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

Digital Assets

Coinbase launches perpetual futures trading for Dogwifhat memecoin

Coinbase International Exchange (CIE) will introduce perpetual futures trading for Solana-based memecoin dogwifhat ($WIF), starting April 25. These open-ended futures contracts can be traded using the USDC stablecoin.

Digital Assets

Kraken acquires TradeStation’s cryptocurrency business

Kraken, the second-largest U.S.-based cryptocurrency exchange, has acquired the cryptocurrency arm of online brokerage TradeStation.

Retail FX

The Funded Trader is back? Traders report account closures

Prop trading firm The Funded Trader has updated its website with a few banners, nearly three weeks after it ceased all operations, with claims for a relaunch in the near future. However, there was no official statement on the relaunch on its website, Discord channel, or social media accounts yet.

Executive Moves

NAGA lures former Tickmill compliance exec Loukia Matsia

NAGA Group, a provider of brokerage services, cryptocurrency platform NAGAX and neo-banking app NAGA Pay, appointed Loukia Matsia as their new Head of Compliance and Anti-Money Laundering (AML).

blockdag

Explore 2024’s Top Cryptocurrencies: BlockDAG Leads With 30,000x ROI Potential, Among Surge Predictions For Bitcoin And Ethereum

Navigating the vast ocean of cryptocurrencies might feel overwhelming for many investors, whether seasoned or newbies.

Tech and Fundamental, Technical Analysis

EURUSD Technical Analysis Report 18 April, 2024

EURUSD currency pair can be expected to fall further toward the next support level 1.0600 (which reversed the price earlier this month).

Digital Assets

Binance ordered to remove Changpeng Zhao to get Dubai license

Binance, the world’s largest cryptocurrency exchange, has obtained a Virtual Asset Service Provider (VASP) license in Dubai.

Crypto Insider

Evolution and current state of global crypto adoption

Every four years, the crypto world gets hyped for the Bitcoin halving. Past halvings, like the one of May 2020, saw a massive increase in BTC transactions, which was driven by growing adoption and community involvement.

Digital Assets

Binance set to re-enter India with $2 million fine settlement

Binance, the world’s largest cryptocurrency exchange, is preparing to re-enter the Indian market after agreeing to pay a $2 million fine, according to a report by the Economic Times.

<