February 8, 2018 / 12:47 AM / 10 months ago

Japan's KDDI, Daiwa Sec tie up in smartphone asset management

TOKYO (Reuters) - Japanese telecoms operator KDDI Corp and Daiwa Securities Group Inc said on Thursday they have joined hands to offer asset management services, including using smartphones to target younger investors.

Their joint venture, established on Jan. 4, is 66.6 percent owned by KDDI and 33.4 percent by Daiwa, they said in a joint statement.

Reporting by Chang-Ran Kim; Editing by Stephen Coates

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