Even before the evening of August 21, Hiroshi Mikitani, the founder of Japan’s biggest ecommerce company, was having a tough summer.
Rakuten’s recently launched mobile business was bleeding cash, shareholders were questioning his investment acumen and the market was sending ominous signals about the planned listing of the company’s online bank.
But five seconds of video, taken at an undated party and posted on social media on August 21, have plunged Mikitani into a new dimension of potential trouble.
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