Rakuten Inc., Japan’s biggest Internet shopping mall operator, said Thursday that its group pretax profit surged 97.9 percent in the year to Dec. 31 from the previous year to a record 4.44 billion yen on an increase in tenants at its mall.

Rakuten said its group sales gained 82.8 percent to a record 18.08 billion yen.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.