Rakuten Inc’s shares jumped as much as 24% on Monday after the Japanese e-commerce firm said it would raise $2.2 billion through a stake sale to companies including Japan Post and Tencent as it takes on Amazon.
Rakuten shares were trading up 18% at 1,471 yen at 02:28 GMT – the biggest rise in 17 years – after earlier hitting a daily limit high of 1,545 yen. That brings Rakuten’s …
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Source: The Loadstar