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Rakuten wesentlich besser als Rocket

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Passende Knock-Outs auf DAX

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Libuda:

Rakuten wesentlich besser als Rocket

8
15.11.14 10:58
- und daher habe ich mir nach dem Einstieg bei Alibaba, die inzwischem mehr als 20% gut gemacht haben, auch einige Rakutens gekauft.

Look Out Amazon, Here Comes...Rakuten?
Japanese e-commerce firm Rakuten announced on Tuesday it is acquiring Ebates for $1 billion.

The acquisition, which Rakuten hinted at last week, is part of the Japanese company’s push to grow its base beyond its domestic market and hopefully, become a global player. Having made some $1.2 billion acquisitions to date along these lines, this is Rakuten’s most ambitious move to date.

However, investors are dubious that the company can absorb yet another foreign acquisition, much less one the size of Ebates, despite Rakuten’s strong cash position.
Then there is the ever-present Amazon, which dominates the e-commerce market in the U.S. Few believe it will falter in the face of Chinese giant Alibaba, much less a Rakuten-Ebates combo.

Rakuten Goes Forth

Not surprisingly, Rakuten says it is undaunted. For starters, it has assembled a very interesting mix of acquisitions. There is messaging app Viber, which it purchased for $900 million in February, the Canadian ebook offering Kobo, Spanish video service Wuaki.tv, Viki, a digital content platform and Buy.com.
Now it has picked up Ebates.

www.forbes.com/sites/erikamorphy/2014/09/...ere-comes-rakuten/
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New Alliances and AI Insights at Rakuten Optimism

 
23.05.26 22:48
New Alliances and AI Insights at Rakuten Optimism 2026 in the US

May 22, 2026

Rakuten International's flagship marketing conference, Rakuten Optimism 2026, brought together over 1,000 industry professionals to fuel meaningful connections in Phoenix, Arizona. As well as sessions covering topics such as AI-powered personalization and GenAI's influence in e-commerce, Rakuten International CEO & President Amit Patel shared news of a new strategic alliance with leading affiliate and influencer platform impact.com, which promises to realize "the most comprehensive and scalable performance marketing ecosystem this industry has ever seen."

https://www.youtube.com/watch?v=r6VZ2oighvs&t=52s
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Libuda:

Rakuten drives incremental revenue

 
24.05.26 11:50

business.rakuten.com/case-study/...rives-incremental-revenue/

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Libuda:

Germany open ran market highlights

 
24.05.26 16:14
The Germany open ran market generated a revenue of USD 151.2 million in 2025 and is expected to reach USD 1,797.1 million by 2033.

The Germany market is expected to grow at a CAGR of 35.7% from 2026 to 2033.

In terms of segment, hardware was the largest revenue generating component in 2025.

Software is the most lucrative component segment registering the fastest growth during the forecast period.

www.grandviewresearch.com/horizon/outlook/...n-market/germany
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Rakuten Kobo and StoryGraph announce integration

 
24.05.26 21:58
Deeper reading insights unlocked: Rakuten Kobo and StoryGraph announce integration

TORONTO, ON – May 19, 2026 – Rakuten Kobo, a global leader in digital reading, and StoryGraph, the community-driven platform for book lovers, announce a seamless reading integration coming in June 2026. This partnership marks a significant milestone for bibliophiles everywhere: Kobo is now the first and only eReader to offer native progress syncing with StoryGraph, allowing readers to spend less time logging their progress and more time getting insights into their reading lives.

"For a lot of us, the best part of reading is the community. It’s a part of how we show up in the world as readers every day,” said Michael Tamblyn, CEO, Rakuten Kobo. “That’s why I’m so excited about our integration with StoryGraph. We wanted to strip away the friction between finishing a chapter and tracking and sharing your progress. Now, Kobo readers can do exactly that, seamlessly. We love the ability to celebrate every page turned and every book completed with people who care just as much as you do. It makes your reading life a little more connected, a little more insightful, and a whole lot more fun."

