GMO sets up a 50m USD fund specialized in blog ventures

* The GMO Group - a leading Japanese Internet services company - has set up this fund in its efforts to look for the next big thing in web business and to kickstart the blog business industry in Japan. As Yahoo, Rakuten, GMO and others search for the next wave of profits, I believe that this will lead to a tighter rationalisation of the blog business model and related technological development. It is a very auspicious development for both Naviblog and the nascent blog business industry.