Establishment of "B to B" (inter-company
e-commerce) Joint Venture
Sakura Bank Ltd
(Sakura), Toshiba Corp. (Toshiba) and Mitsui & Co. (Mitsui) have
reached basic agreement to start "B to B" business, inter-company
e-commerce, in Japan, together with "bex.com. co.", a Singapore
based company which is developing global electronic "B to B" trading
|As the background of this agreement, Sakura,
Toshiba and Mitsui share the following concepts;
||1. Japan is entering into a new stage, or a new network
society, where huge increase of the business use of Internet,
in line with personal use, is expected.
corporate activities on this new stage, it is more and more
important than before, to review and reconstruct existing
business models, as well as to establish new models, in order
to acquire global standard and security .
companies have started to research using B to B efficiently
because B to B could be a powerful tool to solve various
matters on the new stage.
bex.com, Sakura, Toshiba and Mitsui will establish a new company by
April 2000, by gathering each know-how to supply a new business
model to Japanese market. The new model will totally deal with
information related to technology, logistic and
<Plan of the new
||around Yen 2 billion
|Start of business
|Number of Staff
||Headquarter (in Tokyo) only
||To establish, operate, consult and
customize "B to B" functions to clients through Internet
||350 new clients in the first
<Operation of NBEX>
- Introduce Japanese-style adjusted business models of IBEX
Singapore and Taiwan to Japanese clients, in order to develop B to
B business in Japan.
- Customize the business models to be suitable for each client's
specific demand, in order to support the client to develop SCM and
EC business effectively.
- In addition to the above, Sakura, Toshiba and Mitsui consider
using the models for their own business.
THE SAKURA BANK, LIMITED