With this new integration, Kobo eReaders and apps will automatically sync with a user’s StoryGraph account. Whether you are diving into an eBook or an audiobook, your reading progress will be captured effortlessly. When you finish a book on your Kobo, it will be automatically marked as "Read" on StoryGraph, ensuring your digital library and your reading stats are always in perfect harmony.

“Our mission is to make reading lives better, and removing the friction from tracking is one of the most direct ways we can do that. We're proud to be partnering with Kobo as the first eReader to integrate natively with StoryGraph, and what's launching in June is just the start of what we hope to build together,” said Nadia Odunayo, Founder & CEO, StoryGraph.

StoryGraph is renowned for its powerful feature set and deep data insights. By linking their accounts, Kobo users can leverage StoryGraph’s sophisticated analytics to understand their reading habits better. From personalized recommendations based on your unique tastes to detailed charts about your reading moods and pace, users can gain a deeper understanding of their literary journey.
Beyond tracking, this integration invites readers into a vibrant global community. Kobo users can stay motivated with reading streaks, participate in community-led challenges and join book clubs—all while their Kobo reading activity directly fuels their engagement on StoryGraph.

How the Integration Works:

Auto-Sync Current Reads: Recently opened books will automatically sync to your StoryGraph "Currently Reading" shelf.

Progress Tracking: Reading progress percentages will sync between Kobo and StoryGraph.

Finished Status: Finishing a book on your Kobo device will automatically update your status to "Read" on StoryGraph.

Comprehensive Support: The integration supports both eBooks and audiobooks.

Flexibility: While the integration is seamless, users will retain full control with manual override options available directly within the StoryGraph interface.

Coming in June, the integration will be available for all Kobo account-based content.

About Rakuten Kobo Inc.
Rakuten Kobo Inc. is the world’s digital bookseller created by and for booklovers. Owned by Tokyo-based Rakuten Group, Inc. and headquartered in Toronto, Rakuten Kobo’s millions of worldwide users can read anytime, anywhere, and on any device. With a mission to make reading lives better for all, Rakuten Kobo connects readers to stories using thoughtful and personalized curation of eBooks and audiobooks, and the best dedicated eReaders and apps for reading. With the singular focus of making reading lives the best they can be, Kobo’s open platform allows people to fit reading into more moments in their busy lives.

About StoryGraph
StoryGraph is a reading tracker and book recommendations app that helps you to choose your next read based on your mood and your favourite topics and themes. Founded in 2019, StoryGraph has grown into a global community of over 5 million readers who use the platform to log books, track progress, set reading goals, and find their next great read. With detailed stats, personalised recommendations, buddy reads, giveaways, and community challenges, StoryGraph offers a rich, ad-free experience for readers who want to understand their reading lives more deeply. Available on the web, iOS, and Android, StoryGraph was a recipient of a 2025 Apple App Store Award.

www.kobo.com/news/...kobo-and-storygraph-announce-integration

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Libuda:

Yen Time Deposit Summer Bonus Campaign

 
25.05.26 05:15
Rakuten Bank is launching today's limited-time "Yen Time Deposit Summer Bonus Campaign" from Friday, May 22, 2026, to Friday, July 31, 2026.

www.rakuten-bank.co.jp/press/2026/260522.html
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Libuda:

Real value is double

 
25.05.26 11:46
PE’s are only 11.59 and 10.00 by net income growth of 43.9%

Rakuten Bank, Ltd. (TYO:5838)
Currency is JPY
5,060.00
+213.00 (4.39%)
May 25, 2026, 2:23 PM JST
Market Cap
845.80B -16.9%
Revenue (ttm)
196.39B +28.0%
Net Income 73.07B +43.9%
       EPS§418.10 +43.8%
PE Ratio 11.59
Forward PE 10.00

stockanalysis.com/quote/tyo/5838/

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Libuda:

ORAN: Market Update 2026

 
25.05.26 13:28
09 Jan, 2026

The industry has laid the foundation for Open RAN. Now, attention turns to the market forces driving its rise. From multi-billion-dollar operator deals to government-backed innovation funds, Open RAN is no longer a niche experiment. By early 2026, Open RAN is shedding its image as a risky, experimental technology, evolving into a key pillar of global telecommunications strategy. Some predictions for the latter half the decade indicate a surge in commercial-scale deployments and increased financial investment, positioning Open RAN to capture a substantial share of the total Radio Access Network (RAN) market.

