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Alibaba.com and Softbank have formed a joint venture company called Alibaba.com Japan. The new company will take over the operation of Alibaba.com''s existing Japanese-language website which connects small and medium enterprises in Japan with buyers and suppliers around the world. Alibaba.com Japan is a B2B online marketplace for global trade that localises language and content for a Japanese audience. Initially, Alibaba.com Japan will focus on cross-border trade for imports from China and around the world into Japan. Later, it will expand its focus to exports from Japan and domestic B2B trade in Japan as well. Softbank will hold 65 percent of the JV, while the remaining 35 percent will be held by Alibaba.com.


Source:Telecompaper