, Japan

Japan Post invests $1.37b for a 8.32% stake in Rakuten

The two companes are looking to collaborate specifically on product sales.

Japan Post Holdings have bought a 8.32% stake in Rakuten via an allotment of 131 million shares at an investment amount of around $1.37b (JPY150b), the company announced in a press release.

At the same time, Japan Post Holdings, Japan Post, and Rakuten have signed a business alliance agreement to strengthen their collaborations across a range of fields, including logistics, mobile, digital transformation, and more.

Under e-commerce, the two companies are looking to collaborate on product sales. Both Groups will continue to explore the broader potential for deepening their collaborative relationship.
 

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Hydration products gain traction in APAC
It was driven by increased awareness of health concerns like global warming and modern lifestyles.
Ingka Group unveils strengthened climate targets
It focuses on reducing GHG emissions, carbon removal and storage, and contributions beyond the value chain.
How can retailers improve customer value and operations
Businesses must adopt a unified commerce strategy to meet consumer demand for seamless transactions driven by technology.

Exclusives

AI prompts fearless dive into corporate reinvention
Siam Piwat Group’s digital chief touts AI’s transformative power in boosting customer value, personalisation, and brand trust.
Indonesia’s future of retail lies in a blended approach
Industry leaders discuss the innovative strategies to meet evolving consumer needs at Retail Asia Forum 2024