Rakuten, Japan Post in capital tie-up

Japanese e-commerce giant Rakuten Inc. Chairman and CEO Hiroshi Mikitani (L) and Japan Post Holdings Co. President and CEO Hiroya Masuda fist bump through a transparent acrylic board at a press conference in Tokyo on March 12, 2021, amid the novel coronavirus pandemic. The two companies said the same day Rakuten will sell an 8.32 percent stake to Japan Post for about 150 billion yen ($1.38 billion).

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