Rakuten wesentlich besser als Rocket
JPMorgan has initiated coverage on Rakuten Inc . (TYO:4755:JP) with an Overweight rating and a price target of JPY1,150.00, citing the company’s improving mobile segment and expanding ecosystem.
The Japanese e-commerce and digital services company has experienced share price weakness since December 2017 due to concerns about growing investment burdens in its mobile segment, according to JPMorgan. The firm notes that these losses are now diminishing, positioning Rakuten for improved financial performance.
From a financial perspective, JPMorgan believes Rakuten’s credit risk will remain limited as free cash flow improves.
https://www.investing.com/news/analyst-ratings/...growth-93CH-4128655
https://goodereader.com/blog/kobo-ereader-news/...-for-prime-day-2025
By Dhruv Sood
Global Digital Marketing Manager Rakuten Symphony
July 9, 2025
https://symphony.rakuten.com/blog/...shift-towards-intelligent-growth
Following on from May’s superb Optimism event, we caught up with Rakuten Advertising’s VP of AI Strategy and Operations to find out more about the platform’s AI upgrades.
July 10, 2025
Sol Wilkinson: You just launched Detect, Storefronts, and Prompt. In simple terms, what do they do for your clients?
Ben Cox: Detect gives brands the visibility they’ve long needed, identifying programme compliance issues, monitoring affiliate behaviour, and helping partnerships operate at their full potential.
Storefronts empowers creators and influencers to curate products in a way that drives authentic engagement and performance, and also helps streamline the customer experience and path to purchase.
Prompt, our newest reporting tool, applies our AI to simplify ad hoc report requests, surfacing actionable insights on performance, audiences, and trends to help marketers make faster, smarter decisions quickly and in plain language.
SW: What sets Rakuten Advertising’s AI apart from what other platforms are doing right now?
BC: What sets us apart is how deeply our AI is rooted in affiliate expertise. We’re not just applying generic models; we’ve built Affiliate Intelligence to reflect decades of network data, partner behaviours, and performance trends. This is all built on the data flywheel concept, where the continuous collection of insights from our network fuels new cycles of customer value and product iterations.
SW: Do you see AI becoming the core engine of affiliate marketing? How will that change the game for advertisers and affiliates?
BC: Absolutely, but it’s not just affiliate, AI is transforming the digital marketing landscape as a whole. What makes Rakuten unique is that we’ve made deliberate investments to be at the forefront of that change.
AI and large language models (LLMs) go beyond abstract potential — they provide the scalability and automation needed to unlock opportunities that were previously impractical, especially across large, complex networks of bespoke partnerships. With emerging capabilities like agentic reasoning, we're beginning to orchestrate proactive, context-aware decision-making support at scale, reshaping how affiliate programmes are managed and optimised.
We have the largest data science team in the industry dedicated specifically to affiliate marketing, and we've invested heavily in the infrastructure to operationalise AI across our platform. Our models are not generic — they’re purpose-built and trained on affiliate-specific, global use cases, giving Rakuten Advertising a significant uniqueness and leadership in the affiliate marketing industry.
At Rakuten, AI is foundational to our culture. It’s not just a layer of technology — it’s embedded in how we think, how we operate, and how we solve challenges for the affiliate ecosystem. We view AI as a driver of industry transformation, reshaping not only our internal processes but also the way our customers engage with our solutions.
With AI, we’re moving beyond traditional optimisation into real-time intelligence, enabling automated recommendations, proactive campaign management, and dynamic performance tuning at scale. This fundamentally changes how advertisers approach partnerships, measurement, and growth. We’re not simply responding to the AI era — we’re helping lead it.
https://hellopartner.com/2025/07/10/...gs-ben-cox-talks-new-ai-tools/
Rajalakshmy Rajeev
Project Specialist - Communications, Rakuten Symphony Deutschland
https://symphony.rakuten.com/blog/...ersation-with-andreas-kleanthous
Clear Street initiates coverage on AST Spacemobile stock with Buy rating
Published 07/10/2025
Clear Street initiated coverage on AST Spacemobile with a Buy rating and a $59.00 price target on Thursday. The stock, which has surged over 100% year-to-date, currently trades near $42.50, with analyst targets ranging from $30 to $64.
The research firm sees AST Spacemobile as a long-term mobile growth opportunity targeting approximately 5.6 billion global mobile users with patented satellite technology that eliminates the need for specialized ground equipment.
The firm highlighted key collaborations supporting AST Spacemobile’s growth potential, including partnerships with Verizon (NYSE:VZ), AT&T, Vodafone (NASDAQ:VOD), and Rakuten.
