SoftBank, Yahoo Japan, Aeon plan to launch online retail business: NHK

SoftBank Group Corp, Yahoo Japan Corp and Aeon Co Ltd plan to launch an online retail business, national broadcaster NHK reported on Friday.

The online business will sell products including food, clothes and everyday goods, NHK said citing unnamed sources, in what would be the latest tie-up between companies in Japan looking to bolster their online offerings as they face stiffer competition from Amazon.

The tie-up would allow the companies to share SoftBank and Yahoo Japan’s customer base and data analysis abilities with Aeon’s wide product range and distribution network, NHK said.

SoftBank could provide labor-saving robotics to Aeon stores, NHK said without giving further details.

Read More – Reuters

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