{"id":11179,"date":"2010-11-22T02:02:06","date_gmt":"2010-11-21T17:02:06","guid":{"rendered":"http:\/\/asiajin.com\/blog\/?p=11179"},"modified":"2010-11-22T02:02:06","modified_gmt":"2010-11-21T17:02:06","slug":"japans-itochu-invests-in-hong-kong-and-taiwanese-e-commerce-sites","status":"publish","type":"post","link":"https:\/\/asiajin.com\/blog\/2010\/11\/japans-itochu-invests-in-hong-kong-and-taiwanese-e-commerce-sites\/","title":{"rendered":"Japan&#8217;s Itochu Invests In Hong Kong And Taiwanese E-Commerce Sites"},"content":{"rendered":"<p><a href=\"http:\/\/img.asiajin.com\/blog\/wp-content\/uploads\/2010\/11\/itochu_logo.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-11186\" title=\"itochu_logo\" src=\"http:\/\/img.asiajin.com\/blog\/wp-content\/uploads\/2010\/11\/itochu_logo.png\" alt=\"\" width=\"329\" height=\"66\" \/><\/a><br \/>\nMajor Japanese trading (and Fortune 500) company <a href=\"http:\/\/www.itochu.co.jp\/en\/\">Itochu<\/a> is making a foray into the Asian e-commerce space. According to The Nikkei, Itochu made two investments recently, having bought into Hong Kong-based online shopping company <a href=\"http:\/\/www.fortunelinkltd.com\/\">Fortune Link<\/a> (website is currently down) and Taiwan-based <a href=\"http:\/\/www.pchome.com.tw\/\">PChome<\/a>.<br \/>\nAbout 10% of each of these sites have been acquired by Itochu, The Nikkei reports. What&#8217;s interesting is that the Japanese company seems to have made the investments with the Chinese market in mind.<br \/>\nFor example, Fortune Link has built up a an express delivery network in China with the local (state-owned) postal services to get orders to customers faster. The site&#8217;s core business is to sell brand name products to Chinese online shoppers. Itochu plans to supply clothing, cosmetics and other apparel to Fortune Link and plans to have a total of 10,000 of such items listed in six months.<br \/>\nPChome, one of Taiwan&#8217;s biggest online shopping portals, currently offers more than 3 million different items (Alexa says it&#8217;s Taiwan&#8217;s <a href=\"http:\/\/www.alexa.com\/topsites\/countries\/TW\">No. 12<\/a> website overall). Itochu is reportedly planning to support PChome&#8217;s entry into other parts of Asia by taking over product procurement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Japanese trading (and Fortune 500) company Itochu is making a foray into the Asian e-commerce space. According to The Nikkei, Itochu made two investments recently, having bought into Hong Kong-based online shopping company Fortune Link (website is currently down) and Taiwan-based PChome. About 10% of each of these sites have been acquired by Itochu,&hellip; <a class=\"more-link\" href=\"https:\/\/asiajin.com\/blog\/2010\/11\/japans-itochu-invests-in-hong-kong-and-taiwanese-e-commerce-sites\/\">Continue reading <span class=\"screen-reader-text\">Japan&#8217;s Itochu Invests In Hong Kong And Taiwanese E-Commerce Sites<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[17,24,34],"tags":[1007,1240,1568,1767,2845],"class_list":["post-11179","post","type-post","status-publish","format-standard","hentry","category-japan","category-news","category-taiwan","tag-e-commerce","tag-fortune-link","tag-hong-kong","tag-itouch","tag-pchome","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/posts\/11179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/comments?post=11179"}],"version-history":[{"count":0,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/posts\/11179\/revisions"}],"wp:attachment":[{"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/media?parent=11179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/categories?post=11179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiajin.com\/blog\/wp-json\/wp\/v2\/tags?post=11179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}