Yahoo Japan (TYO:4689) announced recently that it has taken over leading Japanese e-commerce portal provider Venture Republic. Financial details were not disclosed.
Since its launch back in 2001, the latter has been a provider of price comparison sites and commerce-focused vertical media such as Travel.jp, Hotel.jp, and Coneco.net to Japanese online consumers. The company is also known to have invested in Indonesian price comparison site Telunjuk and Singapore’s travel metasearch service Flocations.
Upon the acquisition, the company was split into two companies corresponding to different business fields. One company rebranded as Osenikku and will continue operating Coneco.net. And the CEO formed a new company called Venture Republic, which take care of the travel-related media. As a result, the comparison site business has been entirely handed over to Yahoo Japan. ...continue reading...
Sd 8/3/2013 [en]
- Coneco.net provides price comparison of goods in various categories searching many e-commerce sites including Yahoo's rivlas, Rakuten and Amazon. It is interesting to see if Yahoo integrates the service in Yahoo Shopping or leaves it as separate service.