ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business deals

Rakuten lands $2bn in capital from Tencent, Walmart and Japan Post

Move helps Japan online group strengthen mobile business and take on Amazon

Rakuten, which began as a platform for online retailers, is teaming up with Japan Post as it endeavors to become a bigger player in Japan's digital economy. Walmart and a Tencent subsidiary are investing in its latest expansion. (Source photos by Arisa Moriyama, Kosaku Mimura and Reuters)

TOKYO -- Japan's Rakuten on Friday announced it plans to raise 242 billion yen ($2.2 billion) by issuing new shares to Japan Post Holdings, Walmart and an investment firm backed by China's Tencent.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more