|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||10.40 - 10.50|
|52 Week Range||6.47 - 12.04|
|Beta (3Y Monthly)||1.62|
|PE Ratio (TTM)||10.70|
|Forward Dividend & Yield||0.08 (0.77%)|
|1y Target Est||N/A|
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.
More numbers have emerged on exactly how quickly Amazon.com, Inc.'s (NASDAQ: AMZN) disruption of the transportation and logistics is proceeding. On Thursday, Rakuten Intelligence reported that in the months of March and April Amazon carried as much as 45 percent of its own shipments. Rakuten Intelligence is the big data and business intelligence subsidiary of Rakuten, the electronic payments and e-commerce giant of Japan.
(Bloomberg) -- Japan’s technology stocks are having a surprisingly good 2019 even as trade tensions have escalated between the world’s largest economies.Well-known internet and telecom giants Rakuten Inc. and SoftBank Group Corp. are doing especially well, closing the first half with gains of 74% and 41% respectively. The pair are riding expectations for their global investments as well as hopes for their domestic operations.Lesser known nut-and-bolt tech manufacturers also feature in the top gainers on the Nikkei 225 Stock Average, which is up 6.3% year to date. On the flipside, stocks that benefit from domestic demand, including drugmakers, retailers and utilities, have been among the biggest losers on the blue-chip gauge.The broader Topix index has mustered only a 3.8% advance in 2019, making it the worst performer this year among 24 advanced markets tracked by Bloomberg, as foreigners desert Japanese stocks amid U.S.-China trade tensions.Here are some of 2019’s best and worst stocks in the world’s third largest stock market:Rakuten Inc. (up 74%)The Nikkei’s top stock of the first half of 2019 has benefited from expectations ahead of the launch of its mobile phone network scheduled for October, aided by government efforts to bolster competition in the industry.Rakuten also saw market debuts this year by two of its major investments, Lyft Inc. and Pinterest Inc.SoftBank Group Corp. (up 41%)Masayoshi Son’s flagship has overcome a drag from a decline in Lyft peer and fellow 2019 debutante Uber Technologies Inc. for the Nikkei’s third-best performance in the past six months.It has benefited from a gradual improvement in how the market evaluates the investments of its $100 billion Vision Fund, as well as the possibilities of it launching an IPO and a second equally sized vehicle being created.Meanwhile, SoftBank has restructured its investment in Yahoo Japan Corp. and may finally be getting close to shedding the albatross of its stake in Sprint Corp.Hitachi Ltd. (up 35%)Investment restructuring has also been a key theme for Hitachi, which continues to shed stakes in listed subsidiaries.That should help the parent company focus on its core businesses including its Lumada IoT platform, for which there is high expectations.Not-so-famous TechIt’s not just the larger, sexier tech names that have gained in 2019. The Nikkei 225’s top 10 also includes Yaskawa Electric Corp. (up 36%) and Advantest Corp. (up 32%) -- key players in Japan’s prized factory automation and semiconductor production equipment industries. These stocks have weathered global threats of tariffs and blacklists amid hopes for business recovery later this year.Defensive SlumpWhile tech has outperformed, Japan-focused sectors have suffered. Utilities have dropped more than any other Topix industry group in 2019, hurt by rising fuel costs and continued issues over nuclear regulation. Higher oil prices have also crimped transportation companies such as Yamato Holdings Co., which is down 28% year to date. FamilyMart UNY Holdings Co. (down 26%) and Seven & i Holdings Co. (down 24%) are both among the Nikkei 225 worst performers as convenience stores grapple with investments in new technologies and higher personnel costs amid Japan’s severe labor shortage.Drugs: Some Good, Some BadAs the market snubs defensive sectors, pharmaceuticals stocks have shown mixed performances. Sumitomo Dainippon Pharma Co. (down 42%,) and Eisai Co. (down 28%) are the top two blue-chip losers after disappointing drug trials. Meanwhile, peer Daiichi Sankyo Co. (up 61%) ranks second-best on the Nikkei, boosted by a cancer treatment tie-up with AstraZeneca Plc.(Updates with first-half closing prices.)To contact the reporter on this story: Kurt Schussler in Tokyo at email@example.comTo contact the editors responsible for this story: Divya Balji at firstname.lastname@example.org, Joanna OssingerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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.
TEWKSBURY, Mass., May 8, 2019 /PRNewswire/ -- Altiostar, the pioneer in open virtualized RAN (open vRAN) technology, announced today that it has closed a $114 million Series C round of financing with Rakuten coming on board as an investor. In early 2018, Qualcomm Ventures LLC and Tech Mahindra also participated in the C-round as investors. This financing will be used to expand Altiostar's virtual RAN solution to encompass 4G and 5G products allowing telecom operators to build end-to-end web-scale cloud native networks.
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.
Tech Bytes: Bitcoin's Surge, Apple's Life-Saving Device, and More(Continued from Prior Part)China is by far the biggest e-commerce market in the world Global e-commerce sales are likely to grow further this year, according to eMarketer estimates.
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 Latest in Tech: Lyft, Apple, and Rising Streaming Competition(Continued from Prior Part)Lyft raised over $2 billion in its IPOLyft, Uber’s domestic ride-hailing rival, successfully raised over $2.3 billion on March 28 as it prepared to go
The Zacks Analyst Blog Highlights: Avid Technology, Digital Turbine, Castlight Health, Upland Software and Rakuten
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.