Archive for August 2010

Japanese internet company Rakuten on buying spree

Rakuten, a major Japanese online shopping mall operator, has been on a buying spree of other smaller internet companies focused on eCommerce retailing. In a recent article, found here, the company announced the second major acquisition after its announcement to purchase in the U.S. Rakuten owns and operates a diverse set of companies, from professional sports teams to performance-marketing internet companies like Linkshare. Rakuten is purchasing a French online shopping mall operator for over $250 million to expand its footprint in Europe as it aggressively expands internationally beyond its home market in Japan. It should be very interesting to see future expansion moves by the company into international markets…

Groupon showcase article on founder Andrew Mason

AOL small business recently provided a showcase on Andrew Mason and his web-phenomenon Groupon, click here for full article. It’s a very positive spin on what is, in some circles, becoming a very mixed group of opinions about the business model. One the one hand, the article argues, the business is a win-win for both consumers and local merchants. On the other, many merchants complain about the sizable cost of working with Groupon and how it can easily forge a path towards financial insolvency if poorly executed. Either way, it’s a very interesting article about the fast rising company that has, in a very short time span, surpassed many high-flying companies in the internet marketing space.