Rakuten

Rakuten AI boss diverges from big tech in prioritising low cost

Sales of Japan corporate bonds have reached about 1.5 trillion yen (S$13.1 billion) in the first five months of the fiscal year started Apr 1.

SoftBank, Rakuten tap Japan’s booming retail demand for bonds

Rakuten is now preparing to launch an AI assistant that serves as a travel and shopping agent to drive further traffic and engagement

Rakuten billionaire justifies mobile arm losses with big AI bet

Rakuten says it plans to use the funds from the current offering to redeem yen notes that have call options late next year.

Rakuten starts marketing its third dollar bond offering of 2024

A plan to reorganise Rakuten’s banking, securities, credit card and insurance businesses under one umbrella had fueled optimism around the debt-ridden company.

Rakuten slides most since May on fintech reorganisation delay

The tie-up with Ebay, which started on May 8 with just seven vendors on Rakuten’s second-hand goods unit Rakuma, aims to capitalise on the currency effect and also a move towards bargain hunting as cost-of-living pressures around the world crimp spending.

Rakuten, eBay team up to test US market for used Japanese fashion goods

Rakuten has posted losses for five straight fiscal years due in part to an ill-timed move into the mobile business.

Rakuten boosts junk bond sale to US$2 billion with juicy yield

The debt-laden company has been tapping financial markets this year to raise fresh funds to pay down its obligations.

Rakuten offers US$1.25 billion junk bond in return to US market

Rakuten Group and Rakuten Bank entered into a memorandum of understanding on the re-organisation, which is set to take effect in October, the companies said in statements.

Rakuten Group aims to integrate bank, fintech units

Rakuten Bank has been enjoying growth in its customer base thanks to the group’s reward point system designed to lock in users.

Rakuten Bank shares surge 13% after raising profit forecast