Rakuten Group said it no longer plans to list its securities arm on the Tokyo Stock Exchange, and will instead focus on deepening its partnership with Mizuho Securities. https://www.japantimes.co.jp/business/2025/01/30/markets/rakuten-securities-ipo-nixed/?utm_medium=Social&utm_source=mastodon #business #markets #rakuten #stocks #hiroshimikitani

Rakuten’s chief dismissed skeptics who call the Japanese e-commerce pioneer’s mobile foray a mistake and said the telecom arm is central for future growth through artificial intelligence. https://www.japantimes.co.jp/business/2025/01/21/companies/rakuten-ceo-mikitani-ai-bet/?utm_medium=Social&utm_source=mastodon #business #companies #rakuten #hiroshimikitani #phones #telecoms #ai

Rakuten Group is selling about 15% of its lucrative credit card arm to Mizuho Financial Group for ¥165 billion ($1.1 billion), the latest move by the online retailer to shore up its capital. https://www.japantimes.co.jp/business/2024/11/14/companies/rakuten-card-unit-sale-mizuho/ #business #companies #rakuten #mizuho #hiroshimikitani #creditcards

Debt-laden Rakuten Mobile has rolled out a new 700 MHz service, which it says will improve connectivity — including in densely populated areas — as it seeks to compete in a cutthroat market. https://www.japantimes.co.jp/business/2024/06/27/companies/rakuten-mobile-mikitani/ #business #companies #hiroshimikitani #rakuten #rakutenmobile

Rakuten Group on Wednesday reported a group net loss of ¥339.4 billion for the year ended in December, its second-largest annual loss ever. https://www.japantimes.co.jp/business/2024/02/15/companies/rakuten-loss/ #business #companies #rakuten #hiroshimikitani #phones

Hiroshi Mikitani, whose Rakuten Group is losing billions of dollars to break into Japan’s wireless market, said he’s devoting a fifth of his time to a U.S.-based biotech startup for cancer treatments. https://www.japantimes.co.jp/business/2023/08/07/rakutens-mikitani-spends-a-fifth-of-his-time-on-biotech-startup/?utm_content=buffera37b1&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #hiroshimikitani #rakuten #investments #medicine #biotechnology #cancer

[Commentary] Rakuten is selling whatever it can to plug a hole in its finances caused by a misadventure into mobile. https://www.japantimes.co.jp/opinion/2023/07/14/commentary/japan-commentary/mobile-carrier-market/?utm_content=buffer7b81a&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #opinion #commentary #softbank #nttdocomo #hiroshimikitani #rakuten #kddi #tech