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EXCLUSIVE-China's JD.com in talks to purchase stake in brokerage worth up to $1.5 bln - sources

Yongjin holds a 27% stake worth up to 10 bln yuan - sources ....

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Rakuten to sell 8% stake to Japan Post in Amazon battle

2 Min Read
TOKYO (Reuters) - Japanese e-commerce firm Rakuten Inc said on Friday it would sell an 8.32% stake to postal and banking giant Japan Post Holdings Co Ltd, deepening a logistics tie-up in the face of competition from rivals such as Amazon.com Inc.
FILE PHOTO: The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam Nussey
Rakuten, which plunged to an operating loss in 2020, is under pressure on multiple fronts as it battles Amazon in e-commerce and takes on Japan’s cash-rich telcos with its own mobile network.
“Rakuten is the best partner for us, as it has advanced digital technology,” Japan Post Holdings Chief Executive Hiroya Masuda told a news conference. ....

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UPDATE 1-Japan Post Holdings, Rakuten to form capital alliance, sources say

2 Min Read
TOKYO (Reuters) - Japanese e-commerce firm Rakuten Inc said on Friday it would sell an 8.32% stake to postal and banking giant Japan Post Holdings Co Ltd, deepening a logistics tie-up in the face of competition from rivals such as Amazon.com Inc.
FILE PHOTO: The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam Nussey
Rakuten, which plunged to an operating loss in 2020, is under pressure on multiple fronts as it battles Amazon in e-commerce and takes on Japan’s cash-rich telcos with its own mobile network.
“Rakuten is the best partner for us, as it has advanced digital technology,” Japan Post Holdings Chief Executive Hiroya Masuda told a news conference. ....

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US STOCKS-Dow notches fifth straight record high

The Nasdaq and S&P 500 post best week in five (Adds 4 p.m. close) ....

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Amazon Canada asked to shut Brampton facility, workers to self isolate for 14 days

Amazon.com Inc's Canada division has been ordered to close its Brampton facility in southern Ontario, with workers being asked to self-isolate for 14 days, according to a statement from Peel Public Health on Friday. ....

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