Market Growth and Financial Projections

The market is poised for significant expansion, driven by the need for network flexibility, cost efficiency, and vendor diversity. The global Open RAN market, valued at approximately $3.98 billion in 2025, and is estimated to reach $19.58 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of over 39%. Some analysts forecast annual operator investment to reach $11 billion in 2029, with a total investment nearing $40 billion over five years according to Juniper research. While Open RAN accounted for only about 5% of the total RAN market in 2025, that figure is expected to grow to as much as 28% by 2029 as states in a telecoms.com article.. North America and the Asia-Pacific region are expected to lead in investments and adoption.

www.firstpointgroup.com/resources/blog/open-ran-market-update/

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Libuda:

Strong Increase of Gross Profit, Lowered Cost

 
26.05.26 09:08
of Revenues and Steady Increase of Revenues

Rakuten Group Income Statement
Financials in millions JPY

Fiscal Year TTM FY 2025 FY 2024 FY 2023 FY 2022 FY 2021
Period Ending Mar 31, 2026 Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Revenue 2,577,454 2,496,575 2,279,233 2,071,315 1,927,878 1,681,757
Revenue Growth (YoY) 10.70% 9.54% 10.04% 7.44% 14.64% 15.54%
Cost of Revenue 2,089,486 2,399,167 2,303,806 2,234,959 2,254,118 1,966,419
Gross Profit 487,968 97,408 -24,573 -163,644 -326,240 -284,662

stockanalysis.com/quote/tyo/4755/

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Product Conference Explores Agentic AI Enterprise

 
26.05.26 22:39
Rakuten Product Conference 2026 Explores Agentic AI Enterprise

May 26, 2026

Rakuten India hosted Rakuten Product Conference 2026 where leaders discussed how enterprises are adopting and adapting to agentic AI. Tsubasa Shiraishi, Rakuten India CEO, opened the conference, followed by Anshumani Ruddra of Google, who spoke on the critical importance of team-wide AI proficiency, concluding with, "today is the best time to go all in on AI." VP of Engineering Sekhar MK also shared how Rakuten Ecosystem's unique flywheel is powering AI agents to improve the user experience in unique ways.

https://www.youtube.com/watch?v=8xZbmC6IMDo
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AI Scale the Next-Gen Wireless Network

 
27.05.26 11:30
What Is Distributed MIMO and How Does AI Scale the Next-Gen Wireless Network?

May 25, 2026

Massive MIMO promised a step change in spectral efficiency. In practice, deployments are delivering around 25 percent of what the theory projected. The gap is not a hardware problem – it is a computational one. A session moderated by Abe Nejad of The Network Media Group (NMG) brought together experts from Eridan, NVIDIA, NTIA, Northeastern University, and Rakuten Symphony to examine how Distributed MIMO, orchestrated by AI within an Open RAN framework, closes that gap and what it will take to make it commercially real.

Speakers:
Doug Kirkpatrick – CTO, Eridan
Soma Velayutham – GM, AI/5G/Telecoms, NVIDIA
Amanda Toman – Director, Wireless Innovation Fund, NTIA
Tommaso Melodia – Director, Institute for Intelligent Networked Systems, Northeastern University
Vihang Kamble – CTO, RAN BU, Rakuten Symphony

dMIMO vs. Massive MIMO: Dynamic Scalability Is the Difference

Traditional Massive MIMO is fixed by design: once a 64x64 array is installed, that is the system you have. Distributed MIMO breaks that constraint. Disaggregating and reaggregating antenna elements across multiple transmission and reception points (TRPs) enables the network to become dynamically configurable. For users at the cell edge, where interference from neighboring cells traditionally degrades signal quality, dMIMO allows signals from multiple TRPs to be constructively combined, delivering significantly higher throughput.

The trade-off is complexity: fronthaul latency, synchronization requirements, and the combinatorial challenge of managing antenna clustering, spectrum, and power allocation at scale are problems that classical approaches cannot solve. That is where AI enters.

