NTT, Rakuten to start online auction co.

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

Yahoo Japan to end ivory trade on its websites

Citation: NTT, Rakuten to start online auction co. (2005, October 12) retrieved 13 December 2019 from https://phys.org/news/2005-10-ntt-rakuten-online-auction.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors

User comments