Breaking News: Rakuten To Launch E-Commerce Business With Media Giant In Indonesia

Posted on May 26th, 2010 by Masaru IKEDA

Japanese e-commerce giant Rakuten just announced today it would launch a joint venture with Indonesian media conglomerate Global Mediacom to run a e-commerce platform service in the country.   Rakuten takes 51% stake in the joint venture which is capitalized at USD4.3M.  The joint venture will start the service in the latter half of this year and invite Indonesian SMEs to launch their own e-stores.

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Author Information  Masaru IKEDA has co-founded several system integration companies and consulting firms in Tokyo. He has been contributing serial columns to nationwide newspapers and IT periodicals, also he's currently serving as tech consultant for several web companies. His biography is here. His private blog is here.

Tags: Company, Japan, News // 1 Comment »

  • dedy

    First the Yahoo-Koprol deal and now this, seems everybody’s starting to take notice of the Indonesian market. In my experience Indonesian people tend to have the entrepreneurial gene so there should be no shortage of e-stores for this service.

    Not the first to cater to this segment (the well-regarded tokobagus.com launched several years back http://www.thejakartapost.com/news/2010/04/29/arnold-sebastian-introducing-online-business-schools.html ), but it’ll be interesting to see how rakuten’s backing factors in, and their approach to security/fraud & localised trading practices (ie. haggling)

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