AI Is Not Optional for dMIMO — It Is the Architecture

The panel was emphatic on this point: dMIMO at scale is an AI problem. Radio is not a parameterization exercise; it is organic, constantly moving, and must be continuously recomputed. A hierarchy of AI controllers, operating from near-real-time applications close to the base station up to higher-level coordinators managing virtual base station clusters, is what allows the system to learn how to best serve users given the resources available at any given moment. GPU-accelerated, software-defined platforms enable the iterative recomputation that static hardware architectures simply cannot support. With AI-native, programmable compute substrates, commercial viability is within reach.

Operational Realities: What the Early Trials Are Teaching Us

The challenges are systemic. Even slight fronthaul jitter can cause dMIMO gains to evaporate. Phase, timing, and frequency synchronization must all be achieved simultaneously. Some of the methods defined by 3GPP for doing so depend on UE feedback, introducing another variable that can undermine distributed gains in practice.

The gap between current distributed schemes and true coherent joint transmission remains real, and bridging it requires the entire ecosystem to move together: mature 3GPP standards, advanced UE modem implementations, operators willing to invest in ideal fronthaul infrastructure, and AI-native baseband software capable of dynamically optimizing the cooperating antenna set.

What Operators Need to Do Now to Prepare
The panel closed with a clear set of priorities for operators preparing for AI-orchestrated dMIMO at scale.

First, put the architectural foundations in place: hierarchical AI decision-making in the RAN does not exist today and needs to be designed in, not retrofitted.
Second, stop treating dMIMO and dynamic spectrum sharing as separate problems; they are intertwined.
Third, invest in physically accurate digital twins: this is where ideas get validated before deployment. Without that simulation layer, the pace of iteration will be too slow.
Finally, the regulatory environment must evolve. The dynamism that dMIMO and AI-native spectrum management promise cannot be realized under regulatory frameworks written for a static, hardware-defined world.

Key takeaways
dMIMO delivers what Massive MIMO promised. By transmitting from multiple distributed TRPs, dMIMO constructively combines signals at the cell edge,  addressing coverage and capacity challenges that fixed arrays cannot.
AI is not an add-on to dMIMO; it is the enabling layer. A hierarchy of AI controllers managing antenna clustering, spectrum, and power allocation is what makes distributed MIMO operable at commercial scale.
Fronthaul and synchronization remain the hard engineering problems. Even marginal jitter or synchronization gaps can negate dMIMO gains; solving these requires coordinated action across the full ecosystem.
Digital twins are the required proving ground. Physically accurate simulation environments allow operators and vendors to iterate and validate before committing to live network deployment.
dMIMO is the 6G baseline. The panel agreed: distributed coherent transmission will not be optional in 6G. The work done now on standards, hardware, and AI-native architectures is what makes that transition possible.

symphony.rakuten.com/blog/...le-the-next-gen-wireless-network

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Libuda:

Last posting as a video

 
27.05.26 18:20
What Is Distributed MIMO and How Does AI Scale the Next-Gen Wireless Network?

April 03, 2026  

AI-native applications are pushing wireless networks to their limits. In this MWC26 panel hosted by The Network Media Group (NMG), experts from Eridan, NVIDIA, NTIA, Northeastern University, and Rakuten Symphony explore how Distributed MIMO (dMIMO), orchestrated by AI within an Open RAN framework, delivers breakthrough spectral efficiency and provides the scalable foundation for the 6G era.

Key topics covered:
• What is Distributed MIMO and how it compares to traditional Massive MIMO
• AI-driven orchestration of dMIMO within Open RAN architectures
• Operational realities and technical milestones for dMIMO deployment
• Regulatory and spectrum considerations for distributed antenna systems
• How dMIMO serves as the capacity foundation for 6G networks

Speakers:
• Doug Kirkpatrick – CTO, Eridan
• Soma Velayutham – GM, AI/5G/Telecoms, NVIDIA
• Amanda Toman – Director, Wireless Innovation Fund, NTIA
• Tommaso Melodia – Director, Institute for Intelligent Networked Systems, Northeastern University
• Vihang Kamble – CTO, RAN BU, Rakuten Symphony

https://www.youtube.com/watch?v=6BEcIFwEO6Y
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Libuda:

Rakuten owning 16.5 million AST-shares

 
27.05.26 21:44
US space stocks rise on SpaceX IPO hype

finance.yahoo.com/video/...-stocks-rise-spacex-183731077.html
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Libuda:

AI is the engine of the modern network

 
27.05.26 22:30
The conversation at FutureNet World was loud and clear: AI is no longer a pilot project; it’s the engine of the modern network.

