Rakuten to Integrate Fintech Companies to Strengthen Collaboration After Mobile Losses
• Rakuten Group plans to integrate fintech businesses into one group to strengthen collaboration and customer acquisition
• The reorganization will take effect in October
• Rakuten Bank will continue to be listed on the Tokyo exchange after integration
• Rakuten has sold assets and issued equity and debt to generate cash after losses from its mobile carrier
• Rakuten may drop plans to list Rakuten Securities following the reorganization