Japan's Rakuten will acquire instant messaging and calling app developer Viber Media for US$900 million, the e-commerce giant said Friday, highlighting its moves to penetrate new markets.
Rakuten, Japan's largest online retailer, is acquiring a U.S. logistics firm as it continues to build out its infrastructure to compete with foreign rivals like Amazon.com.
The founder and CEO of one of the world's largest e-commerce sites says his firm's moral principles may keep it from defeating rival Amazon.com in the long run.
Visitors to what used to be Buy.com will see a few changes on the front page this week -- including a pronunciation guide for its new name.
Japan's Rakuten said Tuesday it will acquire a French logistics company that will allow it to provide same-day deliveries in Paris as well as next-day services across Europe.
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