Rakuten to expand in Asia as Japan online retailer chases Amazon
News On Japan via BusinessWeek -- Oct 12
Rakuten Inc., Japan's biggest Internet retailer, plans to expand in India and Australia as the outlook for slowing economic growth at home hurts demand at its online shopping malls.
"We're making very steady progress in terms of expanding our global presence," Chief Executive Officer Hiroshi Mikitani said in an interview in Tokyo yesterday. Rakuten aims to have 70 percent of sales transactions overseas by as early as 2020, said Mikitani, 47, Japan's third-richest man.
The retailer in the past three years announced more than $1.6 billion worth of purchases such as stakes in social network Pinterest and digital book seller Kobo Inc. as part of its strategy to catch up with Amazon.com. (AMZN) Mikitani, whose company's revenue is about one-tenth that of his U.S. rival's has a T-shirt that reads: Beat Amazon.
China's television regulator has ordered a crackdown on dramas about the country's battles with Japan during and before World War Two and demanded they be more serious, state media said on Friday, following viewer complaints about ludicrous storylines. (Reuters )
Shukan Post (May 24) conveys the difficulties experienced by other parts of the adult-entertainment biz in servicing customers from the communist nation.
A deri heru (“delivery health”) call-girl tells the tabloid that she is often requested to arrive at major hotels in the Shinjuku and Ikebukuro entertainment areas of Tokyo by Chinese visitors. (Tokyo Reporter)
Police on Friday said that a real estate company employee was stabbed by an unknown assailant in the lobby of an office building near JR Akihabara station. The man is currently in a serious condition in hospital. (Japan Today )