SoftBank plans to launch online retail business in collaboration with Yahoo Japan and Aeon. Photo: ReutersTokyo: 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. SoftBank could provide labour-saving robotics to Aeon stores, NHK said without giving further details. Last month Walmart and Rakuten Inc said they would launch an online grocery delivery service.

Source: Mint February 09, 2018 06:00 UTC