Wikipedia
is a Japanese electronic commerce and Internet company based in Tokyo, Japan. Its B2B2C e-commerce platform Rakuten Ichiba is the largest e-commerce site in Japan and among the world’s largest by sales.
Hiroshi Mikitani founded the company in February 1997 as MDM, Inc., and is still its chief executive. started operations in May 1997. In June 1999, the company changed its name to Rakuten, Inc. The Japanese word rakuten means optimism.
In 2012, the company's revenues totaled US$4.6 billion with operating profits of about US$244 million. In June 2013, Rakuten, Inc. reported it had a total of 10,351 employees worldwide.
In 2005, Rakuten started expanding outside Japan, mainly through acquisitions and joint ventures. Its acquisitions include Buy.com (now Rakuten.com Shopping in the US), Priceminister (France), Ikeda (now Rakuten Brasil), Tradoria (now Rakuten Deutschland), Play.com (UK), Wuaki.tv (Spain), and Kobo Inc. (Canada). The company has investments in Pinterest, Ozon.ru, AHA Life, and Daily Grommet.
In 2015, Rakuten relocated its corporate headquarters to Tokyo’s fashionable Futako Tamagawa area. The move, which is aimed at improving operational efficiency, supporting future growth and consolidating all Tokyo offices, shifts its staffs to a new state-of-the-art building located in a posh neighborhood. Address: 1-14-1 Tamagawa, Setagaya-ku, Tokyo.