Japanese e-commerce giant Rakuten’s Chairman and CEO Hiroshi Mikitani on Friday vowed to continue it

Rakuten’s net loss of 114.20 billion yen ($1.1 billion) for the year ended December widened from the previous year’s 31.9 billion yen loss and was bigger than analysts’ forecast of 94.5 billion yen, according to S&P Capital IQ. Revenue grew 15% from the year before to a record 1.46 trillion yen, thanks to strong growth in its e-commerce and financial services units, which span credit cards and banking.

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