« Indonesian government moves to protect phone users | Main | Hybrid car market in Korea heating up »
October 20, 2005
Japan's mobile giant takes on electronic auction
NTT DoCoMo Inc., Japan's biggest mobile-phone company, will acquire 40% of Rakuten's Internet-auction business for $37 million further expanding its e-commerce offerings.
The deal would allow DoCoMo to diversify its sources of revenue. In Japan, consumers commonly use cell phones to access the Internet. The new unit will give DoCoMo’s customers another service to play with by allowing them to take part in Internet auctions on cell phones.
DoCoMo has been an e-commerce global leader in using mobile phones to download video clips and music, accessing information on various services such as train schedules, restaurants and weather reports.
Posted by admin at October 20, 2005 02:45 PM