Live Breaking News & Updates on Rakuten Japan Post
Stay updated with breaking news from Rakuten japan post. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Rakuten to raise $1.38 bil. in capital tie-up with Japan Post Japanese e-commerce giant Rakuten Inc. will raise 150 billion yen ($1.38 billion) from Japan Post Holdings Inc. in a capital tie-up intended to boost competitiveness in logistics, online shopping and other digital services, the companies said Friday. The tie-up will enable Rakuten, known for its online shopping mall, to make the best use of the nationwide delivery network of the postal giant, which also has banking and insurance units. The company is also seeking to bring digital transformation to the logistics business. Japan Post Holdings Co. President and CEO Hiroya Masuda (R) and Rakuten Inc. Chairman and CEO Hiroshi Mikitani announce a capital tie-up between the two companies in Tokyo on March 12, 2021. (Kyodo) ....