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From around 100 employees in 2016, to housing 2000 people in its largest office outside Tokyo, the Indian arm of Rakuten, the Japanese technology conglomerate has been scaling up its presence in India with bets across fintech, content streaming, analytics, healthcare and telecom, CEO Sunil Gopinath says, in a freewheeling chat with ETs Subhrojit Mallick.
Rakuten: "We are definitely talking to everybody, not just in India and APAC, but globally, with operators who are looking at a faster time to market. We launched our 5G network in less than two years from concept to go-to-market, which was unheard of at that time. We cut our operating costs by 40%, because now we don’t have to put dedicated hardware like base stations and so on. "
Bursa Malaysia is expected to trend higher this week, with a cheaper valuation of the local bourse after profit-taking activities during the last two trading days this week may attract more foreign investors into the market.
The April-June period was Rakuten's 12th straight quarter of losses as its mobile offering has failed to bring in the customers to cover the immense costs of building out the network.
Bursa Malaysia is expected to rebound amid bargain hunting activities from Monday (Aug 14) driven by improved risk appetite in the market post-election.