Rakuten Expansion Evident In Q2 Profits

Japan-based eCommerce giant Rakuten announced its second-quarter earnings report on June 20, revealing net income of $256 million, TechCrunch reported. This figure was up 18.9 percent from the same time last year.

The media outlet indicated that Rakuten's profit declined 4.8 percent during that time, and said that this was likely due to its recent eCommerce acquisitions.

To find out how Rakuten's overseas properties such as Buy.com and Play.com fared, click here to read more.

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