The less bumpy way to ride e-commerce = Rakuten

[FlankerStan]

What's Behind The Outlook Change To Stable Of Rakuten Group Inc.?

Tuesday, June 04, 2024 10:00 AM Singapore

Please join S&P Global Ratings analysts for a live interactive webinar on Tuesday, June 4, 2024, when they will discuss the outlook change to stable for Japan-based Rakuten Group.

https://event.on24.com/wcc/r/4611125/7B59DB44ABFD7DFEC3C09F3…

[FlankerStan]

Departure of Rakuten does not mean a sale, only that they had not take part by the last financial rounds

Departure of Rakuten does not mean a sale, only that they had not take part by the last financial rounds. After my estimates the ownership decreased therefore only from about 45% to about 35%.

Cabify increased its revenues by 30% in 2024 and contemplates a future IPO

Wednesday, May 29, 2024

Cabify increased its gross profit by 40.9% in 2023 to US$ 111.1 million and placed its turnover at just over US$ 899 million, this is 30.7% more than a year ago, according to to know this Wednesday the company itself in its 2023 impact report.

The company maintains the break-even point in terms of gross operating profit (Ebitda) globally, improving the results of 2022.

The mobility company thus recorded the third consecutive year with a growth in the company's business volume above 30%, after registering an increase of 32% in 2022 and 44% in 2021.

https://www.americaeconomia.com/en/negocios-e-industrias/cab…

[FlankerStan]

Rakuten Symphony announces Sagiv Dresznan as Chief Architect

May 29, 2024

In his first interview since being appointed as Rakuten Symphony's Chief Architect, Sagiv shares his vision of bringing a cohesive approach between our OSS, RAN and Cloud Business Units and provide the highest quality, most efficient and industry leading solutions to our customers and partners.

[FlankerStan]

Fireside Chat - Beyond Connectivity: Redefining the Telco | Ft. Rahul Atri

May 31, 2024

At Futurenet World 2024, Rakuten Symphony's Rahul Atri joined GSMA's Jawad Jalal Abbassi for an engaging Fireside Chat titled "Beyond Connectivity - Redefining the Telco." Watch to explore the full discussion and what it means for Rakuten Symphony to redefine an industry.

[FlankerStan]

Rakuten Pay Announces Streamlining Strategy Amid Japan's Point Economy Revolution

May 31, 2024

Rakuten Payment announced its strategy to consolidate its app, Rakuten Pay. The first stage of this strategy is to integrate the Rakuten Pay, Rakuten Point card, and Rakuten Edy apps into one starting December 2024. As Japan's point economy transforms, Rakuten Pay is strengthening its role as the gateway into other Rakuten fintech services. Check out the video for the full details of the strategy and recent achievements of the rapidly growing Rakuten Pay.

[FlankerStan]

Rakuten's latest twelve months ev/ebidita is 9.8 x

[FlankerStan]

Rakuten Launches Invite-only Membership Program for Luxury Shopping

Alexandra Pastore
Thu, May 30, 2024

Rakuten is looking to enhance its place in the luxury shopping arena and is launching a paid membership program for luxury shoppers this September.
Called Rakuten+, the program will allow invite-only shoppers to earn 10 percent cash back from participating brands and retailers year-round. The program is meant to be a channel for luxury brands to speak directly to shoppers, and participating designer brands will be able to leverage the higher cash back offers to grow their audiences and inspire repeat purchases.

Dana Marineau, chief marketing officer at Rakuten Rewards, said that as a company whose core audience is Millennial women, Rakuten recognizes the significant role that designer and luxury retail plays for its members. With that in mind, the company has made substantial marketing investments to this audience and aligned itself with top designer brands.

https://finance.yahoo.com/news/exclusive-rakuten-launches-in…

[FlankerStan]

Sagiv Draznin and Subha Shrinivasan to senior architecture and customer delivery roles

Rakuten Symphony promotes Sagiv Draznin and Subha Shrinivasan to senior architecture and customer delivery roles

May 30, 2024

https://symphony.rakuten.com/blog/rakuten-symphony-promotes-…

[FlankerStan]

Rakuten and Thailand Sign MoU to Promote Thai Products

May 29, 2024

The Thai Department of International Trade Promotion (DITP) collaborates with e-commerce platforms from around the world through the "TOPTHAI" project to increase awareness of Thai products. As the latest partner in this collaboration, Rakuten Ichiba has established the TOPTHAI Store, the first sales page dedicated to Thai products on a Japanese e-commerce website. This report includes a special message from the Deputy Prime Minister of Thailand so keep watching until the end!

[FlankerStan]

Copilot of Microsoft Bing about Rakuten Viber

It seems that 2024 could indeed be a significant year for Rakuten Viber. They have introduced an innovative AI-powered feature that summarizes group chats. This feature, leveraging the technology behind ChatGPT, condenses long conversations into bullet points, ensuring that important details are not missed1. It’s designed to enhance decision-making and productivity by providing users with a quick way to catch up on unread messages.

The rollout of this feature began in the U.S., the Philippines, Ukraine, Japan, Bulgaria, and Poland, with more countries expected to follow. This development reflects Rakuten Viber’s commitment to innovation and improving user experience, which could potentially make 2024 a standout year for the company.

https://www.bing.com/search?q=rakuten+viber+may+2024&gs_lcrp…