27.05.2026

Mina Nicola took the stage today to showcase how AI-Driven RAN Automation is delivering a smarter, more efficient future today.

He was joined by Telenor's Afnan Ahmed, A1 Telekom Austria Group's Thomas Hodi, Virgin Media O2's Sherit Sedkey and moderated by Appledore Research's Francis Haysom.

There three core pillars that were a focus of the discussion:

AI-Native Architecture: Moving beyond basic automation to a foundation where AI manages resources in real-time.

The Power of RIC: Using the RAN Intelligent Controller to unlock multi-vendor innovation and smarter performance.

Autonomous Operations: Proving that self-healing, Level 4 autonomous networks can—and do—operate at massive scale.

https://www.youtube.com/watch?v=y1j5wIvEhqI
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Libuda:

FamilyMart Joins SPU program

 
28.05.26 09:48
FamilyMart Joins SPU program as the First Non-Rakuten Group Company

May 27, 2026

FamilyMart is the first non-Rakuten Group company to join the Rakuten Ichiba's Super Points Up (SPU) program, expanding eligible services to 17 and the maximum SPU multiplier to 18.5x. At the press conference announcing the partnership, Mickey and Group CMO Naho Kono were joined by FamilyMart President Tatsuo Odani and FamilyMart CMO Hikaru Adachi. The leaders discussed the promise new value creation through increased cross-use between FamilyMart's network of approximately 16,000 stores nationwide and the Rakuten Ecosystem.

https://www.youtube.com/watch?v=Z3uR-PRX3Qw&t=13s

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Libuda:

Like Amazon after overbuilt capacity in 2021-22

 
28.05.26 16:18

Rakuten Q1 2026, Leverage Down & Rakuten Bank Restructuring

May 28, 2026

Rakuten reported its Q1 2026 results on May 14th and it was a good quarter. As I’ve said in the past, the Rakuten ecosystem is the most important thing to get about the story. You need to understand that every day that passes Rakuten is getting stronger. The company has 3 main divisions E-commerce which includes Rakuten Ichiba, then you have the Fintech which includes Rakuten Bank, Card, and Securities which should all come under one roof. The third division is mobile. Results were good on all fronts, revenue was up 14.4% to $4.05 billion, consolidated adjusted EBITDA was up 36.2% to $684.5 million, mostly due to an increase in the mobile and fintech sectors, but we will go into detail later. The story now for Rakuten is all about harvesting its past investment kinda like “Amazon” after they overbuilt capacity in 2021-2022.

boudreaucapital.substack.com/p/...-q1-2026-debt-leverage-down
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Libuda:

Earnings by 2030 to $2.5 billion with new strategy

 
28.05.26 18:40
We need to look at the recent proposal of restructuring. The main thing you need to know about this is that they plan to bring in Rakuten Bank (publicly listed) Rakuten Cards and Rakuten Securities (51%). Currently, the Rakuten Group owns 49.9% of Rakuten Bank, the current restructuring will see its stake go up to 72.35% but the voting rights will be capped at 49.95%. The good news is that Mizuho Bank will become a 10.52% shareholder because they will roll in their Card stake into the new structure, but they will retain their 49% stake in the securities business.

What would the pro forma numbers look like for the new Rakuten bank here below a photo of the combined earnings before any synergies. So ordinary profit should rise to $1.28 billion USD for the new Rakuten bank. This doesn’t include the synergies implied by the merger which are $207 million for the customer base expansion and $300 million for some better financing terms for Rakuten Card loans.

