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Friday, May 18, 2012
Rakuten CEO On The $100M Pinterest Round: We Want Pinterest Users To Pin Images And Buy Using Our ID
Rakuten, the Japanese e-commerce giant leading a $100 million investment in Pinterest, will be making two major contributions to the image-based social network as it gears up for its next stage of growth: the funds to take the image-based social network into new international markets, and a business model. First up, Rakuten's home market of Japan, where "Pinterest is growing very fast," notes Rakuten's CEO,?Hiroshi Mikitani, in an interview with TechCrunch. He wants Rakuten to grow right there with it by using Rakuten's services to become the basis for buying things off the site.
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