Wal-Mart Teams up with Japan’s Largest Online Retailer

Wal-Mart Stores Inc. has forged another alliance to counter Amazon.com Inc., partnering with Japan’s Rakuten Inc. to sell e-books in the U.S. and improve its online grocery business in the Asian nation. The collaboration will bring Rakuten’s Kobo device and e-book catalog to Wal-Mart’s U.S. stores later this year, the companies said in a statement late Thursday. The partnership also includes a revamp of Wal-Mart’s online grocery service in Japan that will roll out in the third quarter. MORE AT BOF