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U.S., Japanese authorities monitoring Rakuten over possible data leakage to China

  • April 26, 2021
  • , Yomiuri
  • JMH Summary

Monday’s Yomiuri wrote that the governments of the United States and Japan are closely monitoring the operations of major online retailer Rakuten following its decision in March to accept a massive capital infusion from Chinese IT giant Tencent out of concern that its customer information may leak to Chinese authorities as a result. Communications Minister Takeda commented on the Chinese investment in Rakuten during a press briefing on Friday by saying his ministry will deal with the issue appropriately in cooperation with the Ministry of Finance and the Ministry of Economy, Trade and Industry in line with the Foreign Exchange and Foreign Trade Law. The paper wrote that the U.S. government is also paying attention to Tencent’s investment in Rakuten because the Japanese company is doing business in the United States.

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