• Fri
  • Jul 11, 2014
  • Updated: 7:39pm

E-market goes live

PUBLISHED : Saturday, 07 July, 2001, 12:00am
UPDATED : Saturday, 07 July, 2001, 12:00am

Even as the survival of many online marketplaces in Asia is in doubt, a new multimillion-dollar e-marketplace backed by several large Japanese utility companies went live yesterday.


Using technology from electronic supply-chain software provider SAP and business-to-business technology enabler CommerceOne, the new e-marketplace, called Japan e-Market, enables utility firms to buy and sell machine parts and materials, and office supplies online. Japan e-Market estimates that firms connected to the e-marketplace will procure US$3 billion in goods and services by the fifth year of operation, though the main benefit will be from cost-savings.


The investors include Toshiba, Hitachi, Mitsui, Nihon Unisys, Mitsubishi and power companies from across the country.


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