InsideJapan News Network
Monday,
10th
May
2010
In Business In Japan,
In Business In Japan,
Yahoo! Japan teams up with Chinese retailer
Chinese online retailer Taobao has announced it is to join forces with Yahoo! Japan in a move which will see the two firms sell into each others' markets.
Under the plan, the two companies will come up with online platforms to allow each other to utilise the other's market share, with Yahoo! Japan Shopping now set to offer 50 million Chinese products carried by Taobao.
Taobao will sell eight million Japanese products on its sites.
Reporting on the news, the Financial Times noted that the move could be seen as a sign that "cross-border tie ups" between Asian internet firms are increasingly in use.
Masayoshi Son, Yahoo! Japan's chairman, said: "Now I can say that the internet development countries are in Asia. Together when we join strengths, we will be able to beat eBay in transaction volume."
Taobao is an online shopping and internet auction site that has a large share of the Chinese market.
Written by Mark Smith.
Related news stories:
Microsoft criticises Yahoo! Japan deal (28th July 2010)
Yahoo! Japan hints at Google team up (27th July 2010)
Microsoft 'may object' to Yahoo! Japan deal (5th August 2010)
Google beaten by Yahoo in Japan search engine rankings (27th November 2008)
Mobile phone ban in Japanese exams suggested (3rd March 2011)
Under the plan, the two companies will come up with online platforms to allow each other to utilise the other's market share, with Yahoo! Japan Shopping now set to offer 50 million Chinese products carried by Taobao.
Taobao will sell eight million Japanese products on its sites.
Reporting on the news, the Financial Times noted that the move could be seen as a sign that "cross-border tie ups" between Asian internet firms are increasingly in use.
Masayoshi Son, Yahoo! Japan's chairman, said: "Now I can say that the internet development countries are in Asia. Together when we join strengths, we will be able to beat eBay in transaction volume."
Taobao is an online shopping and internet auction site that has a large share of the Chinese market.
Written by Mark Smith.
Related news stories:
Microsoft criticises Yahoo! Japan deal (28th July 2010)
Yahoo! Japan hints at Google team up (27th July 2010)
Microsoft 'may object' to Yahoo! Japan deal (5th August 2010)
Google beaten by Yahoo in Japan search engine rankings (27th November 2008)
Mobile phone ban in Japanese exams suggested (3rd March 2011)
Latest Headlines
-
Click on a region above to expand
Order a
Hyper excited about Japan -
17/02/2012
InsideJapan meets Masterchef at Destinations - 27/01/2012
Show Time for IJT – Get your FREE tickets here! - 01/12/2011
Show all stories >>
InsideJapan meets Masterchef at Destinations - 27/01/2012
Show Time for IJT – Get your FREE tickets here! - 01/12/2011
Show all stories >>
Japan's Rakuten invests $100m in Pinterest -
18/05/2012
Solar power shining bright in Japan - 18/05/2012
Japanese economy grows during first quarter - 17/05/2012
Show Japan News archive >>
Solar power shining bright in Japan - 18/05/2012
Japanese economy grows during first quarter - 17/05/2012
Show Japan News archive >>
-2010.jpg "The Guardian, The Observer - Travel Awards 2010 Winner - Best tour operator (small)")
.jpg "Inside Japan Tours - Silver at the British Travel Awards 2009")
