Rakuten Group Inc. Mulls Merging Financial Units

By
Hiroshi Tanaka
1 min read

Rakuten Group Inc., the debt-laden online retailer, announced its intention to explore the consolidation of its financial units to facilitate cooperation. The Japanese conglomerate is contemplating the integration of its banking, securities, credit card, and insurance businesses into a unified entity within the company. This strategic move aims to foster synergies and operational efficiency, potentially influencing the market landscape. The development has elicited a positive response, reflected in the surge of Rakuten's shares following the announcement on Monday.

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