Walmart, Tencent and Japan Post to invest $2.2bn in Rakuten.

Walmart, Tencent and Japan Post, a post, logistics and courier headquartered in Tokyo, agreed to invest $2.2bn in Rakuten, a Japanese e-commerce giant. “Rakuten has built a vibrant ecosystem through its membership and loyalty program, extending its unrivalled strength from e-commerce to FinTech and digital content. Tencent shares Rakuten’s aspiration of creating value through innovation and empowerment for users and partners. We are excited to invest in Rakuten, supporting its evolution into a global innovation leader. We look forward to pursuing strategic cooperation across activities including digital entertainment and e-commerce, creating value for users and building the Internet ecosystem together,” Martin Lau, Tencent Executive Director and President.