Softbank

SoftBank is a Japanese telecommunications and Internet company with operations spanning broadband, fixed-line telecommunications, e-commerce, the Internet, finance, media and marketing, and other businesses. In October 2012, Softbank said it would pay US$20.1 billion to buy 70 per cent of US telecom Sprint Nextel in the biggest ever offshore acquisition by a Japanese company.

 

Deal will help the start-up build up vehicles and drivers to compete against Uber in India’s US$10bn ride-hailing market

India’s Ola raises US$2bn from investors led by SoftBank, Tencent

A group of investors led by Japanese conglomerate SoftBank Group Corp and Chinese internet giant Tencent Holdings has invested US$2 billion in the latest round of funding for ride-hailing services provider Ola, the fiercest rival of Uber Technologies in India, according to a person familiar with

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