Welcome to WebmasterWorld Guest from 54.196.244.186

Forum Moderators: bill

Message Too Old, No Replies

Japan's Rakuten opens e-shopping mall in China with Baidu

Lekutian

     
4:01 am on Oct 20, 2010 (gmt 0)

Administrator from JP 

WebmasterWorld Administrator bill is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

joined:Oct 12, 2000
posts:14480
votes: 49


Rakuten is #1 in Japan for the e-mall business, but Baidu is still playing catch-up to Alibaba's holdings in China. This could be an interesting tie-up.

Japan's Rakuten opens e-shopping mall in China with Baidu [news.yahoo.com]

Japan's top Internet retailer Rakuten and its Chinese partner Baidu on Tuesday launched a new online shopping mall in China, despite heightened bilateral tensions between the two countries.

The virtual marketplace, called Lekutian, will offer goods such as apparel, fashion accessories, furniture, home electronics and appliances, digital equipment and cosmetics, the firms said in a joint statement.

The e-mall is operated by their joint venture, owned 51 percent by Rakuten and 49 percent by Baidu, while the two will jointly invest 50 million dollars over three years in the business.