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Tuesday, October 19, 2010
Lekutian: Rakuten and Baidu Open Online Mall In China
Rakuten, Japan's biggest e-commerce company ($10 billion market cap), and Chinese search leader Baidu have today opened a new online shopping mall in China. Dubbed Lekutian ("Happy Cool Day" in Chinese), the launch of the site was announced back in January. Both web powerhouses will invest US$50 million over the next three years in their joint venture.
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