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Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 766.8 JPY | +1.28% |
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-5.31% | +22.10% |
| Apr. 15 | Rakuten Group to Issue Share Purchase Rights to Directors, Officers, Staff | MT |
| Apr. 11 | Rakuten Group Issues 50 Billion Yen Worth of Senior Notes Due 2029 | MT |
Japan's Fair Trade Commission said on Friday it has recommended e-commerce firm Rakuten Inc be ordered to halt the introduction of free shipping, following complaints from vendors over the plans.
Rakuten was planning to introduce free shipping on purchases at its online mall on orders over 3,980 yen ($36) from Mar. 18. Vendors have complained they are being forced to shoulder the shipping costs, undercutting margins.
The commission's recommendation is a blow to Rakuten CEO Hiroshi Mikitani's plans to take on rivals like Amazon. Rakuten was raided by the regulator earlier this month.
Rakuten was not immediately available to comment.
(Reporting by Sam Nussey; Editing by Shri Navaratnam)
| 1st Jan change | Capi. | |
|---|---|---|
| +22.10% | 10.49B | |
| -3.72% | 176B | |
| -12.82% | 170B | |
| -7.24% | 95.3B | |
| +38.71% | 85.96B | |
| -12.82% | 70.72B | |
| +12.10% | 52.22B | |
| +17.33% | 26.55B | |
| -10.98% | 8.56B | |
| -15.39% | 5.64B |
RAKUTEN GROUP, INC. 
