https://www.scmp.com/rss/517968/feed The latest news on billionaire technology entrepreneur, investor and philanthropist Masayoshi Son, CEO of SoftBank, including Japanese business news and updates. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Ben Jiang Ben Jiang China’s government-led push into artificial intelligence (AI) contrasts with the US’ private sector-led approach, with the world’s two largest economies advancing along divergent paths, according to China International Capital Corp (CICC). Chinese investments in AI had focused on underlying technologies, including advanced semiconductors, to address a shortage of computing resources resulting from the country’s restricted access to advanced chips, the state-backed investment management firm said... https://www.scmp.com/tech/tech-trends/article/3340551/china-wants-chips-us-needs-power-divergent-ai-growth-paths-emerge-amid-bubble-concerns?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3340551/china-wants-chips-us-needs-power-divergent-ai-growth-paths-emerge-amid-bubble-concerns?utm_source=rss_feed Wed, 21 Jan 2026 01:15:10 +0000 Ann Cao,Ben Jiang Ann Cao,Ben Jiang Rapid advances in artificial intelligence (AI) pose questions about whether computers will be able to match – or even surpass – human ability, and how people will be able to retain control of systems vastly smarter than themselves. The first key tipping point will be the arrival of artificial general intelligence (AGI), where machines match human intelligence and possess the ability to perform any intellectual task that a person can do, such as reasoning, learning and adapting across diverse... https://www.scmp.com/plus/article/3336173/china-chases-superintelligent-ai-without-sci-fi-movie-risks?utm_source=rss_feed https://www.scmp.com/plus/article/3336173/china-chases-superintelligent-ai-without-sci-fi-movie-risks?utm_source=rss_feed Fri, 12 Dec 2025 05:18:32 +0000 Bloomberg Bloomberg SoftBank Group sold its entire stake in Nvidia for US$5.83 billion to help bankroll artificial intelligence investments, even as investors question the amount of capital pouring into a technology with uncertain returns. Founder Masayoshi Son has been unwinding positions to pay for a plethora of AI projects, from Stargate data centres with OpenAI and Oracle to robot manufacturing sites in the US. The Nvidia exit coincides with a growing debate about whether spending by Big Tech firms like Meta... https://www.scmp.com/tech/big-tech/article/3332409/softbank-shares-dive-after-nvidia-sale-spooks-ai-wary-market?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3332409/softbank-shares-dive-after-nvidia-sale-spooks-ai-wary-market?utm_source=rss_feed Wed, 12 Nov 2025 02:10:15 +0000 Reuters Reuters SoftBank Group Corp on Wednesday said it has agreed to buy the robotics business of Swiss engineering group ABB in a US$5.4 billion deal. The deal marks a major push by SoftBank founder and CEO Masayoshi Son into robotics, as he expands investment activity after a period of retrenchment. SoftBank, whose forays into robotics include the humanoid Pepper, has investments in the segment, including in Berkshire Grey and AutoStore. The deal means ABB has abandoned its original decision to spin off and... https://www.scmp.com/tech/big-tech/article/3328219/softbank-strikes-deal-acquire-abbs-robotics-business-us54-billion?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3328219/softbank-strikes-deal-acquire-abbs-robotics-business-us54-billion?utm_source=rss_feed Wed, 08 Oct 2025 07:46:11 +0000 Bloomberg Bloomberg SoftBank Group agreed to buy US$2 billion in Intel stock, a move that extends its US investment effort and offers a vote of confidence in the struggling chipmaker. SoftBank will pay US$23 a share for Intel ordinary share, according to a joint statement on Monday. The agreement, which the companies described as a move to “deepen their commitment” to US chip innovation, will be subject to customary closing conditions. Intel shares jumped about 5 per cent in late trading after the announcement.... https://www.scmp.com/tech/big-tech/article/3322296/japans-softbank-invest-us2-billion-intel-part-us-push?