Tag: rakuten
KKR, Rakuten to acquire most of Walmart’s stake in Japanese supermarket chain Seiyu
Walmart announced today it will sell most of its shares in Seiyu, the Japanese supermarket chain it acquired 12 years ago, to KKR and Rakuten. The deal values Seiyu at about $1.6 billion and means Walmart will almost completely exit its operations in Japan. Under the agreement, investment firm KKR…
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Europe urges e-commerce platforms to share data in fight against coronavirus scams
European lawmakers are pressing major e-commerce and media platforms to share more data with each other as a tool to fight rogue traders who are targeting consumers with coronavirus scams. After the pandemic spread to the West, internet platforms were flooded with local ads for PPE of unknown and/or dubious…
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Rakuten acquires Innoeye for its push into 5G and communications services
Rakuten, often referred to as the “Amazon of Japan” with extensive holdings in e-commerce and streaming media, has made an acquisition that will help it build up and flex a newer arm of its business: communications services. Today, the company announced that it is buying Innoeye, an engineering company based…
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Rakuten Mobile’s low-cost data plan fully launches in Japan
Rakuten Mobile announced the full commercial launch of its low-cost data plan in Japan today. Priced at 2,980 yen (about $27) per month, the plan gives users unlimited calls and data where Rakuten has its own networks. The company also raised the amount of domestic roaming data in response to…
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Codility raises $22M for its tech recruiting platform
Codility, a platform that helps tech recruiters and hiring managers asses candidates through online coding tests, today announced that it has raised a $22 million Series A round led by Oxx and Kennet Partners. This marks the first time Codility has raised any funding, after ten years as a bootstrapped…
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