Rakuten to raise $2 4 billion as Japan Post, Tencent invest paymentssource.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paymentssource.com Daily Mail and Mail on Sunday newspapers.
March 13, 2021
TOKYO (AP) Japan’s postal system is investing JPY150 billion in an eight-per-cent stake in the e-commerce venture Rakuten to strengthen a partnership in deliveries, fintech and other areas.
Rakuten’s shares shot up 8.6 per cent in Tokyo trading yesterday on news of the tie-up with Japan Post. Japan Post’s gained 4.9 per cent.
Japan Post Holdings President Hiroya Masuda said yesterday that the deal brought together “the digital and the real”.
The cooperation between the old-style analogue mail and Rakuten, founded in 1997 and having 70 digital businesses, was announced earlier. It includes delivery services that allow people to make online reservations to pick up packages and mail in various locations whenever they want, both sides said.
TOKYO Japan’s postal system is investing 150 billion yen ($1.4 billion) in an 8% stake in the e-commerce venture Rakuten to strengthen a partnership in deliveries, fintech and other areas. Rakuten’s shares shot up 8.6% in Tokyo trading Friday on news of the tie-up with Japan Post. Japan Post’s gained 4.9%. Japan Post Holdings […]
Rakuten to sell 8% stake to Japan Post in Amazon battle marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Rakuten to sell 8% stake to Japan Post in Amazon battle marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.