Rakuten Group Inc. has engaged banks for a yen bond issuance totaling about 150 billion yen (US$1 billion), according to Daiwa Securities Co., one of the underwriters.
The Japanese ecommerce firm aims to attract both retail and institutional investors.
Of the total offering, around 130 billion yen (US$888.1 million) will target retail buyers. The institutional portion will be issued as sustainability debt.
https://www.techinasia.com/news/...engages-banks-for-1b-yen-bond-deal
Rakuten’s yen bond offering represents a notable shift in its funding strategy following heavy reliance on the U.S. dollar market.
The company issued $3.8 billion in dollar bonds between January and April 2024 alone, highlighting its previous dependence on foreign currency financing.
This pivot to yen-denominated bonds may be aimed at reducing foreign exchange risk, especially significant for a company reporting 19 consecutive quarterly losses as mentioned in the news article.
The decision to target both retail and institutional investors with different bond structures demonstrates a sophisticated approach to capital raising, with the retail portion accounting for approximately 87% of the total offering.
By leveraging its strong consumer brand recognition in Japan, Rakuten can potentially secure better terms from retail investors than it might from institutional investors who would place greater emphasis on its speculative-grade rating.
https://www.techinasia.com/news/...engages-banks-for-1b-yen-bond-deal
Rakuten’s Mikitani wants to sell bonds to Japanese investors
Jan 17, 2025
Billionaire Hiroshi Mikitani said that his Rakuten Group is keen to sell more bonds to Japanese investors to help diversify funding that has been focused on overseas debt markets.
"Bond investors are very, very confident or building their confidence in our business,” Mikitani, 59, said in an interview, pointing out that the yields sought by investors when buying the e-commerce conglomerate’s debt had declined "significantly.”
Market pricing indicates that views on Rakuten are improving after years of losses and a stretched balance sheet. Successfully tapping the domestic bond market would add to this momentum, though many challenges remain.
Rakuten’s credit rating sits below the "A” level required by many investors in Japan, it is due to redeem ¥400 billion ($2.6 billion) in bonds in the first half of this year, and despite improvement, Rakuten still faces large losses in its mobile business.
Mikitani said nothing has been decided yet on the size and timing of any debt issuance in Japan. The company’s last domestic sale was in February 2023, to retail investors.
Still, the spread between the yield on Rakuten’s debt and Japanese government bonds has narrowed significantly, showing greater investor confidence. For Rakuten yen bonds due in December 2026, the spread contracted to about 180 basis points as of Thursday, down from around 490 basis points a year earlier, according to the data compiled by Bloomberg.
https://www.japantimes.co.jp/business/2025/01/17/...n-mikitani-bonds/
Operating model challenges often mirror telco org structures
Rakuten is not a telecom company. We are an internet company doing telecom. That means we understand philosophically how to build platforms, run our business on data and drive growth through digital enablement. The solutions are always the same:
Simplify, don’t complicate.
Build horizontal platforms across the total business.
Use data to drive operational efficiency and business advantage.
Having led operations initiatives within a major telco, I have seen firsthand the organizational structures that can surface.
In many cases, the teams that plan, build and operate the network are siloed from each other. Each department moves full speed ahead with its own systems, data and priorities. Sure, there are the recurring pushes for a centralized data strategy, but adhering long-term to these strategies can prove to be a challenge in itself.
There's often hesitation to hand over control, driven by concerns that centralized teams may not bring the same level of care and contextual understanding as the teams who serve as dedicated custodians of the data.
So, we get the fragmented data, conflicting goals and ultimately, limited visibility.
This may seem at odds with the desire to work from a unified platform and clean analytics. For the most part, there is agreement on this dichotomy. If it is not addressed, efforts to modernize and automate keep running into the same wall.
It is increasingly clear that modernization is no longer optional given legacy network inefficiency and aging workforces, necessitating faster transformation.
5G Standalone and slicing will only increase complexity, exposing telcos to growing risk if foundational issues remain unresolved.
Advancing past patchwork OSS approaches
It is not a secret that OSS management looks similar to even a decade ago.
All these various stacks were less detrimental when services were simpler and customers interacted with just one part of the network at a time.
Those days are gone.
Customer experiences now span multiple services and infrastructure layers as the “unified view” nirvana state remains elusive.
Horizontal, data-centric platforms are emerging as essential then to build the kind of observability, automation and AI intelligence that will take operators where they want.
It’s not about just layering AI on top of the old way of working, but building a different foundation entirely.
We have successfully implemented a foundation that can surface data from across domains and align to a single operational context. Because of this, the data can serve the needs of an AI tool while giving project managers, field ops and assurance teams that long-desired unified view.
https://www.linkedin.com/pulse/...ent-operations-begin-day-zero-hsede