TOKYO -- Rakuten said Tuesday that it will book a valuation loss of around 103 billion yen ($950 million) in the July-September quarter for its Lyft shareholdings, following a plunge in the U.S. ride-hailing company's stock price during the period.
Companies
Lyft costs Rakuten $950m in write-downs
US ride-hailer's stock slide slams Japanese e-commerce giant
