&D have agreed a business alliance to develop digital insurance, health and senior services incorporating AI and digital technologies. » More on de.investing.com

SoftBank subsidiary PayPay went public on the NASDAQ, opening $19 above the $16 issue price; the stock was last quoted at $17.47. The company was valued at about $10.7 billion, the largest Japanese US IPO since 2016. The proceeds are intended to fund expansion into a comprehensive financial super‑app, including loans, insurance and investments, with possible overseas expansion. » More on finanzen.net

ZOZO posted a record GMV of ¥312.4 billion in the second quarter of fiscal 2025 (+11.9% y/y) and an EBITDA of ¥34.7 billion (+5.8% y/y), while the EBITDA margin slightly declined to 11.9% (-0.7 percentage points). The company cited the new K-Fashion zone, the partnership with Musinsa and increased investments in AI-powered offerings and customer reactivation as drivers. Despite weather-related demand setbacks, the buyer and member base remained stable and the stock rose 1.29% after the results. » More on de.investing.com

Tencent and the Japanese payment app PayPay are linking their systems so Chinese tourists in Japan can pay with WeChat Pay even if a merchant does not offer PayPay directly. Currency conversion is handled automatically and PayPay receives a fee per transaction. The move is likely to significantly boost transaction volume thanks to the Osaka Expo and the autumn travel season, and expands Tencent’s reach in Japan. » More on deraktionaer.de

According to Reuters, SoftBank is preparing an IPO of its payment app PayPay in the US, which could take place as early as the fourth quarter of 2025 and raise more than $2 billion. Goldman Sachs, JPMorgan Chase & Co, Mizuho Financial Group and Morgan Stanley are expected to guide the listing; size and timing will depend on market conditions. A successful IPO would strengthen SoftBank strategically and could have a positive effect on its stock in Tokyo. » More on finanzen.net