Our parent company Rakuten announced today the acquisition of e-commerce logistics business Alpha Direct Services, further providing business services for Rakuten’s global e-commerce marketplaces.
Hiroshi Mikitani, Chairman and CEO of Rakuten, explained the strategy behind the acquisition: “Speed and quality of delivery is at the heart of any solid e-commerce proposition and ADS will give us a logistics stronghold in Europe, which will further empower merchants using Rakuten’s marketplaces, as well as supporting future marketplaces.”
You can read about the acquisition in the official press release.
As reported in AllThingsD today, our parent company Rakuten is the lead investor in a Series B round of funding for online marketplace Daily Grommet.
Daily Grommet, whose motto is “fresh finds, true stories”, each day features a new product and the story behind its origin. The site utilizes video, social, and discovery tools to connect consumers with smaller retailers.
Daily Grommet is Rakuten’s second recent investment in US online companies, having led a major round of funding in May for social bookmarking website Pinterest.
Our parent company Rakuten was recently named to Forbes “World’s Most Innovative Companies” list!
Rakuten placed higher on the list than other major brands including Google, Apple, SAP, General Electric, and Procter & Gamble.
This Loyalty 360 article is the latest to feature our CEO Michael Jaconi and his role in helping bring together our parent company Rakuten and social bookmarking website Pinterest in one of the most highly sought-after VC deals in several years. Jaconi describes his role and why Rakuten was so interested in partnering with Pinterest.