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: Just whose Internet is it? New federal rules may answer that

add to favorites email to friend print save as pdf

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

Aircraft set for minute-by-minute tracking

23 hours ago

All commercial flights worldwide could soon send out an automated signal every minute in times of distress to help rescuers find downed aircraft more easily.

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.