TOKYO :Japanese e-commerce and fintech giant Rakuten Group Inc on Friday posted an operating loss of 76.2 billion yen ($564.24 million) for the first three months of 2023, dragged down by its money-losing mobile phone business.Rakuten posted a January-March loss of 102.7 billion yen for the mobile business -
TOKYO :Japanese e-commerce and fintech giant Rakuten Group Inc on Friday posted an operating loss of 76.2 billion yen for the first three months of 2023, dragged down by its money-losing mobile phone business.
Rakuten founder and CEO Hiroshi"Mickey" Mikitani originally outlined plans to becoming Japan's fourth major carrier, promising to create a low-cost nationwide mobile network by using cloud-based software and commoditised hardware.
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