Sponsored Ad | Nikkei Forum Medini Johor - Leaderboard

Japan's Rakuten Q1 profit jumps fourfold after $1b gain from Lyft IPO

Japan's Rakuten Q1 profit jumps fourfold after $1b gain from Lyft IPO

Confetti falls as John Zimmer, co-founder and president of Lyft, center left, and Logan Green, co-founder and CEO of Lyft, center right, ring the opening bell during the company's IPO at Lyft's new service center in Los Angeles on March 29, 2019. Photographer: Kyle Grillot/Bloomberg

Sam Nussey

10 May, 2019

Japanese e-commerce firm Rakuten Inc‘s first-quarter operating profit jumped fourfold as it booked a $1 billion gain on its stake in U.S. ride-hailing company Lyft Inc.

CareemLyft IncPinterest IncRakuten Inc

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter

Read more from Rest of Asia

Nikkei Logo
DealStreetAsia Logo
About Us
Team
Advertise
Contact
Careers
Blog
Privacy Policy
Terms & Conditions
© Copyright DEALSTREETASIA 2014-2025 All rights reserved.