Pinterest to offer better ecommerce for brands
May 18th, 2012 Posted in Advertisement, Brand recognition, News, Social Media | No Comments »
Fast growing social media site Pinterest will be revamping what they offer brands for ecommerce after recent investment in them by one of the world’s largest online marketplaces Rakuten. After their initial uptake by many people and business, Pinterest are now looking to identify new revenue streams in what is considered by some a fickle market.
Both Rakuten and Pinterest aim, with this new partnership to expand its commercial offering to brands, Japan-based Rakuten, which owns Buy.com and Play.com is looking to expand the social start-up into the far east as well as 17 other global markets to help both companies great interest outside of the US.
Hiroshi Mikitani, CEO of Rakuten, says the business stated that he saw “tremendous synergies” between Pinterest’s model for ecommerce and its own. He stated: “While some may see ecommerce as a straightforward vending machine-like experience, we believe it is a living process where both retailers and consumers can communicate, discover and curate to make the experience more entertaining.”

Pinterest, has seen huge growth in the last few months, they have seen the number of visitors doubling to 4 million since January this year, which is probably why many investors have their eye on this social media company. Rakuten in vested £100million into Pinterest plus others have also followed suit.


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