After the allocation of new shares, SBI Veritrance holds 50%, and above three holds 16.67% respectively.
Sharee China was just spun out from SBI Veritrance on January 14th. It operates JJ Street, shopping information service for tourists from China. e-machi town set up Shareee jointly with SBI Group in 2010 August. Shareee is a group coupon buying service in Japan.
With this alliance, Shareee China plans to launch group coupon buying service of venues in Japan for tourists from China.
Venture Now 2/4/2010
- It seems Groupon clone race is getting calm down by two strong services, Groupon Japan and Recruit's Ponparade gets long lead against over 100 of competitors.
- However, it could be a good idea to differentiate from those giants by targeting tourists from other countries, even though the market size is limited.