Japan’s state of emergency over the novel coronavirus that requested people to remain at home has turned out to be a boon for GMO Internet and turned its founder, Masatoshi Kumagai, into a billionaire. Kumagai saw his net worth hit $1 billion as shares of his Tokyo-based company soared on the back of increased internet usage in Japan. GMO Internet provides internet infrastructure, such as cloud storage and web hosting; online advertisements and media; online banking and cryptoassets. Investors are optimistic about the Japanese internet company’s future growth as more people went online during the country’s emergency ... (full story)