28 May '13, 7am

An inside look at @RakutenGlobal's expansion and investment plans for wider Asia

An inside look at @RakutenGlobal's expansion and investment plans for wider Asia

An inside look at Rakuten’s expansion and investment plans for wider Asia May 28, 2013 by Terence LEE Things are looking up for the region’s e-commerce scene with a recent spate of activities involving the 3 Rs — Rocket Internet, Reebonz, and Rakuten. Rocket Internet and Reebonz have come under the spotlight for their massive funding rounds, while Rakuten – a Japanese e-commerce giant with USD 4.7B revenue — has made a USD 10M commitment to invest in startups from Taiwan, Thailand, Indonesia and Malaysia. Although Rocket and Reebonz are somewhat known entities within the startup crowd in the region, Rakuten is just starting to make its presence felt, at least outside Japan. To get a better picture of its regional plans, we spoke to two senior Rakuten executives: Toru Shimada (Thomas), the company’s Asia CEO, and Anh Sae Min, managing partner of Rakuten Ventures. SGE: Where...

Full article: http://sgentrepreneurs.com/2013/05/28/an-inside-look-at-r...

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