Rakuten, Japan's
biggest e-commerce company ($10 billion market cap), and Chinese search leader
Baidu have today opened a new online shopping mall in China. Dubbed
Lekutian ("Happy Cool Day" in Chinese), the launch of the site was announced
back in January. Both web powerhouses will invest US$50 million over the next three years in their joint venture.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/iqes58K0M_M/
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