Rakuten Considers Combining Financial Units; Shares Jump
- Reorganization may boost value of fintech business: analysts
- Japanese internet conglomerate is struggling with debts
Rakuten Group CEO Hiroshi Mikitani.
Photographer: Kosuke Okahara/BloombergThis article is for subscribers only.
Rakuten Group Inc., the debt-laden online retailer, said it will consider combining its financial units to promote collaboration.
The Japanese conglomerate will examine whether to put its banking, securities, credit card and insurance businesses into a single group within the company, it said in a statement on Monday.