Everyone has heard of names such as Facebook, Instagram, Twitter and Play.com but who has have heard of Rakuten Inc?
People who are in the know within Social Media and e-commerce industries should start looking out for Rakuten Inc in the next year or so. Rakuten is already huge in Japan but I get the feeling they are about to become a global name.
First of all let me introduce you to Hiroshi Mikitni, this lovely chap is the founder and CEO of what originally started off as MDM in 1997, which then became Rakuten Inc in 1999.
Rakuten Inc is fast becoming one of the world’s largest internet service companies; although it is not yet a household name, financially Rakuten already ranks up there with the likes of Google, Amazon, eBay and Yahoo.
In 2011 Rakuten’s profits were estimated to be around $886 million and employing over 10,000 workers worldwide.
The reason why I think we are going to be hearing a lot more about Rakuten in the near future, is because of a similar event that saw Instagram being brought by Facebook. Rakuten have just chosen to inject nearly $100 million in to the rapidly growing social media site Pinterest.
Rakuten and Pinterest will work together on the strategies for how to build Pinterest as a brand. The main way they are looking to achieve this is by using Rakuten’s B2B2C (business-to-buisness-to-customer) model e-commerce site Rakuten Ichiba to create and expand Pinterest as a global brand.
Rakuten Ichiba is Rakuten’s online shopping business and is the largest online shopping service in Japan. Due to their massive success in Japan they are now starting to offer international advertising and shipping bringing the Rakuten name to more of a global audience.
Let’s just sit back and see what this Japanese e-commerce powerhouse can bring to Pinterest. Will Pinterest be the best and biggest social media site to become signed up to?









