Rakuten wesentlich besser als Rocket
Nu Holdings Ltd. (NU)
NYSE - Nasdaq Real Time Price. Currency in USD
9.68-0.30 (-3.01%)
As of 02:55PM EST. Market open.
Day's Range 9.50 - 10.22
52 Week Range 8.75 - 12.24
Volume 6,874,107
Avg. Volume 16,845,129
Market Cap 44.612B
https://finance.yahoo.com/quote/NU?p=NU&.tsrc=fin-srch
Rakuten Symphony, the Open RAN networking product, solution and services unit of Rakuten Mobile, is now its own operating entity, albeit still 100% owned by Rakuten. The Japanese firm is keen to set Symphony free so it can make the most of its global opportunities to be a systems integrator and vendor to operators, enterprises and governments, as Rakuten announced in October.
https://www.telecomtv.com/content/...y-uk-national-security-act-43278
Source: The Economist
Networks based on open standards can cut costs, improve security and boost competition, says the CEO of Rakuten Symphony
12/17/2021 10:53:00 PM
There’s a new technology that will “sweep across the world in 2022”, says Tareq Amin. He explains what OpenRAN is, how it works, and why it’s important Networks based on open standards can cut costs, improve security and boost competition, says the CEO of Rakuten Symphony
MOBILE-TELECOMS revolution is under way—one reminiscent of the way personal computers replaced mainframes in the 1980s, and cloud-based apps are replacing traditional software today. OpenRAN, a new way of building mobile networks, will transform the telecoms industry by cutting costs, improving security and boosting competition. This new technology will sweep across the world in 2022.
This approach has many advantages over the traditional, proprietary way of doing things. The first is lower costs: in our experience, a reduction of 30-40% in capital expenditure and operating costs for 4G networks, and as much as 50% for 5G networks. In Japan, known for its costly mobile-network charges, this has enabled us to cut the average monthly bill by 60%. More than 4 million customers have signed up in the past year, despite the pandemic, which hampered the operation of many of our bricks-and-mortar stores.
OpenRAN provides a way to depoliticise the roll-out of 5GOpenRANnetworks cost less to run because many of the proprietary infrastructure components are replaced by software, at a fraction of the price. Network operators no longer need large teams of engineers to deploy and maintain their base stations. In our network, new sites are brought on air automatically and updates are carried out remotely via software.
Second, OpenRAN networks are safer and more secure than proprietary technology. Their open architecture lets operators decide what they put in their networks. No single vendor controls the system. We know exactly what is going into our network—and, for the record, we use no Chinese equipment. The open architecture makes it easy to respond to any problems by switching out software or hardware. Our network has no black boxes.
Little wonder, then, that OpenRAN faces opposition from entrenched incumbents. Some claim that our new technology consumes more energy than traditional systems, for example. In fact the opposite is true. Because it is software-based, an Open RAN network can be flexibly scaled to meet demand, optimising energy consumption. When demand is high, it scales up to handle it, and when demand is low at night, it scales down. And as data centres become steadily more energy-efficient, so does the network. Sceptics also suggest that Open RANnetworks do not work in cities. But our network serves subscribers in some of the largest and densest cities in the world: Tokyo, Nagoya and Osaka. In early 2022 we aim to cover 96% of Japan’s population with 4G. Independent research found that our network in Tokyo outperformed comparable networks in Berlin, London and Rome.
Our network relies on equipment from a range of suppliers, including radio-access technology from Nokia, routers and switches from Cisco and other hardware. The software was provided by Altiostar (recently acquired by Rakuten) and Robin.io. Rakuten has established a new division, called Symphony, to bring together these parts and share our expertise with network operators in other countries. By the end of 2022, we hope more telecoms firms around the world will be singing along to Open RAN.
https://headtopics.com/us/...-open-future-of-mobile-telecoms-22886836
LONDON — German digital bank N26 said on Tuesday it has raised $900 million in a new funding round that values the firm at $9 billion.
N26 now has 7 million customers across Europe and the U.S. and is on track to process $90 billion in transactions this year.
