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Rakuten to shut China Net 'mall' [japantimes.co.jp]
Japan's top online retailer, Rakuten Inc., will scrap a joint virtual shopping venture with Chinese Internet giant Baidu, citing cutthroat competition in the rapidly expanding e-commerce sector.
The two firms rolled out a virtual shopping mall called Lekutian in China in October 2010, but the venture has struggled and will be shut down by the end of May, Rakuten said Friday.