Tycoon earning money on lucrative investment project, sandglass measuring time

REUTERS reports:

 Rakuten Inc’s shares jumped as much as 24% on Monday after the Japanese e-commerce firm said it would raise $2.2 billion through a stake sale to companies including Japan Post and Tencent as it takes on Amazon.

Rakuten shares were trading up 18% at 1,471 yen at 02:28 GMT ? the biggest rise in 17 years ? after earlier hitting a daily limit high of 1,545 yen. That brings Rakuten’s share gain from Friday to almost ...

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