Rakuten launches the Rakuten FinTech Fund with the aim of empowering great entrepreneurs around the world.
The decision to consolidate these operations coincides with Rakuten’s unveiling its financial performance for the second quarter.
Both companies recognize the potential of AI technologies and are actively seeking to harness them to boost their businesses.
Rakuten shares gained approximately 7.9 percent YTD despite dropping about 20 percent last year.
Following the IPO, Rakuten Bank is billed to finally go public on the Tokyo Stock Exchange on April 21.
Many businesses have been accepting Bitcoin as payment for years long before Tesla’s three-month fling with the top cryptocurrency.
Rakuten is raising a massive $2.2 billion with its stake to some of the big companies. The company plans to use this capital to expand its delivery network and establish a strong footing in Japan’s rural areas.
Rakuten users will be able to shop using Bitcoin, Ethereum, and Bitcoin Cash.
The definitive agreement will ensure that KKR & Co purchases the majority of the stakes by owning 65% of Walmart’s ownership in Seiyu GK with Rakuten purchasing 20% of the stake.
Visa, Discover, Mastercard, and American Express have introduced a single payment button for checkout.
China’s Tencent Holdings led the latest funding round for Everledger which specializes in leveraging blockchain and other emerging technologies in making global supply chains robust and transparent.
Recently it has come to light that Rakuten has managed to launch its own cryptocurrency exchange called Rakuten Wallet.
Rakuten Inc. reported an unexpected quarterly loss, hit by the depressed value of its investment in ride-hailing firm Lyft Inc. and heavy spending on a new wireless service.
Just recently, Fever, a startup which helps companies to plan events, has announced that they have raised $35 million. The funding round was led by Rakuten Capital and the funds will be used for further Fever expansion.
According to Viber’s CEO, the company is going to work on the promotion of its native Rakuten coin that is being developed in cooperation with Rakuten.
Rakuten, the leading Japanese e-commerce giant, has partnered with Techrock, blockchain-based supply chain and e-commerce company, in an initiative to bring verifiably authentic Japanese consumer goods to the Chinese market.