Rakuten sticks to mobile ambitions despite $608m loss
E-commerce provider pins hopes on new roaming deal to draw customers
Rakuten's mobile business has bled red ink in the January-March quarter for the last four years. (Photo by Hiroki Endo)
TOKYO -- Rakuten Group's mobile operations continued to weigh on overall earnings last quarter, results released Friday show, but the Japanese e-commerce company has not given up on the business.
Rakuten posted an 82.5 billion yen ($608 million) net loss for the three months through March, a slight improvement on the year, but still a fourth straight year of red ink for that quarter.
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.
Celebrate our next chapterFind out more
Free access for everyone - Sep. 30