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.


SoftBank taps India with stake in Snapdeal

SoftBank would become Snapdeal's biggest investor. Photo: AFP

SoftBank Corp has agreed to buy a US$627 million stake in Indian online retailer Snapdeal, seeking to tap into potentially huge e-commerce growth in the market with the world's third-biggest internet user base.

Wednesday, 29 October, 2014, 5:57am

The games billionaires play

SoftBank chief executive Masayoshi Son has acknowledged that the lack of a successor poses one of the leading risks to SoftBank’s future. Photo: Reuters

If Masayoshi Son, the chief executive of SoftBank Corp needs a fresh strategy to fend off a surprise French counterbid for a prized US telecommunications target, he could do worse than ask budding entrepreneurs at the SoftBank Academia.

5 Aug 2014 - 2:32am

Alibaba faces bumpy road in US flotation after abandoning Hong Kong offering

Alibaba walked away from a Hong Kong listing after regulators refused to let the company maintain its partnership structure. Photo: Reuters

The United States will not be an easy option for the potential US$15 billion listing of Alibaba, which has been stuck in a war of words with the Hong Kong stock exchange and regulator over its listing plan.

8 Oct 2013 - 8:18am 2 comments

Alibaba in no rush to float in Hong Kong this year

Jack Ma's main concern is about the control of Alibaba. Photo: AFP

Alibaba Group may postpone its potential HK$100 billion listing plan to 2015 if the mainland's top e-commerce firm cannot get a deal done in Hong Kong this year. 

13 Sep 2013 - 7:51am 1 comment

Alibaba's plans for US$15b listing in Hong Kong in doubt

Alibaba's plans for US$15b listing in Hong Kong in doubt

Alibaba chairman Jack Ma’s manoeuvring to keep management control of the company he founded has  derailed plans for a possible US$15 billion listing of the firm’s shares in Hong Kong this year.

16 Aug 2013 - 9:02am

Control issue clouds Alibaba's Hong Kong IPO

Jack Ma Yun, Chairman of Alibaba group. Photo: Xinhua

Prospects for a Hong Kong listing this year for Chinese internet giant Alibaba have dimmed dramatically in the wake of disclosures by investment bankers that the mainland's No1 e-commerce firm is wrestling with how to keep management control after shares are sold to the public.

16 Aug 2013 - 7:31am

SoftBank raises Sprint offer, shareholder vote delayed

SoftBank Corp has sweetened its offer for Sprint Nextel Corp to US$21.6 billion (HK$167.7 billion). Photo: AFP

Japan’s SoftBank Corp said on Tuesday that it has agreed with Sprint Nextel Corp to raise its offer for the US wireless operator to US$21.6 billion (HK$167.7 billion) from a previous offer of US$20.1 billion.

11 Jun 2013 - 10:11am

US national-security clearance of Softbank-Sprint deal hits Huawei

US national-security clearance of Softbank-Sprint deal hits Huawei

The US national security clearance of SoftBank Corp's US$20.1 billion acquisition of Sprint Nextel Corp imposes the first restrictions on a third-party supplier over claims of Chinese spying.

31 May 2013 - 4:54am

Softbank agrees to US board veto in Sprint deal

Softbank agrees to US board veto in Sprint deal

The Japanese technology group Softbank will let the United States government have veto power over one nominee to Sprint Nextel's board to ease security concerns if itsUS$20.1 billion takeover bid succeeds, a person familiar with the matter said.

25 May 2013 - 2:53am

Start-up builds children's art network

Jesper Lodahl

A former Nokia engineer is building a private social network on the mainland where children share art projects online with parents or grandparents.

Japanese phone giant SoftBank, which has provided funding, is betting he'll succeed.

2 Apr 2013 - 4:57am

Softbank-Huawei links to raise US eyebrows

Softbank-Huawei links to raise US eyebrows

Softbank buys its mobile-phone network gear from Chinese companies which have been viewed as security threats by the United States and the relationship may become an issue as regulators review its bid for Sprint Nextel.

20 Oct 2012 - 4:00am

Softbank to buy up to 70pc of Sprint for US$20b

Japanese mobile operator Softbank will buy 70pc of US carrier Sprint Nextel. Photo: AP

Japanese mobile operator Softbank Corporation said on Monday it will buy up to 70 per cent of Sprint Nextel, the third-largest US carrier, for about US$20.1 billion.

15 Oct 2012 - 5:55pm

Business Digest, October 12, 2012

Softbank, Japan's No 3 mobile carrier, is in talks to buy a majority stake in Sprint Nextel.

Canada extends review of CNOOC bid for Nexen

12 Oct 2012 - 3:00am

Corrections & clarifications

An article published on Tuesday under 'Alibaba likely to buy out Softbank venture' should have said Softbank Corp holds 29 per cent of Alibaba Group.

22 May 2008 - 12:00am

Softbank takes non-controlling Oak Pacific stake

Japanese venture capital firm Softbank Corp will invest up to US$384 million in mainland-based internet portal operator Oak Pacific Interactive in the next four years.

2 May 2008 - 12:00am