AirAsia to re-enter Japanese market

Jul 1, 2014

AirAsia to re-enter Japanese market

Malaysian budget airline AirAsia said Tuesday it is resuming domestic flights in Japan after withdrawing a year ago, aiming for a summer 2015 launch. Rakuten Inc., which runs an online travel site, is buying an 18 percent stake in AirAsia’s Japanese subsidiary, which is ...

Jun 26, 2014

Rakuten to enter budget airline business with AirAsia

Online retailer Rakuten Inc. is planning to enter the airline business in partnership with Malaysian discount carrier AirAsia, sources said Thursday. Rakuten is looking to invest in a low-cost carrier set up by AirAsia in Japan and to cooperate in establishing a seat-reservation system ...

Jun 13, 2014

Rakuten rakes in ¥30 billion for first bond sale

Rakuten Inc., the e-commerce company led by billionaire Hiroshi Mikitani, issued its first public bonds Friday, selling ¥30 billion of three-year notes. The operator of Japan’s largest Internet mall sold ¥10 billion of 0.377 percent notes at a yield premium of 27 basis points ...

Rakuten bans whale meat

Apr 3, 2014

Rakuten bans whale meat

Rakuten notifies sellers it will halt all sales of whale and dolphin meat at the end of the month, after a scathing report by the U.K.-based Environmental Investigation Agency.

Mar 20, 2014

Rakuten workers asked online merchants to falsify prices

Employees of online shopping mall Rakuten Inc. instructed merchants to falsify prices of products in violation of consumer protection laws, according to some of the Internet mall’s tenants. Rakuten revealed the price mislabeling last November for special sales honoring the victory by the Rakuten ...

Mar 19, 2014

Rakuten hit over ivory, whale meat marketing

E-commerce giant Rakuten is the world’s largest online marketplace for elephant ivory and whale meat products, an environmental campaign group alleges, saying that running the advertisements is akin to arming poachers.

Mar 13, 2014

Small merchants embrace mobile payment services

Small businesses and individual merchants who previously shunned credit cards because of the required pricey card-reading devices are now letting customers use their plastic thanks to the advent of cheaper smartphone-based payment systems. Such mobile payment services can be used to pay for food ...

Feb 15, 2014

Rakuten acquires Viber web phone/messaging service for $900 million

Rakuten Inc., the Japanese online retailer controlled by billionaire Hiroshi Mikitani, is buying the Viber Internet messaging and calling service for $900 million as it moves into social networking. Viber will provide a distribution channel for Rakuten’s digital products, Mikitani said at a briefing ...

For e-book sellers, tax hike distorts field

Dec 3, 2013

For e-book sellers, tax hike distorts field

Japanese publishers and distributors of electronic books are increasingly alarmed by the upcoming consumption tax hike in the absence of a system to tax e-books and other digital content purchased from overseas vendors such as the U.S.-based Internet giant Amazon.com Inc. and Japanese online ...

Nov 13, 2013

Rakuten unit sues over curbs on selling drugs over Internet

Kenko.com Inc., a unit of Internet retailer Rakuten Inc., said it has filed a lawsuit against the government to fight restrictions on the online sale of some drugs. The government’s ban is “unconstitutional,” Kenko said in a statement to the Tokyo Stock Exchange on ...

Internet retailers set sights on prescription drugs for deregulation

Oct 30, 2013

Internet retailers set sights on prescription drugs for deregulation

With removing restrictions on Internet sales of nonprescription drugs a centerpiece of Prime Minister Shinzo Abe’s deregulation drive, officials are now working on the final details in a bill to revise the Pharmaceutical Affairs Law. The Health, Labor and Welfare Ministry is opposed to ...