Yahoo Japan China’s Taobao

Yahoo Japan, the country’s No.2 online shopping site operator after Rakuten, wants to close the deal as early as June so that Japanese users can buy Chinese products through Yahoo Japan’s website and vice versa, a company spokesman said on Thursday.

Taobao is a group company of Chinese Internet giant Alibaba, whose investors include Japan’s Softbank. Softbank also has capital ties with Yahoo Japan.

Reuters reported last month that Alibaba was in talks with Softbank to form a tie-up to help merchants from their online marketplaces sell into each other’s markets.

Source : Konaxis

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