Chinese search leader Baidu and Rakuten, Japan’s largest e-commerce player, have announced an agreement to jointly invest US$50 million over three years in a joint venture to build a huge online ‘B2B2C’ shopping mall for Chinese Internet users.

Under the terms of the agreement, Rakuten will become majority shareholder of the new, yet to be named joint venture (51%) with Baidu owning the remaining… → Read More