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Rakuten was founded as MDM, Inc. by Hiroshi Mikitani on 7 February 1997. [10] The online shopping marketplace Rakuten Shopping Mall (楽天市場, Rakuten Ichiba) was officially launched on May 1, 1997. [11] The company had six employees and the website had 13 merchants. [12] The name was changed to Rakuten in June 1999. [11]
Website. www .fatwallet .com. FatWallet was a comparison shopping website, centering on a set of forums that allowed users to publish deals and rebate offers on products and services, with computer-related products and electronics most prominent in the listings. It was headquartered in Beloit, Wisconsin, and ceased operation on October 9, 2017.
In May 2010, Buy.com was acquired by Rakuten, Inc., the largest e-commerce retailer in Japan, [3] [15] for $250 million in cash. [16] [17] This was considered Rakuten's attempt to enter the American e-retail market, [16] and to compete globally with e-commerce competitors such as Amazon.com and eBay. [3]
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Buy.com: Online retailer United States: US$250 million [4] 2011 Ikeda E-commerce Brazil — Renamed Rakuten Brazil 2011 Tradoria E-commerce Germany — Rebranded as Rakuten Deutschland 2011 Play.com: E-commerce United Kingdom: £25 million Converted into the points-based loyalty program Rakuten.co.uk [5] 2012 Kobo: E-book reader Canada: US$315 ...
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