Mitsubishi, Commerce One to set up e-marketplace

Mitsubishi Corp. and Commerce One, Inc. have announced an agreement to establish an e-marketplace that will target B2B e-commerce among Japanese companies in the gas, chemical and utilities industries.

Through its partnership with Commerce One, Mitsubishi hopes to create a robust platform for electronic B2B that will provide access to global buyers and sellers in key vertical markets.

TOKYO - Mitsubishi Corp. and Commerce One, Inc. have announced an agreement to establish an e-marketplace that will target business-to-business (B2B) e-commerce among Japanese companies in the gas, chemical and utilities industries.

As a Commerce One partner, Mitsubishi Corp. will also become a member of the Global Trading Web (GTW), the world's largest B2B trading community.

The Mitsubishi MarketSite will provide businesses with real-time buying and selling capabilities. It is expected that buyers will gain access to a vast network of suppliers and realize lower purchasing costs, while sellers will maximize returns from an extended buying community.

Mitsubishi will also link its brick-and-mortar business network to the e-marketplace, which will be powered by the Commerce One MarketSite Portal Solution.