NTT, Rakuten to start online auction co.

Oct 12, 2005

NTT DoCoMo and Rakuten announced late Tuesday they would be starting up an Internet auction house jointly.

Japan's mobile-phone carrier and Internet retailer will be joining forces to compete against Yahoo! and Softbank, which dominate the country's online auction scene.

In a news release, the two companies said Rakuten Auction will start up in December, with DoCoMo holding 40 percent of the startup's total shares. The company will be targeting not only customers who bid online via their personal computers, but also on their mobile phones as well.

Copyright 2005 by United Press International

Explore further: MasterCard pay by face verification to start as pilot program

Related Stories

Japan's Rakuten defends e-mall charging model

Oct 21, 2013

The multi-millionaire boss of Japanese e-mall operator Rakuten on Monday defended the pay-model that levies charges on merchants, ignoring a move by arch-rival Yahoo Japan to eliminate fees.

Recommended for you

Solar Impulse 2 pilot becomes aviation legend

4 hours ago

At 62 years of age, Swiss Solar Impulse 2 pilot Andre Borschberg has made aviation history with a record breaking solo flight across the Pacific that he has called "an interior journey".

Facegloria: Facebook for Brazil's Evangelicals

5 hours ago

Fluffy clouds waft across a blue sky as you log in and while you chat with friends, Gospel music rings out: welcome to Facegloria, the social network for Brazilian Evangelicals.

Mexico City proposes regulations for Uber

5 hours ago

Mexico City is proposing regulations that would allow Uber and other smartphone-based ride-sharing apps to operate, while requiring drivers and cars to be registered, the city's Office of Legal and Legislative Studies said ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.