NEC Joins eBay for Japan Venture
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Under the terms of the deal, NEC (NIPNY) will take a stake in eBay Japan, reportedly a holding of up to 30 percent, in addition to contributing resources from its ISP, BIGLOBE, and other marketing and promotion considerations.
The eBay Japan site, which has been accessible from the main eBay site for several weeks, is expected to debut in full within the next few weeks. Currency, language and site categories will all be tailored for the Japanese market.
The Japan venture also introduced its new chief executive officer, Merle Okawara, who was previously the chairman and president of JC Foods Ltd.
eBay's (EBAY) international strategy has already moved to include local versions for Canada, Australia, Germany and the U.K.
Earlier this month eBay set up a separate initiative for the Asian audience, launching a Chinatown section to promote online trades.