I think it is a good move since it is easier to understand the story now that most of the fintech is public versus being undervalued at Rakuten Group and also the synergy should be meaningful to the bottom lines. As you know, they expect to be able to double their earnings by 2030 to $2.5 billion with the new strategy and more cross-selling opportunities in their network.

boudreaucapital.substack.com/p/...-q1-2026-debt-leverage-down

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Libuda:

Debt & Cash Flow

 
28.05.26 22:15

This is the main point of the re-rating story leverage in the past was really high non-fintech debt to EBITDA in 2024 was 11.4x, and now it reached 5.7x in the first quarter. The target for the end of 2026 is 6.0 times and for 2027 it should be 5x time.

boudreaucapital.substack.com/p/...-q1-2026-debt-leverage-down
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Libuda:

Travel with your pet

 
29.05.26 05:54
Travel with your pet! Rakuten STAY where you can stay with your pet

akuten STAY, a safe and secure accommodation brand produced by Rakuten, offers
a spacious and relaxing space where you can relax comfortably, natural hot springs to relieve fatigue, foot baths, and a terrace where you can even have BBQs.

Additionally, pet-friendly facilities and amenities such as a dedicated guest room dog run are well equipped!

We welcome you to a unique and exciting lodging experience that everyone can enjoy together, whether you are a person or pet.

stay.rakuten.co.jp/features/pet/...ampaign=pet_10_percent_off
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Libuda:

Rakuten Viki, Dexter Pictures, Amuse Entertainment

 
29.05.26 22:47
New K-Drama Collaboration Dive Into You from Rakuten Viki, Dexter Pictures, and Amuse Entertainment to be Released Exclusively on Viki Globally

Rising Stars Kim Ji Yeon (The Haunted Palace) and Park Seo Ham (Our Universe) to Lead the Cast
SAN MATEO, Calif., May 27, 2026 /PRNewswire/ -- Rakuten Viki, the leading destination for Asian entertainment globally, announced today a new original K-drama, fantasy romcom Dive Into You, starring Kim Ji Yeon (The Haunted Palace, Twenty-Five Twenty-One, and member of K-pop girl group WJSN) and Park Seo Ham (Our Universe, The Murky Stream, Semantic Error). Dive Into You will arrive exclusively on Viki's streaming platform later this year in the Americas, Europe, Middle East, Oceania, India, and Southeast Asia.

Dive Into You is a collaboration between Korean production company Dexter Pictures, Amuse Entertainment, the Korean subsidiary of Japanese entertainment group 'Amuse', and US-based streaming platform Viki.

Viki serves as an investor and producer in the co-production from Dexter Pictures and Amuse Entertainment. The series is the first original IP Drama from Dexter Pictures.

Following a near-fatal accident, celebrity actress Yoon Ha Na (Kim Ji Yeon) is thrown back in time, only to find herself body-swapped with her twin brother. Driven by a desperate need to rewrite fate, she sets out to save her childhood friend, bodyguard, and first love, Jung Woo Jae (Park Seo Ham). Kim Ji Yeon will bring Yoon Ha Na to life. Starring opposite her is Park Seo Ham, taking on the role of her devoted bodyguard, Jung Woo Jae.

Viki is available to watch for free with advertisements or without advertisements on tiered subscription plans. Find Viki on all major platforms, including connected TVs, mobile, streaming and web devices.
Rakuten Viki is a leading global destination for Asian entertainment, attracting audiences worldwide with its extensive library of dramas, variety shows, movies, award shows, and exclusive Viki Originals. Reaching over 120 million registered users in 190+ countries and territories, Viki, along with its entertainment news site Soompi, offers its fans unparalleled access to popular and original content. As part of Rakuten Group, Inc., a global powerhouse in e-commerce and internet services, Viki continues to connect K-drama fans around the world.

www.prnewswire.com/news-releases/...i-globally-302782998.html
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Libuda:

