Rakuten to raise $1.38 bil. in capital tie-up with Japan Post

Japanese e-commerce giant Rakuten Inc. will raise 150 billion yen ($1.38 billion) from Japan Post Holdings Inc. in a capital tie-up intended to boost competitiveness in logistics, online shopping and other digital services, the companies said Friday.The tie-up will enable Rakuten, known for its online shopping mall, to make the best use of the nationwide delivery network of the postal giant, which also has banking and insurance units. The company is also seeking to bring digital transformation to the logistics business.Rakuten has faced competition from rivals such as Amazon.com Inc. at a t…READ FULL ARTICLE