Yahoo Japan Buys into Mobile Shopping Portal

Yahoo Japan will invest in a subsidiary of Japanese mobile shopping portal company Xavel, which operates sites like GirlsWalker. Yahoo will invest more than 1 billion yen (US$8.9 million) to acquire 33.52 per cent of the voting rights in Xavel unit Ampression.
Also read: “Boutiques spring up in cellphones“, for a profile of Xavel.