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Japanese E-commerce Firm Makes Chinese Rebate Investment
Aggregated Source: ChinaTechNews.com
Japan-based Rakuten has taken a minority stake in Fanli.com, one of China's online rebate and rebate-based flash sale companies. The C-series round values the Chinese online shopping company at approximately USD1 billion. As part of this investment, Kevin H. Johnson, CEO of Ebates, a Rakuten Group company, will join Fanli's board of directors. Rakuten's investment […]
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