Line is being taken private by SoftBank's domestic internet business Z Holdings in a deal raising expectations that the chat app's operations will serve as a gateway to overseas expansion. SoftBank-backed Grab also delivers food in Thailand
TOKYO/SINGAPORE: Line Corp's food delivery business in Thailand is gearing up for a prolonged battle with players ranging from SoftBank-backed Grab to banks after a merger with a listings heavyweight and an outside capital injection.
Expansion in food delivery by chat app operator Line in its second-largest market comes as the sector grows globally through the novel coronavirus pandemic but as questions linger over how companies will turn a profit.
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