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Rakuten completes partial transfer of B2B unit to Japan's SynaBiz

Rakuten Inc. said May 11 that it has completed the sale of part of its business-to-business unit Rakuten B2B to SynaBiz Co. Ltd.

The Japanese e-commerce and tech company announced the ¥3 million transaction in December 2017.

SynaBiz is a unit of Japanese online auction search site operator Aucfan Co. Ltd.

As of May 10, US$1 was equivalent to 109.58 Japanese yen.