Japan-based Rakuten has taken a minority stake in Fanli.com, one of China’s online rebate and rebate-based flash sale companies. The C-series round values the Chinese online shopping company at approximately USD1 billion. As part of this investment, Kevin H. Johnson, CEO of Ebates, a Rakuten Group company, will join Fanli’s board of directors. Rakuten’s investment […]
Chinese third-party Internet payment company Alipay revealed that the company has reached a deal with South Korean website Lotte.com to provide a RMB payment channel to Chinese users who shop on the website. Furthermore, the products purchased on the website will be directly shipped from South Korea to China. Lotte.com and the Lotte duty free […]
Singapore video service provider Viki has formed a partnership with Chinese search engine Baidu. Headquartered in Singapore, Viki hails itself as the “Hulu outside America”. In September 2013, the company was acquired by the Japanese e-commerce giant Rakuten for USD200 million. Viki is mainly engaged in providing high-quality movies and TV programs. With the help […]
Chinese Internet search engine company Baidu.com announced last week that it has started business adjustments concerning its Youa platform, and the consumer-to-consumer business of the platform will be closed in one month.
The B2B2C joint venture established by the Chinese search engine company Baidu and the Japanese e-commerce operator Rakuten has announced that it has formally adopted the Chinese name “Le Ku Tian” as the brand name of its online service platform Rakuten.com.cn, which is currently opened to e-commerce vendors for registration.
Three months after Baidu’s announcement of its plan to set up a joint venture with the Japanese e-commerce operator Rakuten, the JV was formally founded in Beijing’s Tongzhou district last week.
The public relations department of Chinese search engine Baidu.com has confirmed to local media that Li Mingyuan, general manager for Baidu.com’s Internet shopping branch Baidu Youa, is departing the company for personal reasons.
Days after it was reportedly attacked by Iranian hackers and the company’s chief technology officer quit, Chinese search engine Baidu.com has tried to change its wayward momentum with a newly inked joint venture with a Japanese e-commerce website.