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3322296/japans-softbank-invest-us2-billion-intel-part-us-push?utm_source=rss_feed Tue, 19 Aug 2025 01:43:30 +0000 Bloomberg Bloomberg SoftBank Group Corp is building up stakes in Nvidia and Taiwan Semiconductor Manufacturing Co (TSMC), showing founder Masayoshi Son’s focus on the tools and hardware underpinning artificial intelligence. The Japanese technology investor raised its stake in Nvidia to about US$3 billion by the end of March, up from US$1 billion in the prior quarter, according to regulatory filings. It bought around US$330 million worth of TSMC shares and US$170 million in Oracle Corp, the filings show. That was... https://www.scmp.com/tech/big-tech/article/3320820/softbanks-growing-stakes-nvidia-tsmc-show-founder-masayoshi-sons-focus-ai-gear?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3320820/softbanks-growing-stakes-nvidia-tsmc-show-founder-masayoshi-sons-focus-ai-gear?utm_source=rss_feed Tue, 05 Aug 2025 09:07:48 +0000 Bloomberg Bloomberg SoftBank Group founder Masayoshi Son is seeking to team up with Taiwan Semiconductor Manufacturing Company (TSMC) to realise what could be his biggest bet yet – a trillion-dollar industrial complex in Arizona to build robots and artificial intelligence. Son envisions a version of the vast manufacturing hub of China’s Shenzhen that would bring back high-tech manufacturing to the US, according to people familiar with the billionaire’s thinking. The park may comprise production lines for AI-powered... https://www.scmp.com/tech/big-tech/article/3315222/softbank-pitches-us1-trillion-us-ai-robot-hub-tsmc-trump-team-eyes-arizona?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3315222/softbank-pitches-us1-trillion-us-ai-robot-hub-tsmc-trump-team-eyes-arizona?utm_source=rss_feed Fri, 20 Jun 2025 08:29:56 +0000 Bloomberg Bloomberg Nvidia chief Jensen Huang blasted the “failure” of US restrictions intended to help contain China’s technological ascent, calling on the White House to lower barriers to AI chip sales before American firms cede that market to up-and-coming rivals such as Huawei Technologies. Huang called for policymakers to propel US AI technology by lowering export barriers aimed at curtailing the rise of a geopolitical rival. Some corners of Washington are receptive to that argument when it applies to... https://www.scmp.com/tech/big-tech/article/3311207/nvidia-ceo-blasts-us-ai-chip-restrictions-china-failure-calls-policy-reversal?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3311207/nvidia-ceo-blasts-us-ai-chip-restrictions-china-failure-calls-policy-reversal?utm_source=rss_feed Wed, 21 May 2025 08:13:36 +0000 Bloomberg Bloomberg SoftBank Group Corp tumbled to a loss in the December quarter, weighed down by a drop in the value of Vision Fund’s public holdings, just as founder Masayoshi Son campaigns to raise US$500 billion for artificial-intelligence (AI) infrastructure under the Stargate Project. The Tokyo-based company reported a net loss of ¥369.2 billion (US$2.4 billion) for its financial third quarter, compared with a profit of ¥950 billion a year ago. The firm’s Vision Fund unit logged a ¥309.9 billion loss,... https://www.scmp.com/tech/big-tech/article/3298415/japans-softbank-swings-loss-ahead-big-ai-infrastructure-bet-stargate-project?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3298415/japans-softbank-swings-loss-ahead-big-ai-infrastructure-bet-stargate-project?utm_source=rss_feed Wed, 12 Feb 2025 11:22:54 +0000 Bloomberg Bloomberg SoftBank Group and OpenAI will create a joint venture to develop and sell artificial intelligence (AI) services to businesses across Japan, establishing one of the broadest efforts yet to sell the fast-growing start-up’s tools to enterprise customers outside the US. Billionaire SoftBank founder Masayoshi Son and OpenAI chief Sam Altman took to a Tokyo stage Monday to outline their 50-50 collaboration. The venture, which will operate under SoftBank’s telecoms arm, will hire 1,000 people from... https://www.scmp.com/tech/big-tech/article/3297162/softbank-openai-tie-develop-ai-japan-deepseek-rises?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3297162/softbank-openai-tie-develop-ai-japan-deepseek-rises?utm_source=rss_feed Mon, 03 Feb 2025 08:09:44 +0000 Japanese tech conglomerate SoftBank Group Corp’s big-talking founder Masayoshi Son is back, this time with plans to bring about an era of artificial superintelligence (ASI). Son sketched out ambitions to help create artificial intelligence (AI) thousands of times smarter than any human, making his most grandiose pronouncements since the SoftBank began taking steps to shore up its finances following a series of ill-timed start-up bets. Sounding both more energised and more reflective than he has... https://www.scmp.com/tech/big-tech/article/3267511/softbank-founder-masayoshi-son-aims-foster-era-super-ai-new-investment-drive?