Only paying $3 billion for the whole non fintech

 
30.05.26 06:18
What to expect for 2026

Rakuten is currently trading at a $10.2 billion valuation with shares down 25% since the start of the year mainly due to the capex guidance. There are a lot of positives coming up, operating leverage in the mobile division is starting to become apparent and should increase their profitability. In 2027, we will see Capex spend in the mobile division being down from the high of $1.2 billion because of the upcoming KDDI roaming agreement. The term is coming to a close in September 2026 so they decided to ramp up spending. We have approximately $2 billion coming from cash from operations before capex and interest expense. As mobile capex begins to wind down with increased subscriptions, we should see FCF turn positive in 2027-2028. The stock is currently trading at an operating cash flow yield of 20% relative to the market cap I think it's pretty cheap, and we should be able to have a 15% IRR in the upcoming years. The main thing that the market doesn’t like is the high debt level, but we are now almost de-risked. Plus we have a stake in Rakuten bank worth $3.73 billion and when the merger is done their 72% stake will be worth 7.2 billion pro-forma on today price. You're only paying $3 billion for the whole non fintech part pretty cheap with good growth potential.

boudreaucapital.substack.com/p/...-q1-2026-debt-leverage-down
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Libuda:

Rating: A- Outlook: Stable

 
30.05.26 08:27
Rakuten Group, Inc. Long-term Issuer

May 21, 2026

Rating: A-
Outlook: Stable

www.jcr.co.jp/download/...68b2aa02b87bc121e8bce/26d0215_f.pdf

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Libuda:

Tech Behind Rakuten Points

 
30.05.26 22:51
Tech Behind Rakuten Points: Incentive Platform Division

May 29, 2026

Rakuten's Technology Divisions support platforms vital to the Rakuten Group, including the Point Platform which sees 45 million monthly active users. The Incentive Platform Department manages the Point Platform efficiently and almost trouble-free thanks to its modern microservice architecture with a distributed database and infrastructure as code which has allowed for automated testing and deployment. The team also uses AI for front-end tool development, dramatically increasing speed of work from one or two months to just a few days.

https://www.youtube.com/watch?v=n6lWTLU4b3Q&t=18s
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Libuda:

Reorganization of FinTech Business

 
31.05.26 09:11
Rakuten’s Reorganization of its FinTech Business

Norbert Gehrke
26 May 2026

The reorganization of the Rakuten Group’s FinTech business represents a fundamental alignment designed to maximize the lifetime value of the "Rakuten Ecosystem." By consolidating banking, credit card, and securities operations under the single listed umbrella of Rakuten Bank, the Group is moving to aggressively reduce customer acquisition costs (CAC) and secure a differentiated competitive moat. This integration is essential for navigating Japan’s shifting macro environment, characterized by rising interest rates, a rapidly maturing cashless society, and the expansion of the NISA program, which has heightened consumer demand for sophisticated asset-formation tools.

Gap Analysis and Cross-Use Potential
As of March 2026, the potential for deepening the customer franchise remains high:
         •§Rakuten Bank: 18.07 Million Accounts
         •§Rakuten Card: 33.87 Million Cards Issued
         •§Rakuten Securities: 13.87 Million Accounts

Current metrics indicate that 36% of Bank users utilize Rakuten Securities (Money Bridge customers), while 25% of the base are triple-pillar users. There is a significant opportunity in the fact that only 20% of Card holders currently use Rakuten Bank as their primary direct debit account.

www.fintechobserver.com/...anization-of-its-fintech-business/
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Libuda:

From external debt to internal capital circulation

 
31.05.26 13:48
The reorganization’s primary value proposition lies in its shift from external debt to a model of internal capital circulation. Historically, Rakuten Card and Securities raised growth capital independently on the open market. By consolidating under Rakuten Bank, the group will replace external interest-bearing debt with intra-group borrowings sourced from the bank’s robust deposit base.

www.fintechobserver.com/...anization-of-its-fintech-business/

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Libuda:

Rakuten Bank extreme undervalued

 
03:41

Market Cap
811.94B -15.6%
Revenue (ttm)
196.39B +28.0%
Net Income 73.07B +43.9%
       EPS§418.10 +43.8%
Shares Out 174.50M
PE Ratio 11.13
Forward PE 9.57

stockanalysis.com/quote/tyo/5838/#fil
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