Pinterest Could Expand Into Asia Pacific

Japanese e-commerce giant leads a $100 million investment in the social network.

Rakuten has made a multi-million dollar investment in Pinterest. The move could help the content sharing service build out its global presence and expand into e-commerce.

The Japanese Internet services company, which describes itself as an online marketplace, said it is leading a $100 million investment in Pinterest. Rakuten operates e-commerce sites in Japan, Thailand, China, Indonesia, Taiwan, the United States, and Europe.

“We think there are lots of ways for our companies to work together,” said Neel Grover, CEO of Rakuten’s Buy.com. He said he didn’t expect there will be dramatic changes to either sites – such as e-commerce coming to Pinterest – in coming months.

“We both believe in giving our users an entertaining and social experience,” he said, adding that the properties complement each other. For instance, Rakuten e-commerce properties give shoppers the ability to chat with friends on the site and watch videos, he said.

Rakuten, which has $14 billion in annual revenue, also owns: performance marketing company LinkShare e-books company Kobo; Rakuten Travel; Rakuten Securities; Rakuten Card, and Rakuten Bank. Its e-commerce sites include: Rakuten Ichiba in Japan; Tarad.com in Thailand; Rakuten Belanja Online in Indonesia; Rakuten Taiwan; and others.

Rakuten’s investment provides some clues into how Pinterest, which is a virtual pinboard, may evolve. “An investment from the largest e-commerce business in Asia makes it pretty clear where they view their niche. It’s around e-commerce, product discovery… people are using for shopping and their wish lists,” said Adam Berke, president of ad tech company, AdRoll, in response to a question from ClickZ. AdRoll, which specializes in retargeting display advertising for retailers and other verticals, does not have any affiliation with Pinterest.

Existing investors Andreessen Horowitz, Bessemer Venture Partners, and FirstMark Capital, as well as angel investors, also contributed in this funding round.

Rakuten did not disclose the amount of its investment in Pinterest. Rakuten CEO Hiroshi Mikitani will serve in an advisory role to Pinterest.

Subscribe to get your daily business insights

Whitepapers

US Mobile Streaming Behavior
Whitepaper | Mobile

US Mobile Streaming Behavior

5y

US Mobile Streaming Behavior

Streaming has become a staple of US media-viewing habits. Streaming video, however, still comes with a variety of pesky frustrations that viewers are ...

View resource
Winning the Data Game: Digital Analytics Tactics for Media Groups
Whitepaper | Analyzing Customer Data

Winning the Data Game: Digital Analytics Tactics for Media Groups

5y

Winning the Data Game: Digital Analytics Tactics f...

Data is the lifeblood of so many companies today. You need more of it, all of which at higher quality, and all the meanwhile being compliant with data...

View resource
Learning to win the talent war: how digital marketing can develop its people
Whitepaper | Digital Marketing

Learning to win the talent war: how digital marketing can develop its peopl...

2y

Learning to win the talent war: how digital market...

This report documents the findings of a Fireside chat held by ClickZ in the first quarter of 2022. It provides expert insight on how companies can ret...

View resource
Engagement To Empowerment - Winning in Today's Experience Economy
Report | Digital Transformation

Engagement To Empowerment - Winning in Today's Experience Economy

1m

Engagement To Empowerment - Winning in Today's Exp...

Customers decide fast, influenced by only 2.5 touchpoints – globally! Make sure your brand shines in those critical moments. Read More...

View resource