Rakuten

Breaking: Rakuten Abandons Tokyo Bourse Listing for Securities Unit

2 months ago

In a significant shift for the Japanese conglomerate, Rakuten Group has made the surprising announcement that it will no longer pursue the public listing of its securities unit on the Tokyo Stock Exchange. Originally slated for the first half of 2025, this decision to scrap the initial public offering (IPO) comes as a clear response to current market dynamics and challenges facing the company's financial landscape.

Rakuten’s Billionaire Founder Makes Bold AI Investment to Offset Mobile Arm Losses

2 months ago

In a bold strategic maneuver, Masayoshi Son, the founder of Rakuten, is betting heavily on the evolving field of artificial intelligence (AI) to counteract substantial losses in the company’s mobile division. Son's approach highlights his belief in the transformative potential of AI technologies as pivotal to establishing long-term growth and sustainability for the struggling telecom unit.

Rakuten Launches Its Third Dollar Bond Offering of 2024 Amid Market Developments

4 months ago

In a strategic move to bolster its financial standing, Japanese e-commerce giant Rakuten has officially commenced the marketing process for its third dollar bond offering in 2024. This decision comes as the company seeks to stabilize its balance sheet and expand its access to international capital markets. The dollar-denominated bonds are anticipated to attract a wide range of institutional investors, enhancing Rakuten's position in a competitive landscape.

Rakuten Reenters Dollar Bond Market with Ambitious Hybrid Notes

4 months ago

In a significant financial maneuver, Japanese e-commerce giant Rakuten has announced plans to re-enter the dollar bond market, aiming to raise substantial funds through the issuance of hybrid notes. This move is indicative of Rakuten's ongoing strategy to strengthen its financial position amid evolving market conditions and its increase in global market activities.

Rakuten Offloads 15% Stake in Mizuho Credit Card Arm for Over $1 Billion

5 months ago

In a strategic move to enhance its financial standing, Rakuten Inc., one of Japan's leading e-commerce giants, has successfully divested a 15% stake in its credit card subsidiary, a partnership with Mizuho Financial Group. This transaction, which has been valued at over $1 billion, signifies a substantial shift in Rakuten’s financial strategy as the company navigates through competitive pressures and seeks to bolster its capital reserves.