N26 is still loss-making, racking up losses of 216.9 million euros in 2019. Its European business lost 110 million euros in 2020, down from 165 million a year earlier. Tayenthal said N26 isn’t under pressure from investors to make a profit anytime soon.
https://www.cnbc.com/2021/10/18/...w-worth-more-than-commerzbank.html
LONDON — British fintech firm Revolut said Thursday it has raised $800 million in a new funding round led by SoftBank and Tiger Global.
Revolut, which offers banking and trading services through an app, is now valued at $33 billion, a sixfold increase on the $5.5 billion the company was worth last year.
Revolut reported annual losses of £167.8 million ($231.9 million) in 2020, higher than the £106.7 million the company lost in the previous year. The fintech made £222.1 million in revenue last year. That means Revolut’s new market value is more than 100 times its 2020 sales.
Revolut managed to break even toward the latter half of 2020 and was “strongly profitable” in the first quarter of this year, Salovaara said.
Founded in 2015, Revolut quickly grew in popularity in Europe by offering fee-free currency exchange and a linked payment card. It now has more than 16 million users globally.
https://www.cnbc.com/2021/07/15/...-billion-in-new-funding-round.html
Revolut confirms a fresh $800M in funding at a $33B valuation to supercharge its financial services super app
Ingrid Lunden@ingridlunden / 10:45 AM GMT+2•July 15, 2021
As a further point of reference, when Revolut reported financial figures for 2020 last month, it noted that it made $361 million in revenue (£261 million) in the fiscal year, a 57% increase versus 2019 revenue of $229 million (£166 million). Gross profit in the period was $170 million (£123 million) last year, although it still operates at a net loss, with Q1 2020 racking up an adjusted operating loss of $76 million (£55 million), with $277 million (£200.6 million) in operating losses for the whole of the year. In other words, the big money being placed down now, and this big valuation, are long-term bets.
Revolut now has more than 16 million customers and sees over 150 million transactions/month, and the plan will be to bring on a wider range of services and promotions both to grow that base and to get its users putting more money and time into the app.
https://techcrunch.com/2021/07/15/...its-financial-services-superapp/
Rakuten Medical, Inc. is a global biotechnology company developing and commercializing precision, cell-targeting investigational therapies on its IlluminoxTM platform, which, in pre-clinical studies have been shown to induce rapid and selective cell killing and tumor necrosis. Outside of Japan, Illuminox therapies have not yet been approved as safe or effective by any regulatory authority. The company's first drug developed on the Illuminox platform, ASP-1929, has received approval from the Japanese Ministry of Health, Labour, and Welfare, and is currently the subject of a global phase 3 clinical trial for recurrent head and neck cancer. Rakuten Medical is committed to its mission to conquer cancer and aims to realize a society where cancer patients can lead fulfilling lives. The company has 6 locations in 5 countries, including the United States, where it is headquartered, Japan, the Netherlands, Taiwan, and Switzerland.
https://www.finanzen.net/nachricht/aktien/...nuary-10th-2022-10899182
Written by Nick Wood 1 day ago
This is not the sort of spin-off that will culminate in a sale. Symphony only has a nominal number of shares – 2,000 to be precise – and they are all owned by Rakuten. Rather, this sends a clearer signal to the market about what Rakuten’s OpenRAN plan is all about, and tells customers they are definitely dealing with a vendor, not an operator that’s moonlighting as one.
It also reinforces the idea that Rakuten has sufficient faith in OpenRAN technology that it is willing to ramp up its effort to spur global adoption (and monetise it, of course). The newly-spun-off unit is led by Rakuten’s chief technology officer Tareq Amin.
The Symphony brand was unveiled last August alongside a big customer win for Rakuten in the form of German mobile newcomer 1&1.
The report cited Analysys Mason, which predicts global OpenRAN supplier revenues could reach €36.1 billion by 2026.
It’s a positive for OpenRAN as a whole, but European vendors may end up feeling bittersweet about Symphony’s success.
Read more at:
https://telecoms.com/512798/...akuten-orchestrates-symphony-spin-off/
By Harry Baldock, Total Telecom
Thursday 06 January 22
Ever since the launch of Rakuten Mobile in 2018, Japan’s most disruptive mobile operator has aspired to sell its network solutions to a global audience
Following initial successes of its RCP model, Rakuten took the decision in August last year to create Symphony, a new business unit that combines all Rakuten’s telco products, services, and solutions, spanning both 4G and 5G.
