|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||10.24 - 10.41|
|52 Week Range||6.08 - 11.40|
|Beta (3Y Monthly)||1.49|
|PE Ratio (TTM)||10.69|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Analysts attributed the weakness in the stock to last week's big declines on ride-hailing giant Uber's debut day. SoftBank, through its landmark Vision Fund, is a major investor in Uber. In its IPO day on Wall Street last Friday, shares of Uber plunged more than 7%, closing below $42 per share with a market cap of $69.7 billion.
Japanese e-commerce firm Rakuten Inc's first-quarter operating profit jumped fourfold as it booked a $1 billion gain on its stake in U.S. ride-hailing company Lyft Inc. Rakuten has grabbed investor attention with its overseas tech bets, despite modest means compared with bigger Japanese rival SoftBank Group Corp, whose founder and CEO Masayoshi Son has tapped Saudi Arabian oil money and abundant cash from SoftBank's telco business to fund his tech investments. Rakuten's investments include Lyft, which listed in March, and online scrapbook company Pinterest Inc, which listed last month.
1.) Ikea Ikea’s R&D laboratory Space10 has teamed up with blockchain ventures Bloc and Blocktech and architects SachsNottveit to develop a prototype clean energy microgrid that could enable communities to be self-sufficient for their electricity supply. “Centralised energy systems are often too slow and economically inadequate to reach the billion people who remain locked in energy poverty,” says Bas Van De Poel, Creative Director at Space10. “The SolarVille project showcases that, when working in tandem, technologies such as solar panels, micro-grids and blockchain open new opportunities: off-grid systems allowing people to leapfrog traditional grid electricity.” Ikea already sells solar panels and battery storage systems and SolarVille could be a sign that the furniture retailer is looking to expand this side The post Five retailers that are all about the blockchain right now appeared first on Coin Rivet.
Amazon AMZN is involved in about 50% of all e-commerce transactions in the United States. There, Amazon is locked in a tight competition for market share with Japanese company Rakuten 4755.T-JP . Rakuten offers a popular points-based loyalty program, as well as a whole host of products and services referred to in Japan as "Rakuten World." This includes the country's number one credit card, its largest online bank, a wireless network and a streaming service.
Japan's telcos were formally allocated 5G spectrum by regulators on Wednesday, a major milestone ahead of the launch of high-speed wireless services next spring. The three big carriers - NTT Docomo, KDDI ...
ShopBack, a Singapore-based startup that offers cashback and consumer rewardsin Asia Pacific, has closed a $45 million round led by new investors RakutenCapital and EV Growth
Rakuten Capital and EV Growth are leading the investment round for ShopBack, which offers cashback and other rewards for a plethora of names from Airbnb and Foodpanda to Booking.com and Alibaba’s Taobao. ShopBack, backed by the likes of SoftBank Ventures Asia, said it handled close to $1 billion in sales for some 2,000 merchants in 2018.
Viber Local Number, as the service is called, is available to anyoneglobally, but for now the numbers you can register are in the U
YAHOO JAPAN COR/ADR (OTC: YAHOY) is set to launch a new cryptocurrency exchange, Taotao, starting in May. Yahoo! Japan first took a 40-percent stake in Taotao, formerly BitARG, in March 2018 at a reported price of around $19 million. Taotao will initially allow trading of bitcoin and Ethereum and allow margin positions in Litecoin, Bitcoin Cash and XRP.
Japan's Rakuten said on Monday it will book a 110 billion yen (£759 million) gain in the quarter through March on its investment in Lyft following the U.S. ride-hailing firm's listing last week. Rakuten become Lyft's largest shareholder with a 13 percent stake ahead of its IPO. Lyft shares closed 9 percent higher at $78.29 in their market debut on Friday, giving the loss-making firm a market capitalisation of around $22.2 billion.
