Japan's Rakuten shutting marketplace platforms in SG, Indonesia & Malaysia

Japan's Rakuten shutting marketplace platforms in SG, Indonesia & Malaysia

Photo by Rakuten

Japanese e-commerce and internet major Rakuten announced that it is shutting down its early model e-commerce marketplaces in Indonesia, Malaysia and Singapore, even as it embarks on restructuring exercise, termed ‘business transformation’,  that will see it step up focus on its home market and select geographies.

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