rakuten will team up with open a.i., the creator of chatgpt.ow, in the long-term fukuyama has a positive outlook on rakuten group as a conglomerate. >> translator: industries that constitute rakuten group's core businesses such as retail and finance will continue to move online, so the company will likely see stable growth in these areas. if it's mobile business can create a synergy with rakuten's other businesses, i see a lot of potential for the firm's corporate value. >> in the meantime we'll see what plans the firm announces at its earnings report next week. i'm yanaka marie, and that was this week's biz picks. >>> china's spring airlines has resumed direct flights between shanghai and ibaraki, japan. the service had been suspended for 3 1/2 years because of the pandemic. about 100 passengers disembarked on friday at ibaraki airport from the low cost carrier's first post-pandemic flight from shanghai. ibaraki prefecture officials welcomed and engaged with souvenir bags including local yogurts, snacks. the hub is about two hours from the tok

rakuten security says it'll begin a commission-free service on october 1st. the firms currently charge anywhere between about 40 cents and about $7 per order depending on the value of the transaction. this comes ahead of the expansion of a preferential tag system for individual investors. both companies believe it'll help them gain customers interested in building assets for the future, but they'll have to find other ways to remain profitable as they eliminate commissions. >>> japan has one of the fastest aging societies in the world. it's a situation that is creating challenges but also innovations. one researcher has used his expertise in 3-d printing for something that could bring benefits for the elderly. >> reporter: the professor is on the faculty of engineering at yamagata university. he's been working to develop a 3-d printer that can produce more realistic food items. first the food is analyzed in three dimensions to create a blueprint for a 3-d printer. for this pumpkin food item he's using a gel made of reconstituted pumpkin powder. the instruction

rishaad: that was the rakuten ceo. our next guest is tarun mehta from ather energy .tric scooters and where are you in the trajectory? >> the indian auto story -- there are 215 million two wheelers on the road. that is one of the largest sectors getting created out of almost thin air the last few years. in the last eight quarters, the sector has seen 50 or 60% year on year -- quarter on quarter growth. haslinda: how much of the market are you targeting? >> we are almost 70% of the premium scooter space in india. by 2030, india is the largest concentration practically in the world. almost 1000 engineers. we think we have a solid chance of becoming the market leader. rishaad: what about fundraising? where are you in the road to profitability? >> valuations in this market are hard to predict. 200 plus later this year. we expect to turn profitable in the next year, year and a half. electric scooters are the dominant marker -- market. we are exploiting them. the next two years we will certainly have a few electric bikes. rishaad: very quickly, ipo plans? >> about to go pub

the rakitin group -- rakuten group up by .5%. ♪ yvonne: markets this morning, we continue to see pressurehis morning, teetering at that 19,000 level, the dk coming back online and still seeing decent green here this morning. alibaba is the next one set to report later on today and we are looking for a return to growth when it comes to domestic e-commerce. and really reversing several quarters of weakness. whether that remains the case, obviously stocks have gained so much leading up to this earnings report, certainly big tech has the wind supporting them in some way, but is it really an inflection point? rishaad: you know, we are really looking forward to getting some of the parts as it were, as it spits off various parts for the company. a return to growth, you yvonne. we have had four consecutive declines, and we are talking about the commerce revenue that only grew about 5% in the first quarter. there are actually headwinds like is possible like this consumer slowdown possibly taking place, and consumer sentiment is down and might kibosh some of the optimism here. rishaad: -- yvonne: a

love a deal stack >> you get the coupon, the cash back if you shop through sites like coupons.com, rakutento go to this website called freecycle we did it. this is a site where people can post things that they have to give away for free you would be surprised we did a search based on our area there were free notebooks, free markers and crayons, things that people are -- they're brand-new and they want to give them away, which is wonderful the crazy coupon lady website recommends going to facebook marketplace as well as craigslist, doing the same thing. there's always a free section. see what they are. sometimes it's a backpack, but it's gently used if you are looking for clothing, you may want to wait until next month. you don't have to buy all the school supplies right now. wait until those sales will happen october is when you'll see the best deals on fall clothing and sports gear. buy that secondhand if you can, places like sideline swap. ebay or play it again sports >> almost 800 bucks. >> almost 900 bucks, basically >> that's a lot. >> vicky, thank you. >>> again, we have more back to