The Business Times

Rakuten

Companies & Markets

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

Rakuten sees an opportunity in Japan, which has been a laggard in the adoption of digital and AI-powered technologies.
Telcos, Media & Tech

Rakuten billionaire justifies mobile arm losses with big AI bet

Rakuten has been tapping financial markets this year to raise fresh funds to pay down its obligations.
Companies & Markets

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.
Companies & Markets

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.
Consumer & Healthcare

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

Signage for Rakuten Group Inc. displayed at the Rakuten Optimism event in Yokohama, Japan, on Wednesday, Aug. 2, 2023. The annual event by the Japanese e-commerce Rakuten Group continues through Aug. 6. Photographer: Kiyoshi Ota/Bloomberg
Companies & Markets

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

Rakuten has been tapping financial markets this year to raise fresh funds to pay down its obligations.
Telcos, Media & Tech

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.
Startups & Tech

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.
Banking & Finance

Rakuten Bank shares surge 13% after raising profit forecast

The firm is among a large batch of junk issuers tapping the market.
Companies & Markets

Rakuten plans US$1 billion bond sale in debt extension effort

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