Rakuten Is To Invest In India

The announcement comes just a week after they pulled out of several big markets

 Just a week after confirming its withdrawal from multiple global markets like the UK and Spain, Rakuten has announced plans to invest in India. After opening up a development centre there in 2014, Rakuten will now launch its own marketplace in India by next year, putting it in direct competition with Flipkart and Amazon India. Currently one of the top 10 largest internet companies in the world, the Japanese company has been looking to steal mid-level management from its competition in India for around two years. With recent investments in Pinterest, multiple start-ups in Israel and British money transfer company, Azimo, Rakuten has reported growth in key metrics over the past year.

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