At the time of the announcement, Rakuten revealed the first major partnership for Symphony, partnering with Germany’s new entrant to the mobile market, 1&1 Drillisch. The deal included Rakuten’s full RCP suit, covering everything from the RAN, core, cloud, and operations.
In the last couple of years, Open RAN has been a growing presence on operators’ radars around the world. Posited as a potential solution to reliance on certain ‘high risk’ vendors back in early 2020, the discussions around the technology have evolved enormously, ranging from national technological sovereignty to reduced cost and heightened security.
Report by Analysys Mason suggested that the Open RAN ecosystem could grow as large as €36.1 billion by 2026.
Earlier this week, Saudi Arabian operator STC said that it had become one of the first operators in the region to deploy carrier aggregation-capable O-RAN mobile infrastructure successfully, doing so in partnership with Rakuten Symphony and Cisco.
Read more at:
https://www.totaltele.com/512086/...-better-promote-Open-RAN-globally
By Sean Kinne
https://f.hubspotusercontent40.net/hubfs/8928696/...rt%2520Update.pdf
The lead investors in the Series C are Rakuten Capital, Seaya Ventures and Cathay Innovation, which had also invested in its Series B.
Commenting on the Series C, Oskar Mielczarek de la Miel, a managing partner at Rakuten Capital, told us: “Delivery is becoming increasingly global in reach. At Rakuten Capital, we are very excited about outstanding companies like Glovo, which continue to strike a mark by operating with utmost efficiency and filling an obvious gap in demand in Southern Europe, LatAm and beyond.
https://techcrunch.com/2018/07/18/...its-on-demand-delivery-business/
October 4, 2017
Glovo closes 30M€ Series B funding round with investment from Rakuten and Cathay Innovation
https://www.cathaycapital.com/...-from-rakuten-and-cathay-innovation/
Delivering sustained solid growth, with Mobile and Fintech business synergies also contributing to new milestone
January 4, 2022
Rakuten Group, Inc. today announced that its annual gross merchandise sales (GMS)*1 for domestic e-commerce surpassed five trillion yen in 2021.
Rakuten Ichiba’s GMS for its first month in business after launch in 1997 was a modest 320,000 yen. Since then, e-commerce has grown to become an integral part of society’s infrastructure. In an era in which society is undergoing dramatic change, Rakuten was only able to achieve this five trillion yen milestone thanks to the support of all its stakeholders — from the merchants and partners that have walked together with Rakuten over the years, to all of the customers using Rakuten’s services. Even one year after the significant growth recorded in 2020 with the pandemic-driven increase in stay-at-home demand, Rakuten continued to deliver strong growth in 2021.
This increase in domestic e-commerce GMS highlights the remarkable impact of the growing Rakuten Ecosystem, as it expands through synergies with mobile carrier service Rakuten Mobile and rapidly growing Fintech business services. For this reason, Rakuten is now aiming for its next goal of achieving 10 trillion yen in annual domestic e-commerce GMS.
In line with a corporate mission of contributing to society by creating value through innovation and entrepreneurship, Rakuten will continue to work to address society’s needs by striving to offer even better services to customers, not only in Japan but around the world, through distinctive technology offerings and business models.
*1 Domestic e-commerce GMS is the combined transaction amount for Rakuten Ichiba, Rakuten Travel (GTV on checkout basis), Rakuten Books, golf business, Rakuten Ticket, Rakuten Fashion, Rakuten Dream businesses, Rakuten Beauty, Rakuten Delivery, Rakuten 24 (first-party business), auto business, Rakuma, Rakuten Rebates, Rakuten Seiyu Netsuper, etc. between January and December 2021. (Based on preliminary figures.)
https://global.rakuten.com/corp/news/press/2022/0104_03.html
https://global.rakuten.com/corp/investors/financial/indicators.html
Wednesday 5 January 2022 | 14:15 CET | News
Saudi operator STC said that in collaboration with Solutions by STC, Rakuten Symphony and Cisco, it has become one of the first operators in the MENA region to deploy a carrier aggregation-capable O-RAN mobile infrastructure successfully. STC said the deployment was made on a truly open stack with different radio suppliers, showing the potential of O-RAN technology to transform Radio Access Networks towards an open and fully interoperable RAN.
https://www.telecompaper.com/news/...-rakuten-symphony-cisco--1409661
Wednesday, 5th January, 2022
stc the leading digital enabler, announces that in collaboration with Solutions by stc, Rakuten Symphony and Cisco became one of the first operators in MENA region to successfully deploy a Carrier Aggregation capable O-RAN Mobile Infrastructure.
