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Company in focus

Rakuten's $2bn Lyft windfall reveals hidden ambitions

Japan's e-commerce pioneer quietly builds portfolio of tech investments as online mall share falters

WATARU SUZUKI, Nikkei staff writer | Japan

TOKYO -- When Lyft shares start trading in New York on Friday, one of the biggest beneficiaries of the U.S. ride-hailing giant's IPO will be more than 10,000 km away in Tokyo.

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