Rakuten

Baidu (NASDAQ:BIDU) to Form Joint Venture With Rakuten

By admin - Posted on January 27th, 2010

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Venture to Build China's Largest Online B2B2C Mall; Partnership with Japan's leading B2B2C e-commerce company to offer products to Chinese consumers

BEIJING, Jan. 27 -- Baidu, Inc. (NASDAQ:BIDU) , the leading Chinese language Internet search provider, and Rakuten, Inc., the largest e-commerce website in Japan, today announced an agreement to jointly invest US$50 million over three years in a joint venture to build a B2B2C online shopping mall for Chinese Internet users.

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Rakuten

Baidu (NASDAQ:BIDU) to Form Joint Venture With Rakuten

Venture to Build China's Largest Online B2B2C Mall; Partnership with Japan's leading B2B2C e-commerce company to offer products to Chinese consumers

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