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TOKYO (Reuters) -Japan's Rakuten Group will fold its payments and points businesses into its credit card unit, it said on Thursday, a move that could set the struggling e-commerce company up to eventually list the card business. Despite strong revenue from its core e-commerce offerings, Rakuten has lost money for about 12 straight quarters, hit by the costly build-out of its mobile phone business, which has failed to gain traction in Japan. It has turned to listing some of its units - including its popular internet banking business, Rakuten Bank - to generate cash.

TOKYO (Reuters) -Japan's SoftBank Group posted a surprise loss but said it was dipping its toes back into new investments after its Vision Fund unit returned to the black for the first time in six quarters. The Vision Fund unit booked an investment gain of about 160 billion yen ($1.1 billion) for the April-June period, helped by an increased valuation for Arm, the chip designer slated for an initial public offering later this year. The investment giant has been in "defence mode" since May 2022 after tech valuations crashed due to sharply higher interest rates and jitters that ...

Japan's SoftBank Group reported a surprise loss of 477.6 billion yen in April-June, its third straight quarter of losses. The result was far worse than a Refinitiv SmartEstimate of 75...

Apple and Samsung Electronics will invest in SoftBank Group -owned chip designer Arm at its initial public offering, which is expected in September, Japan's Nikkei newspaper reported. ...

Apple and Samsung Electronics will invest in ARM at its initial public offering, expected in September, a report said.