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November 21, 2024
 

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E COMMERCE

Rakuten's sale of 15% stake in its credit card arm to Mizuho Financial Group would give the e-commerce pioneer a one-time gain of ¥159.4 billion in the current quarter.
BUSINESS / Companies
Nov 14, 2024
Rakuten sells Mizuho 15% of credit card arm for ¥165 billion
The sale would give the e-commerce pioneer a one-time gain of ¥159.4 billion in the current quarter, Rakuten said in a statement Wednesday.
Shopify, whose key selling point is lower prices for its suite of e-commerce services, has been cheekily calling out Salesforce’s penchant for wining and dining potential clients.
BUSINESS / Tech
Oct 30, 2024
Shopify is winning Salesforce clients, stoking e-commerce rivalry
The Canadian company — for years the go-to for mom-and-pop businesses looking to set up shop online — is setting its sights on larger companies in a dramatic shift.
The Consumer Affairs Agency is warning against fake websites that lure consumers into purchasing unrelated or counterfeit products.
JAPAN / Crime & Legal
Oct 10, 2024
Consumer watchdog warns against fake electronics sites
The sites, often promoted via social media ads, are luring consumers into purchasing unrelated or counterfeit products.
The industry ministry plans to set up a liaison committee of officials from relevant government agencies to discuss support measures for brick-and-mortar bookstores.
BUSINESS
Oct 6, 2024
Ministry reports issues facing bookstores
The ministry will set up by year-end a liaison committee of officials from relevant government agencies to fully launch discussions on support measures for bookstores.
Amazon has launched an online service enabling customers in Japan to purchase prescription medications without having to visit physical pharmacies.
BUSINESS / Companies
Jul 24, 2024
Amazon Pharmacy goes live in Japan
Through the new service, Japanese consumers will be able to obtain medications without having to visit physical pharmacies.
Fast fashion e-commerce company Shein's logo outside its office in Guangzhou, China, on June 11
BUSINESS / Companies
Jun 25, 2024
What is at stake for China-founded Shein as EU rule looms
Shein has faced more than 90 lawsuits alleging it plagiarized others’ designs or products.
A growing number of local governments in Japan are selling reusable oversize waste collected from households on marketplace app Mercari.
JAPAN
Jun 16, 2024
Japan local governments using Mercari app to recycle oversize waste
From clothing boxes to furniture, the initiative aims to raise awareness of reusing goods while reducing carbon emissions from incineration.
Rakuten is working with eBay to market Japan's used fashion and accessories in the United States, taking advantage of the weak yen.
BUSINESS / Companies
May 24, 2024
Rakuten and eBay team up to test U.S. market for used Japanese fashion goods
The tie-up aims to capitalize on the currency effect and is also a move toward bargain hunting as cost-of-living pressures around the world crimp spending.
Employees place items into boxes and envelopes at an Amazon fulfillment center.
BUSINESS / Companies
May 16, 2024
Amazon workers say they struggle to afford food and rent
Amazon has long been criticized for its treatment of employees
People ride past a JD.com advertisement promoting a Singles Day shopping festival in Beijing in 2023.
BUSINESS / Companies
May 13, 2024
China's e-commerce giants face a delicate balance
Chinese consumers are seeking discounts and lower-cost shopping following the pandemic.
A host promotes lipstick on TikTok Shop
BUSINESS / Tech / FOCUS
May 10, 2024
Livestream shopping foils high-tech tools from stopping counterfeits
The sheer volume of violations means e-commerce infringement enforcement can feel like a game of "whack-a-mole" for those who monitor the internet.
An Amazon Web Services (AWS) logo is pictured during a trade fair in Hanover, Germany, on April 22.
BUSINESS / Companies
May 1, 2024
Amazon triples quarterly profit as cloud surges
The Seattle-based company reported $10.4 billion in profit on revenue of $143.3 billion
NTT Docomo's "d Point" reward points can now be earned and used on the Amazon shopping website.
BUSINESS / Companies
Apr 11, 2024
NTT Docomo points arrive at Amazon
NTT Docomo's d Point program had roughly 100 million users as of the end of March.
Counterfeit credit cards at the Osaka Prefectural Police Department in November
JAPAN / Crime & Legal
Apr 10, 2024
Illicit credit card use damage hits record high in Japan
The Ministry of Economy, Trade and Industry aims to strengthen measures to prevent such damage.
A man claimed Amazon promised "unlimited, commercial-free, instant streaming” of entertainment through Prime Video. He alleges the company reneged on the deal and is suing.
COMMENTARY / World
Feb 23, 2024
Amazon shouldn't be swindling users
The tech giant is being sued for charging subscribers more than advertised: Not what you'd expect from a self-professed customer-obsessed company.
Laws governing global e-commerce and the growing tidal wave of data that crosses borders may soon change.
BUSINESS / Companies
Feb 22, 2024
Streaming a movie abroad may soon come with taxes at the border
It's still unclear exactly how governments would implement digital tariffs.
As their popularity grow, Shein and Temu together send almost 600,000 packages to the U.S. every day.
BUSINESS / Companies
Feb 22, 2024
Rise of fast-fashion Shein and Temu roils global air cargo industry
Their pursuit of limited air-cargo space to woo consumers with rapid transit times make off-peak seasons almost disappear and cause capacity shortages.
Rakuten Group has incurred a net loss for the fifth straight year.
BUSINESS / Companies
Feb 15, 2024
Rakuten logs second-largest annual net loss
The firm will skip a dividend payment for the first time in 23 years to prioritize its financial stability.
Amazon CEO And Blue Origin Founder Jeff Bezos
BUSINESS / Companies
Feb 14, 2024
Jeff Bezos sells $4 billion of Amazon stock, avoiding $288 million levy
Moving to Florida, after Washington imposed a 7% gains tax, the world’s second-richest person offloaded 24 million shares over just four trading days.
The Nvidia headquarters in Santa Clara, California
BUSINESS / Tech
Feb 13, 2024
Nvidia briefly overtakes Amazon in market value
NVIDIA's market value momentarily surpassed Amazon's on Monday, fueled by soaring demand for its chips used in artificial intelligence computing.
Ishiba delays meeting with Trump, citing legal restrictions
Prime Minister Shigeru Ishiba waves upon arrival for the Asia-Pacific Economic Cooperation forum, in Callao, Peru, on Friday.
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Rising sex tourism exposes loopholes in Japan's anti-prostitution law
While financial misfortunes during the COVID-19 pandemic may have driven some women to work the streets, others simply want more money to spend — or want to pay off their debts — at host clubs.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

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