Sumitomo Corporation announced on March 7 that their online pharmacy Soukai Drug (soukai = briskness in Japanese) is going to expand into China and Indonesia this year. Their Shanghai and Jakarta subsidiaries are already set up. Trial in Shanghai is planned to begin in late April, Jakarta service will start in late August.
Sumitomo, one of Japan’s almighty general trading houses (sogo shosha), will buy a 34% stake in Hachette Fujingaho [JP], the Tokyo-based subsidiary from Lagardère Active, a media conglomerate headquarted in Paris. The two companies already signed a basic agreement on January 14 with the deal being worth 5 billion Yen (55 million USD/42 million Euros). Sumitomo… Continue reading Japanese and French giants shake hands in e-commerce deal