TOKYO, Nov 14 (Information 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 almost 4 years.
The strong development in its e-commerce and monetary companies companies offset the losses within the cellular division, the place heavy infrastructure investments proceed.
Rakuten’s President Mikitani expressed confidence in bringing the cellular enterprise to profitability “within the not-too-distant future.”
Moreover, on November thirteenth, Rakuten introduced that its subsidiary Rakuten Card had entered a capital and enterprise alliance with Mizuho Monetary Group. A joint press convention is scheduled for November 14th to stipulate particular future initiatives.
Supply: ANN
