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Walmart partners up with Rakuten

Published 01/26/2018, 02:09 AM
Updated 01/26/2018, 02:09 AM
© Reuters.  Walmart partners up with Rakuten
  • Walmart (NYSE:WMT) has struck a partnership with e-commerce firm Rakuten (OTCPK:RKUNY) to launch an online grocery delivery service in Japan, competing against the "Fresh" service that Amazon (NASDAQ:AMZN) is trialing in parts of Tokyo.
  • The deal will also allow Walmart to sell 6M e-books and audiobooks offered by Rakuten's Kobo brand in the U.S., giving the retailer a foothold into what has traditionally been a market dominated by Amazon.
  • Now read: Kroger (NYSE:KR) Dumpster Diving


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