Japanese e-commerce company Rakuten Group Inc. reported a wider loss in the first half of the year due to higher operating expenses and other costs, with a net loss of 124.44 billion yen. However, revenue increased by 10 percent to 1.16 trillion yen. The pre-tax loss for the period was 66.25 billion yen, compared to 43.31 billion yen in the prior year. Comprehensive loss for the half-year period was 95.53 billion yen, a significant decrease from the comprehensive income of 42.42 billion yen in the same period last year.

Read more at Nasdaq MarketSite: Rakuten Group H1 Loss Widens; Revenue Up 10%