Rakuten sets up new development center in Dalian, China

Maria Nikolova

The new center will focus on the development of tools and services to deliver on Rakuten’s global vision of leveraging AI and Big Data technology to enhance Rakuten’s e-commerce, fintech and digital content services.

Tokyo-based online services provider Rakuten Inc (TYO:4755) is further expanding into China. The company has earlier today announced the opening of a new global Development Center in Dalian, China. 

This is not the first development center for Rakuten in China. Rakuten established its first Chinese development center, Rakuten China Development Center Co., Ltd., in Beijing during 2010 and expanded to a second office in Shanghai in 2015. Other Rakuten development centers include Tokyo, San Mateo, Singapore, Paris, Boston, Belfast, Montpellier, Bengaluru and Shanghai.

The new office in Dalian will collaborate with more than 3,000 engineers, researchers and technical teams in Rakuten from around the world, focusing on the development of tools and services to deliver on Rakuten’s global vision of leveraging AI and Big Data technology to enhance Rakuten’s e-commerce, fintech and digital content services.

Let’s recall that, in December 2018, Rakuten said it had opened a new office of its dedicated research and development organization, Rakuten Institute of Technology, at its operations center in Bengaluru, India. Rakuten Institute of Technology Bengaluru is the first research center for the institute in India.

Rakuten’s passion for the development and adoption of new technology solutions has been shown numerous times. In January this year, for instance, Rakuten reiterated its fintech commitment via the launch of a new Accelerator Program. The theme for this edition of the program is “Future of Communication, Digital Commerce and Data Marketing”. It aims to offer innovative startup companies from around the world a chance to accelerate their innovation and explore global business opportunities.

Read this next

Retail FX, Uncategorized

Robinhood CEO eyes billion-dollar revenue as crypto volumes surge

Robinhood has observed a 75% MoM rise in cryptocurrency trading volumes in November, marking a reversal from its previous trend. According to an SEC filing on December 4, this boost contrasts with flat trading volumes in equity and options contracts during the same period.

Digital Assets

Bloomberg, Hashdex expect SEC’s imminent approval of Bitcoin ETFs

Hashdex, an asset manager among the 13 contenders for launching a spot Bitcoin exchange-traded fund (ETF) in the United States, anticipates the debut of the first spot Bitcoin ETF by the second quarter of 2024, with a spot Ether ETF expected to follow.

Industry News

Witness the intensifying competition as UF AWARDS MEA 2024 nominations persist!

The countdown is on, with less than two weeks remaining to nominate outstanding brands for this prestigious event, culminating in the highly anticipated ceremony during iFX EXPO Dubai 2024 in January.

Retail FX

Saxo Bank’s FX volumes rise despite overall lackluster turnover

As many currency markets saw a relatively active period in November, Copenhagen-based Saxo Bank reported its monthly metrics, which showed a moderate rebound month-over-month.

Market News

S&P 500 Rally Faces Abrupt Halt: Analysts Assess Market Signals

The S&P 500, a benchmark index tracking the stock performance of 500 of the largest US companies, has ignited a flurry of discussions among financial analysts due to its recent performance.


TraderEvolution at FMLS:23: Andrew Saks on how brokers can go multi-asset

In an insightful interview with FinanceFeeds, Andrew Saks of TraderEvolution Global discussed the industry’s evolution towards multi-asset trading. He highlighted challenges in integrating diverse asset classes and the importance of API connectivity. Andrew also touched on emerging trends in options, futures, and fixed income, underscoring the need for adaptable trading technology in today’s dynamic market.

Market News

Powell’s Pivot Navigating the Dynamics of USD, Interest Rates, and Market Expectations

Federal Reserve Chair Powell has signalled a decisive end to the cycle of interest rate hikes for the USD.

Market News

Inflation Concerns, Policy Divergence, and Market Sentiments in the UK

Amidst the recent global revaluation of inflation, Megan Greene, a steadfast MPC member, advocates for a proactive stance. Addressing concerns in Leeds, she calls for an upward adjustment of the Bank of England’s policy rate, cautioning against the potential risks of a too-conservative approach. Greene questions the assumed restrictiveness in the current monetary stance, suggesting it might be less robust than perceived, especially in scenarios of persistent inflation.

Digital Assets

JPMorgan’s stablecoin ventures into interbank transactions

JPMorgan Chase & Co.’s proprietary digital token, JPM Coin, is set to expand its use case by facilitating interbank transactions on Partior, a blockchain ledger developed in collaboration with DBS Bank, Temasek, and Standard Chartered.