A customer placing his order at Rakuten Shopping Online.
Rakuten Inc surged the most in more than a decade after the Japanese e-commerce operator announced plans to buy back as much as 100bil yen (RM3.92bil) of stock at a significant discount to a share issue just 20 months ago.
Shares climbed 11% to 1,149 yen (RM45.14) in early Tokyo trade, headed for the biggest gain since 2004. Before today, the stock had fallen 46% since the 2015 issue. The Tokyo-based company will buy as many as 120 million shares.
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