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Articles on this Page
- 03/21/13--06:36: _Rakuten Officially ...
- 03/21/13--07:48: _Rakuten Splits With...
- 03/22/13--03:31: _MNC and Rakuten: Wh...
- 04/03/13--22:36: _Rakuten’s new USD 1...
- 04/04/13--00:10: _Coffee Chat: What R...
- 04/24/13--20:23: _1 Month After Repor...
- 05/10/13--19:10: _The Rakuten Startup...
- 05/28/13--00:05: _An inside look at R...
- 05/29/13--01:48: _Rakuten Remains Com...
- 06/20/13--22:25: _Rakuten Sees Huge G...
- 07/02/13--02:10: _Brace Yourselves: e...
- 07/03/13--00:21: _Rakuten Taiwan Gets...
- 07/03/13--22:20: _ViSenze’s visual se...
- 07/16/13--00:42: _5 Reasons Why There...
- 08/02/13--07:53: _Rakuten Global E-co...
- 03/22/13--03:31: MNC and Rakuten: Why the Sudden Break Up?
- 05/10/13--19:10: The Rakuten Startup Challenge 2013
- 06/20/13--22:25: Rakuten Sees Huge Growth in Malaysia
- 07/02/13--02:10: Brace Yourselves: eBay Will Open Marketplace in Indonesia Soon
- 07/03/13--00:21: Rakuten Taiwan Gets Visual, Lets You Find Fashion From Photos
- 07/16/13--00:42: 5 Reasons Why There Is No Southeast Asia Kool Aid
- 08/02/13--07:53: Rakuten Global E-commerce Expansion Weighs Down Q2 Profits
Japan’s e-commerce behemoth Rakuten officially ends its joint ventures in Indonesia with PT Media Global (MNC) for Rakuten Indonesia (PT Rakuten-MNC). After signing the agreement back in 2010 with 51% (Rakuten Japan) and 49% (MNC). This is the second time Rakuten terminates joint venture partnership after the dissolution of its China operations. The rumor about [...]
(Updated on March 25th: MNC confirms the break-up and is now looking to sell its 49 percent share back to Rakuten. The Indonesian company says the reason is that Rakuten and itself have principally different visions for the e-commerce business. It seems the site will remain alive, but it’s not clear how much Rakuten will... Read more »
Last night’s news of Rakuten (JSD:4755) breaking up its joint venture with MNC in Indonesia sent shockwaves through the entire tech ecosystem. It could spell the end of Rakuten’s e-commerce business in Indonesia. But why the sudden break? So far there’s no clarification from either Rakuten or MNC – and no response to our queries... Read more »
Rakuten, the e-commerce giant from Japan with a global presence, announced today that it has set up a USD 10M fund in Singapore that will be investing in startups primarily from Taiwan, Thailand, Indonesia and Malaysia. These are countries that Rakuten is focusing its business activities on. That said, Shin Hasegawa, director at Rakuten Global Marketing Office, does [...]
The post Rakuten’s new USD 10M Asian fund seeking to invest in region’s startups appeared first on SGE.
Currently onstage now is the founder of Thailand’s e-commerce site Tarad.com, Pawoot Pongvitayapanu or Pom. Interviewed by Willis Wee, Pom talks about the lessons he learned after Japan-based e-commerce giant Rakuten bought a majority stake of Tarad in 2009. #15:02: Tarad is a marketplace and it was started in 2001. Pom said that it was... Read more »
Nikkei first broke the news last month that the joint venture between MNC and Rakuten (JSD:4755) is over in Indonesia. We reached out to both MNC and Rakuten but no one wanted to speak about the situation on the record. The e-commerce site Rakuten Belanja Online is still running, though who knows what’s going on... Read more »
Fresh from launching a new USD 10M fund to invest in Asia’s startups, global internet and e-commerce giant, Rakuten is making a new move to engage the region’s entrepreneurs. The Rakuten Startup Challenge’13 is a new competition targeted at aspiring e-commerce entrepreneurs based in Singapore who are interested to actually create online stores under hands-on [...]
Things are looking up for the region’s e-commerce scene with a recent spate of activities involving the 3 Rs — Rocket Internet, Reebonz, and Rakuten. Rocket Internet and Reebonz have come under the spotlight for their massive funding rounds, while Rakuten – a Japanese e-commerce giant with USD 4.7B revenue — has made a USD 10M commitment to [...]
The post An inside look at Rakuten’s expansion and investment plans for wider Asia appeared first on SGE.
Rakuten’s (JSD:4755) Indonesian e-commerce site, Rakuten Belanja Online (RBO), turns two-years old today.
Today DigitalNewsAsia reports that Japan-based e-commerce site Rakuten (4755:JP) is making solid progress in Malaysia. Not only is the company recording strong growth on its Rakuten.com.my site, but they also revealed their plans in the Asia-Pacific region. Since opening its shopping platform in Malaysia in November last year with 11,000 goods, the Rakuten Malaysia site... Read more »
The e-commerce battle is getting even hotter in Indonesia with many major players looking to take the top spot here. Who’s the latest entering the field? eBay. We spoke with Widi Nugroho, the CEO of news portal PlasaMSN (a joint venture between Telkom Indonesia and Microsoft) today, who revealed to us what eBay has in... Read more »
E-commerce site Rakuten Taiwan has partnered with visual search platform ViSenze today to bring the startup’s visual search technology to Rakuten’s fashion shopping discovery feature. Claiming to be the first of its kind in Taiwan, we found that the feature is definitely fun to use. The photo search works on the Rakuten Taiwan ‘Funsearch’ page... Read more »
Text input search is passe. These days, it’s all about voice and image recognition, as seen in Apple and Google battle against one another. While the two tech giants are duking it out in open warfare, a Singapore startup called ViSenze — a spin-off from an NUS research project — has entered the search arena [...]
The post ViSenze’s visual search tech on Rakuten Taiwan has promise, but can’t handle OOTD images appeared first on SGE.
So it seems we got us a little debate here on the topic of startups in Southeast Asia, so I’d like to add some fuel to the flame. Oliver Segovia, founder and CEO of AVA Online, makes the point that there is way too much hype around startups attacking Southeast Asia, and that VCs are... Read more »
The aggressive international expansion of Japanese e-commerce giant Rakuten has continued to put pressure on the firm's bottom line but it is confident the "super sales" and B2B2C business model, popular in its homeland, will help it steal Amazon's mantle as the world's No. 1 e-commerce firm.
The post Rakuten Global E-commerce Expansion Weighs Down Q2 Profits appeared on ASEANSTARTUP.