Matthews Japan Fund Comments on Yahoo Japan

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Aug 06, 2019

Regarding new positions, we initiated a position in Yahoo Japan (TSE:4689). The company in May announced a corporate structure change resulting in Altaba and SoftBank Group selling out and Yahoo Japan coming under the umbrella of SoftBank's domestic telecom business. The company can now focus on online ads and e-commerce, two bright spots of growth in Japan.

From Matthews Japan Fund (Trades, Portfolio)'s second-quarter 2019 shareholder letter.