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U.S., Japan to monitor Rakuten for leakage of customer data to China

  • April 21, 2021
  • , Kyodo
  • JMH Summary

Kyodo claimed that the governments of the U.S. and Japan have agreed to closely monitor major online retailer Rakuten’s operations following its decision to accept a massive capital infusion from Chinese IT giant Tencent out of concern that its customer information may be leaked to the Chinese authorities as a result. The Finance Ministry and other agencies will invoke the economic security provisions in the Foreign Exchange Law to receive briefings regularly on Rakuten’s data control and the Chinese firm’s involvement in Rakuten’s operations and share the results with relevant U.S. authorities. The news agency said the GOJ has decided to strengthen its monitoring of Rakuten while taking into account Washington’s hard line toward Beijing, projecting that although the Japanese economy relies heavily on trade and investment from China, Japan may have little choice but to take a concerted line with the Biden administration.

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