Rakuten to Sell 8 Stake to Japan Post in Amazon Battle
Japanese ecommerce firm Rakuten Inc said on Friday it would sell an 8.32 stake to postal and banking giant Japan Post Holdings Co Ltd, deepening a logistics tieup in the face of competition from rivals such as Amazon.com Inc. Rakuten, which plunged to an operating loss in 2020, is under pressure on multiple fronts as […]