Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Business Rakuten enlarging footprint in online flea markets Tokyo-based Fablic hosts flea markets through its app and in the real world.
September 3, 2016 04:00 JST | Japan
TOKYO -- Struggling Japanese e-commerce giant
Rakuten is acquiring a major flea market app operator to leverage a consumer-to-consumer platform popular among young women.
Rakuten will soon buy all shares in Tokyo-based Fablic from holders including management, turning the startup into a wholly owned subsidiary. The deal is estimated at billions of yen.
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