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: Indonesia passes law to tap volcano power

add to favorites email to friend print save as pdf

Related Stories

Ticketfly buying WillCall for on-premise data

50 minutes ago

Ticketfly Inc., a San Francisco-based technology company among several posing a challenge to Ticketmaster, is acquiring WillCall Inc., a crosstown rival that turns your smartphone into a mobile wallet at live events.

Voice, image give clues in hunt for Foley's killer

1 hour ago

Police and intelligence services are using image analysis and voice-recognition software, studying social media postings and seeking human tips as they scramble to identify the militant recorded on a video ...

Recommended for you

Hackerspaces used to turn ideas turn into reality

1 hour ago

At HeatSync Labs, the tables are littered with computer chips, pens, pads and tools while the room is abuzz with the chatter of would-be inventors hoping to change the world—or just make cool things. They are part of a ...

China Telecom profit rises as mobile data grows

1 hour ago

China Telecom Ltd., one of the country's three main state-owned carriers, said Wednesday its profit rose 11.8 percent in the first half of the year as its Internet and mobile data businesses grew.

Snapchat valued at $10 bln

2 hours ago

US media on Tuesday reported that Snapchat was valued at $10 billion based on funding pumped into the startup by a powerhouse Silicon Valley venture capital firm.

Indonesia passes law to tap volcano power

13 hours ago

The Indonesian parliament on Tuesday passed a long-awaited law to bolster the geothermal energy industry and tap the power of the vast archipelago's scores of volcanoes.

User comments : 0