When you hear “Rakuten,” you might think of it as Japan’s version of Amazon. It is a huge online marketplace that sells everything from electronics to clothes. However, Rakuten is much more than that. In fact, something called “the Rakuten ecosystem” exists in Japan.
Over the years, this Japanese company has grown into a global player. It operates in e-commerce, fintech, telecommunications, and more. Let’s dive deeper into what Rakuten offers and see why it stands out.
Rakuten’s Beginnings
Founded in 1997 by Hiroshi Mikitani, Rakuten started as an online shopping platform called Rakuten Ichiba. The idea behind it was simple yet forward-thinking. Mikitani wanted to provide small businesses with an online space to sell their products. What began as a modest platform quickly expanded. Today, Rakuten operates in more than 30 countries and plays a role in multiple industries.
Services Rakuten Provides
Rakuten has developed a broad ecosystem of interconnected services. These offerings bring significant value to businesses and customers alike. Here is a closer look at its main services.
1. E-Commerce: Rakuten Ichiba
Rakuten Ichiba, the company’s flagship platform, is different from Amazon. Instead of focusing solely on speed and efficiency, it embraces a “mall” concept where merchants can create their own stores.
- Unique Features of Rakuten Ichiba:
- Merchants have the freedom to customize their storefronts.
- Shoppers earn Rakuten Super Points with every purchase, redeemable across Rakuten services.
- A wide variety of products is available, including unique Japanese goods.
Continue reading “What is RAKUTEN? Is it more than Amazon of Japan?”