Rakuten completes Fablic merger
06 Jul 2018
Rakuten announced its intention to consolidate its Fril and Rakuma marketplaces in February (we reported on it here). A formal announcement of the merger was made in March. At the time, the company reported that Fablic had recorded 987 million yen ($8.9 million U.S.) in sales for the financial year ended Dec. 31, 2017.
While there will be no change in procedures, both apps will undergo changes to their terms of service and privacy policies, according to a news statement.
The consolidation will help the company compete with Japan’s leading flea market site Mercari.