(CNBC) Shares of Japanese tech giant Rakuten jumped 20% on Monday, extending their gains after the company’s announcement that it plans to raise $2.2 billion in order to better compete with its U.S. rivals. Rakuten said on Friday it will sell an 8.3% stake to postal and banking giant Japan Post, which will be the biggest shareholder outside of the founding Mikitani family.
Shares of Japanese tech giant Rakuten jump 20% after stake sale to Walmart, Tencent
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