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3267511/softbank-founder-masayoshi-son-aims-foster-era-super-ai-new-investment-drive?utm_source=rss_feed Fri, 21 Jun 2024 07:05:45 +0000 As the sun rises on a new digital era, long shadows are being cast across a landscape dominated by giants – few more towering than Nvidia, whose market capitalisation has exceeded the entire Chinese stock market, as represented by H shares. This moment, emblematic of the burgeoning AI revolution, prompts us to ask: are we witnessing the inflation of a bubble, or the foundation of a transformative cycle? The internet’s evolutionary leap from mere information retrieval to inference – as even... https://www.scmp.com/comment/opinion/world/article/3254110/ai-boom-echoes-dotcom-bubble-not-way-you-think?utm_source=rss_feed https://www.scmp.com/comment/opinion/world/article/3254110/ai-boom-echoes-dotcom-bubble-not-way-you-think?utm_source=rss_feed Tue, 05 Mar 2024 12:30:11 +0000 Saudi Arabia’s new US$100 billion investment firm announced a string of deals Tuesday, including partnerships with SoftBank Group and a Chinese surveillance equipment maker to set up local manufacturing facilities, as part of the kingdom’s efforts to transform itself into an industrial powerhouse. The new vehicle, Alat, and SoftBank will invest as much as US$150 million to establish a fully-automated manufacturing and engineering hub in Riyadh. The venture will build industrial robots based on... https://www.scmp.com/business/article/3252706/saudi-arabias-us100-billion-investment-firm-alat-piles-softbank-and-dahua-technology?utm_source=rss_feed https://www.scmp.com/business/article/3252706/saudi-arabias-us100-billion-investment-firm-alat-piles-softbank-and-dahua-technology?utm_source=rss_feed Wed, 21 Feb 2024 09:16:03 +0000 Apple’s chief operating officer Jeff Williams is on a rare visit to Taiwan to celebrate the 50th anniversary of Foxconn Technology Group, the company that helped build the iPhone empire by assembling those devices to exacting standards in factories across mainland China. In Taipei on Tuesday night, Williams was joined by Apple’s senior vice-president of operations, Sabih Khan, as a guest of honour at a gala celebration. Also present were SoftBank Group chief executive officer Masayoshi Son and... https://www.scmp.com/tech/big-tech/article/3252632/apple-operating-chief-jeff-williams-makes-rare-taiwan-visit-attend-gala-iphone-maker-foxconn?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3252632/apple-operating-chief-jeff-williams-makes-rare-taiwan-visit-attend-gala-iphone-maker-foxconn?utm_source=rss_feed Wed, 21 Feb 2024 02:53:53 +0000 Masayoshi Son has added about US$3.8 billion to his net worth this year as the surging stock price of Arm Holdings bolsters the value of his holdings in SoftBank Group. The pace of increase in his wealth puts the Japanese billionaire in the top 30 gainers among the world’s 500 richest people tracked by the Bloomberg Billionaires Index. The 66-year-old founder of SoftBank was worth US$15.1 billion as of Tuesday, compared with US$11.3 billion at the end of last year. Son is personally benefiting... https://www.scmp.com/business/companies/article/3251850/softbank-founder-masayoshi-son-adds-us4-billion-his-wealth-arms-192-rally?utm_source=rss_feed https://www.scmp.com/business/companies/article/3251850/softbank-founder-masayoshi-son-adds-us4-billion-his-wealth-arms-192-rally?utm_source=rss_feed Tue, 13 Feb 2024 10:37:13 +0000 Japanese investment holding firm SoftBank Group Corp has largely cleared its ownership in e-commerce giant Alibaba Group Holding, concluding one of the most successful deals in China’s internet industry and a holding that spanned about 23 years. SoftBank, which invested US$20 million into Alibaba when it was still a start-up in 2000, said in a corporate filing on Thursday that it was set to book a gain of 1.26 trillion yen (US$8.5 billion) – about 425 times the value of its initial outlay – for... https://www.scmp.com/tech/article/3249933/japans-softbank-concludes-run-alibabas-biggest-shareholder-drawing-close-one-most-successful?utm_source=rss_feed https://www.scmp.com/tech/article/3249933/japans-softbank-concludes-run-alibabas-biggest-shareholder-drawing-close-one-most-successful?utm_source=rss_feed Fri, 26 