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Japanese anti-trust officials raid Rakuten after complaints

| Monday | 10th February, 2020

Summary: TOKYO (Reuters) – Japanese antitrust officials raided the offices of e-commerce company Rakuten Inc on Monday after complaints from online merchants about the company’s free shipping policies, prompting its shares to briefly fall by as much as 3%. A Rakuten spokeswoman confirmed the raid and said the company was cooperating with the investigation. Companies selling their products on Rakuten have complained that the e-commerce giant was abusing its dominant position and putting pressure on them to shoulder shipping costs. Rakuten plans to make shipping free for orders above 3,980 yen ($36.26) starting March 18, in an effort to compete with rivals such as Amazon.com. The company’s shares were down 1.4% at 862 yen. (Reporting by Sam Nussey and Ritsuko Ando; Editing by Christian Schmollinger) Likes