Internet
ò Rakuten, JapanÆs largest online shopping mall, disclosed its move to change its strategy to one that could see the group expand operations into the US and Europe. The company said the shift is seen as launching up to 30 new businesses. Analysts, however, criticized the restructuring move that would see Rakuten reduce its reliance on acquisitions as a means of expansion and set up a division focused on developing home-grown business ideas. RakutenÆs services range from online shopping, travel booking and brokerages. Rakuten has also been in prolonged talks with Tokyo Broadcasting System Inc. for a possible alliance in areas such as Internet TV and e-commerce after Rakuten dropped its takeover...
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