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. Last Updated: 07/27/2016

B2B Market Launch

TOKYO -- A group of global technology titans including International Business Machines Corp. will join forces to create one of the world's largest business-to-business online markets, company officials said Wednesday.

This venture,, will provide online markets for IBM and seven other companies and their customers to buy and sell components in consumer electronics, computers and telecommunications equipment beginning in July.

The seven partners are Japan's Matsushita Electric Industrial Co. Ltd., Hitachi Ltd. and Toshiba Corp., South Korea's LG Electronics Inc., Canadian telecoms giant Nortel Networks Corp., U.S. electronics parts manufacturer Solectron Corp. and U.S. hard disc maker Seagate Technology Inc.