Japan Post invests $1.37b for a 8.32% stake in Rakuten
The two companes are looking to collaborate specifically on product sales.
Japan Post Holdings have bought a 8.32% stake in Rakuten via an allotment of 131 million shares at an investment amount of around $1.37b (JPY150b), the company announced in a press release.
At the same time, Japan Post Holdings, Japan Post, and Rakuten have signed a business alliance agreement to strengthen their collaborations across a range of fields, including logistics, mobile, digital transformation, and more.
Under e-commerce, the two companies are looking to collaborate on product sales. Both Groups will continue to explore the broader potential for deepening their collaborative relationship.