Development and deployment of new emerging technologies in cloud-native RAN technology is in alignment with stc’s strategic drive to deliver the foundation for a strong digital future, while augmenting the Digital Transformation Strategy of the Kingdom of Saudi Arabia.
With the global race to adopt O-RAN for broader network deployment, stc’s latest success demonstrates its direction and leadership in the development of O-RAN with maturity to fulfill variety of capabilities required by our customers.
https://www.samenacouncil.org/samena_daily_news?news=88026
Open RAN is the way of the future. It’s complicated, no doubt, but the flexibility, cost-effectiveness and performance it will provide will enable us to do far more with technology in the future than we’ve yet dreamed of.
https://www.forbes.com/sites/windriver/2021/10/01/...?sh=76d18c8b7707
A non-consensus long idea at the intersection of value and tech
Value Punks
Dec 8, 2021
Summary
• Rakuten is Japan’s leading e-commerce and online consumer services company. Despite its dominant and growing core business, shares have underperformed and trades at a substantial discount.
• We believe this is caused by the substantial investments associated with the company’s entry into the telecom business, which investors regard as being capital destructive. But in our view, the pessimism here is overdone.
• We outline the business case for the telecom business and the potential for narrative change, driven by improving economics together with its strategic benefits and growth optionality becoming more apparent over time.
• Rakuten is a “value” play, but with the unique opportunity that the core of the company is a growing consumer tech asset with a long growth runway.
• Our 3-year target price is 2,200 yen for a 24% IRR (range: 7-38%).
• If you are interested in a non-consensus long idea which lies at the intersection of value and tech, read on to learn more!
Read more at:
https://valuepunks.substack.com/p/deep-dive-rakuten-4755-tyo-rkuny
https://valuepunks.substack.com/p/deep-dive-rakuten-4755-tyo-rkuny
“This is as industry-shaping as the cloud environment was 20 years ago when we first laid the architectural seeds for it. I don’t think there is anything that can understate the significance of what Rakuten has done here…how can you replicate what Rakuten has done around the world? Because this is the way every network will be built in the future.”
So what does all of this accomplish from a financial point of view?
1. 40% reduction in network capex. For a traditional telco network, the cost mix is roughly 30% software, 45% hardware, and 25% deployment. For Rakuten’s network, the cost of software remains at 30%, but hardware cost can be reduced by 60%, and deployment by 50%, resulting in overall 40% savings.
2. 30% reduction in opex. This comes from reduced power consumption, reduced maintenance/site visits, and reduced site lease fees, all due to the lower hardware footprint. Traditional networks require one engineer per 1,000 subscribers, while Rakuten’s network only requires one engineer per 20,000 subs."
https://valuepunks.substack.com/p/deep-dive-rakuten-4755-tyo-rkuny
The bottom line is—we’re an online shipping company that’s been around for a long time, and we're good at what we do.
Rakuten Super Logistics has the expertise, resources, and relationships in place for a successful supply chain solution. We provide the best order fulfillment services.
As a leading ecommerce order fulfillment company, we provide the flexibility, scalability, and cost savings that today’s businesses demand, including:
•§99.9% order accuracy guarantee
•§100% order turnaround by next business day
•§99% our 2-Day Delivery Network
Our nationwide network of ecommerce fulfillment centers provide the optimal locations for your product port entry, as well as the optimal shipping network to deliver to your end.
Reach 98% of the United States within 2 days via ground shipping, by utilizing strategic fulfillment center locations in our 2-Day Delivery Network
Our team can provide a shipping analysis to see how you may be able to take advantage of faster delivery times and lower shipping costs by shipping from multiple fulfillment centers in our network.
https://www.rakutensl.com/services/order-fulfillment
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