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Tag: Rakuten

Japan Post, Rakuten tie-up in digital delivery, cashless pay

Technology
Japan’s giant postal system says it is investing about $ 1.4 billion, for an 8% stake in the e-commerce venture Rakuten to strengthen a partnership in deliveries, fintech and other areasBy YURI KAGEYAMA AP Business WriterMarch 13, 2021, 3:38 AM• 2 min readShare to FacebookShare to TwitterEmail this articleTOKYO -- Japan’s postal system is investing 150 billion yen ($ 1.4 billion) in an 8% stake in the e-commerce venture Rakuten to strengthen a partnership in deliveries, fintech and other areas.Rakuten's shares shot up 8.6% in Tokyo trading Friday on news of the tie-up with Japan Post. Japan Post's gained 4.9%.Japan Post Holdings President Hiroya Masuda said Friday that the deal brought together “the digital and the real.”The cooperation between the old-style analog mail and Rakuten, foun...