SoftBank, Yahoo Japan, Aeon plan to launch online retail business: NHK

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TOKYO (Reuters) – SoftBank Group Corp, Yahoo Japan Corp> and Aeon Co Ltd plan to launch an online retail business, NHK reported on Friday.

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The online business will sell products including food, clothes and everyday goods, NHK said citing unnamed sources, in what would be the latest tie-up between companies in Japan looking to bolster their online offerings as they eye encroachment by Amazon.

Reporting by Sam NusseyEditing by Edwina Gibbs