Boosts Its News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Boosts its. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Boosts Its Today - Breaking & Trending Today

Rakuten Shares Jump 24% Post Stake Sale to Tencent, Walmart & Japan Post


Rakuten Shares Jump 24% Post Stake Sale to Tencent, Walmart & Japan Post
Mar 15 2021 · 10:06 UTC by Bhushan Akolkar · 3 min read
Photo: Depositphotos
You have successfully joined our subscriber list.
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.
On Monday, March 16, shares of Japanese tech giant Rakuten surged a massive 24% after the company announced a $2.2 billion fundraising. At the closing hours of the market, Rakuten Inc (TYO: 4755) shares were trading at 1,545 JPY.
Last Friday, Rakuten announced that it will be part of its stake to raise funds for expansion and compete with its US. rivals. Thus, Rakuten will sell 8.3% to local postal giant Japan Post. Similarly, Chinese telecom giant Tencent takes a 3.6% stake while US retail giant Walmart takes 0.9% stake. With this move, Japan Pos ....

Bhushan Akolkar , Koichi Niwa , Mitsunobu Tsuruo , Hiroshi Mikitani , Block Chain Technology , Rakuten Inc , Japan Post , Box Asia , Strong Footing , Boosts Its , கொவீசி நிவா , தொகுதி சங்கிலி தொழில்நுட்பம் , ரகுடென் இன்க் , சிட்டி குழுமம் , ஜப்பான் போஸ்ட் , பெட்டி ஆசியா , வலுவான கால் ,