2 Followers TSE:4755 - Rakuten Group Inc Rakuten Group Inc
Sector: Consumer Discretionary, Industry: Internet & Direct Marketing Retail
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JPY 1273.0    -21 (-1.62%)
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18 Jun 2021


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General

Description

Rakuten Group Inc is a leading e-commerce and fintech service provider in Japan. It has built up a comprehensive Rakuten ecosystem in Japan, including Rakuten Ichiba for e-commerce, Rakuten Travel, Rakuten Card, Rakuten Bank, Rakuten Securities, and decided to become the fourth mobile network operator in Japan, started its full service in April 2020. Mergers and acquisitions in Internet and e-finance businesses have driven growth. The loyalty program, Rakuten Super Points, has encouraged the cross-use of services in its ecosystem. About 80% of revenue is generated from the Japanese market and the firm has been scaling back its unprofitable overseas business.