Japan’s Livesense buys e-commerce fulfillment company Waja for $3.3 million



See the original story in Japanese.

Livesense (TSE:6054), a Tokyo-based Internet media company known for its job search site with the business model that rewards users when they land a new job, announced today that it will acquire a 71.7% stake in Tokyo-based e-commerce fulfillment company Waja for 400 million yen ($3.3 million). According to Livesense’s statement, this acquisition will help expand their business to the consumer-to-consumer and international e-commerce service sectors.

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Waja was launched in 2003 by former Andersen Consulting (now Accenture) employee Koji Koyasu. They are operating three marketplaces: Waja (selling fashion items from overseas markets), Reason Outlet (selling seconds clothes for reasonable prices), and Fashion Charity Project (collecting unused luxury brand items selling them for charity).

Translated by Masaru Ikeda
Edited by Kurt Hanson
Proofread by “Tex” Pomeroy