TOKYO, Nov 14 (News On Japan) –
Rakuten Group reported an working revenue of 500 million yen for the quarter from July to September, marking a pointy turnaround from final yr’s 54.4 billion yen loss and attaining its first quarterly revenue in practically 4 years.
The strong progress in its e-commerce and monetary providers companies offset the losses within the cell division, the place heavy infrastructure investments proceed.
Rakuten’s President Mikitani expressed confidence in bringing the cell enterprise to profitability “in the not-too-distant future.”
Additionally, on November thirteenth, Rakuten introduced that its subsidiary Rakuten Card had entered a capital and enterprise alliance with Mizuho Financial Group. A joint press convention is scheduled for November 14th to stipulate particular future initiatives.
Source: ANN