iichi Inc. (Hakuhodo Group; head office: Kamakura-shi, Kanagawa: representative director: Kentaro Iinuma; “iichi”), which operates a handmade market and in which KAYAC has held a stake since 2012, announced a capital and operating alliance with one of Asia’s largest designers’ markets, Pinkoi Inc. (head office: Taiwan; CEO Peter Yen; “Pinkoi”). With this move, the iichi shares held by KAYAC were transferred to Pinkoi.
iichi and one of Asia’s largest designers’ markets, Pinkoi, have formed a capital and operating alliance - Overseas marketing of Japanese designers supported by a global EC service -
iichi operates a marketplace for handmade and craft items featuring high quality centered around professional artists. With this alliance, artists registered with iichi will be able to introduce and sell their works to overseas markets throughout all of Asia and elsewhere through Pinkoi’s platform, and the works of popular Asian designers will be able to be purchased in Japan through Pinkoi.
iichi will continue to operate its service while working with the Pinkoi head office to conduct Pinkoi’s business in Japan, creating synergies between the two companies and spreading excellent designs from Asia throughout the world.
KAYAC also supports this new beginning by iichi and Pinkoi.