Kobo Grows Customer Base 2.5M in First Quarter

Toronto-headquartered Kobo Inc. grew its e-reader customer base by 2.5 million in the first quarter. The Japanese-owned e-reader company now has 14.5 million registered users worldwide, with 15 percent of its new users coming from the United States. Kobo said that customers were reading 34 percent more in Q1 compared to the same time period […]

Kobo Owner, Rakuten Takes $100M Stake in Pinterest

Japanese eCommerce leader, Rakuten, owner of e-reader company Kobo, said it plans to invest $100 million in the trendy social media site, Pinterest. Pinterest, which allows users to ‘pin’ images and follow other people’s images in an online scrapbook framework, is enjoying a tremendous surge in popularity having leaped from less than one million users […]