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Kakao Japan ranked no. 1 in non-game app sales in Japan & 12th in global sales

Kakao Japan (CEO Kim Jae-yong) reported that according to the report presented by the global app research company App Annie, Piccoma was ranked no. 1 in total sales among all non-game apps in Japan’s two major app markets (Apple App Store, Google Play) in July. It is ranked 12th in the world rankings on the same basis (total sales from two app markets, excluding games). This is the first time that Piccoma, a latecomer of the Japanese comic platform, has ranked first since its launch of service in April 2016.

Kakao Japan Kakao Japan ranked no. 1 in non-game app sales in Japan & 12th in global sales

Since the launch of the service, Piccoma’s sales have more than doubled every year. And its transaction volume in 2Q20 increased 2.5 times compared to the previous year and 61% QoQ. From 4Q19 to 2Q20, operating profit was surplus for three consecutive quarters, and profitability is also growing significantly.

Japan’s comics market no. 1 in the world

Japan’s comics market is the no. 1 in the world with a size of about 5.7 trillion won, and last year, for the first time ever, sales of the digital comics market beat the sales of the paper comics market. Digitally, unlike Korea where comics are viewed through apps, there is a web comics market with a size of 2.15 trillion won in Japan, and the app comics market to which Piccoma belongs is sized about 800 billion won, less than half of the level. As mobile content consumption is expected to be active in the Japanese market, Piccoma’s drastic growth is also expected to continue.

Webtoon fascinate Japan !

One of the driving forces that fascinated the Japanese comics fans is webtoon, the Korean-style business. Webtoons are optimized for mobile and are gaining great popularity among younger generations who prefer snack culture contents. Piccoma is receiving high-quality K-story IP (intellectual property rights) from Kakao Page, one of Kakao apps. As of July, of Piccoma’s 30,000 works, the number of webtoons accounts for 1.3%. But it is experiencing explosive popularity, taking 35-40% of the total transaction value.

Looking at the recent trend of popular works, a portfolio of diverse cultural background has established in the top ten sales made up of 5-6 Korean works, 3-4 Japanese works. And one Chinese work, heightening the anticipation for future growth. As the works from Korea, Japan, and other countries are receiving attention at the same time. Piccoma users are gaining the environment to enjoy a variety of high-quality works.

Piccoma’s ranking no. 1 one in the app market sales for the first time is a very meaningful record. Considering the entire comics market in Japan, now is the real start of the growth. Together with Kakao Page, we will develop the competitiveness of the webtoon to continuously lead the growth of global comics market.

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Leo Thevenet is a technology enthusiast and a devoted fan of the startup world. His journey began after completing his Bachelor's degree in Software Engineering in France. However, it was his experience earning a Master's degree in IT from the prestigious Tsinghua University in Beijing, China, that truly ignited his passion for innovation and entrepreneurship. With an insatiable desire to learn and share, Leo brings you the latest updates and insights on the startup scene. His enthusiasm for global innovation knows no bounds, and you'll often find him attending and covering major startup events worldwide. From CES and Web Summit to Slush and beyond, Leo is your go-to source for news and trends in the tech industry. Thanks to a strategic partnership with a government association in South Korea, Leo also delivers exclusive updates on cutting-edge innovations from the region. Stay tuned to Startup World to benefit from Leo's wealth of knowledge and expertise as he continues to explore the ever-evolving landscape of startups and technology.

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