Channel NewsAsia
AsiaPac · 32 mins ago
Seven & i agrees strategic partnership, $620 million investment with SoftBank, SMFG units
The logo of Seven & i Holdings Co. is pictured at the company headquarters in Tokyo, Japan March 6, 2025. REUTERS/Issei Kato 31 Jul 2026 04:03PM TOKYO, July 31 : Japan's Seven & i Holdings has formed a strategic partnership with SoftBank Corp, PayPay and Sumitomo Mitsui Card, which will each invest 100 billion yen ($620 million) into the 7-Eleven operator, a filing showed on Friday. Each of the three will acquire a 2.27 per cent stake in Seven & I, the filing showed. The firms aim to integrate their customer information and create a loyalty points ecosystem across Seven & i's physical stores and the other firms' online and financial customer bases, the filing said. ($1 = 160.3900 yen) Source: Reuters
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