Japanese e-commerce giant Rakuten will launch its cryptocurrency exchange, Rakuten Wallet, in June. This was recently renamed from Everybody’s Bitcoin and will start accepting applications for accounts in April. Rakuten acquired the exchange last year for 265 million yen, a few months after Japanese authorities issued a business improvement order against Everybody’s Bitcoin due to concerns about its risk management system. Rakuten said at the time: “We expect that the role of cryptocurrency-based payments in e-commerce, offline retail and in P2P payments will grow in the future. In order to provide cryptocurrency payment methods smoothly, we believe it is necessary for us to provide a cryptocurrency exchange function.” It has now completed a restructuring process, including formulating a business improvement The post Rakuten sets June launch date for crypto exchange appeared first on Coin Rivet.
The operator of Japan’s most popular messaging platform and the used-goods online marketplace app will let users shop and pay for purchases at stores that accept each other’s systems starting early this summer, they told reporters in Tokyo Wednesday. After years of inactivity, mobile payments competition is heating up in Japan.
A subsidiary of Japan Yahoo will allow the trade of cryptocurrencies after a reported $19 million deal. Taotao, formerly known as BitARG, will launch in May and is a 40% subsidiary of the internet giant. It will trade in cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) and will offer margin trading for Litecoin (LTC), Bitcoin Cash (BCH), and Ripple (XRP). Taotao has regulatory approval from the Japan Financial Services Agency (JFSA). Local media reported Japan Yahoo paid about 2 billion yen for the stake. Pioneering Japan Japan Yahoo is not the first mainstream Japanese company to invest in blockchain. Japanese e-commerce giant Rakuten is fusing the technology and its Super Points loyalty programme to create its own cryptocurrency, Rakuten Coin. The post Japan Yahoo backs new cryptocurrency exchange appeared first on Coin Rivet.
Hiroshi "Mickey" Mikitani’s e-commerce group Rakuten Inc. owns 13.1 percent of the ride-hailing company’s Class A shares, offering documents show. Rakuten, Japan’s largest online retailer, owns an eclectic assortment of side businesses including a professional baseball team and a bus service. It first invested in Lyft in 2015, acquiring an 11.9 percent stake for $300 million.
Rakuten Inc. may soon expect its more than 17,000 employees to know how a computer compiles a program and understand the difference between a CPU and GPU (one is the brains of a PC, the other runs the graphics). Mikitani, a trailblazer in Japan’s internet economy, is considering this dramatic step as his e-commerce empire faces increasing pressure from the likes of Amazon.com Inc. It’s an attempt to keep the skills of employees up to date and answer the question -- do you need to know programming to work in tech? “If you’re working for Toyota, for example, you know how the automobile works -- basic structure of the engine, suspension and so forth,” Mikitani told Emily Chang of Bloomberg Television.
Rakuten TV, the Japanese e-commerce giant's effort to take on Netflix and Amazon in the world of video streaming, has been a minor player when it comes to market share for online entertainment, with a mere 7 million users of its service. The company is adding 30 new countries in Europe where the service will operate, bringing the total across the region and Japan to 42. The two moves together underscore how Rakuten may not have been among those riding the wave as video streaming has exploded in popularity -- compare its 7 million users with the 139 million users Netflix reported in its most recent earnings -- but it does not seem ready to throw in the towel on it, either.
Japanese e-commerce firm Rakuten plans to expand its video-on-demand streaming service to 42 European countries, partnering with leading smart TV makers to offer movies in high-definition at the push of a remote-control button. The move positions Rakuten TV as a niche player offering 'cinema at home' to viewers who typically pay 4.99 euros ($5.64) to watch a recent Hollywood release, alongside streaming giants Netflix and Amazon Prime Video. All three have branded buttons on remote controls of internet-enabled smart TVs made by firms such as Samsung Electronics, LG, Philips and Hisense.
Rakuten invested $300 million in Lyft in 2015, when the ride-hailing company was trying to avoid being crushed by Uber. The investment made Rakuten the biggest investor in Lyft. SoftBank later became the top backer of Uber, pitting two Japanese tech giants against each other in the U.S.
In Japan, Amazon faces tight competition from Rakuten. The Japanese e-commerce company has a robust customer loyalty program, and a suite of products and services including its own credit card, online bank and streaming services. But in recent years, Amazon has captured greater market share in e-commerce thanks to its superior logistics capabilities, and focus on price and convenience.