Jan 2024 10:30:20 +0000 Jack Ma and Joe Tsai, the co-founders of Alibaba Group Holding, have emerged as the two largest shareholders of the Chinese e-commerce giant by aggressively scooping up its tumbling shares in New York and Hong Kong. Ma, who retired as Alibaba’s executive chairman in 2019, bought about US$50 million of stock in the fourth quarter, raising his stake beyond the 4.3 per cent reported at the end of 2021, to become the largest single shareholder, according to sources familiar with the matter. Joe... https://www.scmp.com/tech/big-tech/article/3249552/jack-ma-joe-tsai-replace-softbank-alibabas-largest-shareholders-scooping-tech-giants-tumbling-shares?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3249552/jack-ma-joe-tsai-replace-softbank-alibabas-largest-shareholders-scooping-tech-giants-tumbling-shares?utm_source=rss_feed Wed, 24 Jan 2024 02:25:23 +0000 Legendary industrial designer Jony Ive and OpenAI chief executive Sam Altman are enlisting an Apple veteran to work on a new artificial intelligence (AI) hardware project, aiming to create devices with the technology's latest capabilities. As part of the effort, outgoing Apple executive Tang Tan will join Ive’s design firm LoveFrom, which will shape the look and capabilities of the new products, according to people familiar with the matter. Altman, who has become the face of modern AI, plans to... https://www.scmp.com/tech/tech-trends/article/3246337/apples-iphone-design-chief-enlisted-jony-ive-sam-altman-work-ai-devices?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3246337/apples-iphone-design-chief-enlisted-jony-ive-sam-altman-work-ai-devices?utm_source=rss_feed Wed, 27 Dec 2023 02:49:43 +0000 Nearly all of OpenAI’s employees have threatened to quit and follow ousted leader Sam Altman to work at the company’s biggest investor, Microsoft, unless the current board resigns, leaving the future of the high-profile artificial intelligence (AI) start-up increasingly uncertain. More than 700 of OpenAI’s roughly 770 employees signed a letter on Monday addressed to the company's board, stating that the signatories are “unable to work for or with people that lack competence, judgment and care... https://www.scmp.com/tech/tech-trends/article/3242258/nearly-all-openai-staff-threaten-go-microsoft-unless-board-quits-investors-try-bring-back-altman?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3242258/nearly-all-openai-staff-threaten-go-microsoft-unless-board-quits-investors-try-bring-back-altman?utm_source=rss_feed Tue, 21 Nov 2023 02:55:25 +0000 Sam Altman, the recently ousted chief executive of OpenAI, is discussing a possible return to the company behind the ChatGPT bot even as he considers launching a new artificial intelligence (AI) venture, a person briefed on the matter said on Saturday. A day after the board fired him in a surprise move that rocked the tech world, Altman was talking with OpenAI executives about improving the company’s governance structure, while he discusses with some core OpenAI researchers and others loyal to... https://www.scmp.com/tech/big-tech/article/3242094/ousted-openai-ceo-sam-altman-said-discuss-possible-return-start-behind-chatgpt-mulls-new-ai-venture?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3242094/ousted-openai-ceo-sam-altman-said-discuss-possible-return-start-behind-chatgpt-mulls-new-ai-venture?utm_source=rss_feed Sun, 19 Nov 2023 13:33:29 +0000 WeWork’s bankruptcy filing caps a years-long saga that revealed breathtaking flaws in the investment style of Japanese billionaire Masayoshi Son, damaging his professional reputation far beyond the money he lost. Son overrode his lieutenants’ objections and handed WeWork founder Adam Neumann billions of dollars from both SoftBank Group Corp and the Vision Fund, lifting the co-working office space’s valuation to an astronomical US$47 billion in early 2019. Just months later, investors balked at... https://www.scmp.com/business/banking-finance/article/3240722/wework-bankruptcy-cost-softbanks-billionaire-boss-masayoshi-son-us115-billion-and-his-credibility?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3240722/wework-bankruptcy-cost-softbanks-billionaire-boss-masayoshi-son-us115-billion-and-his-credibility?utm_source=rss_feed Wed, 08 Nov 2023 03:00:17 +0000 Bloomberg Bloomberg Akshay Naheta, a former SoftBank Group executive who steered some of the firm’s biggest deals, is launching a new company in Abu Dhabi focusing on stablecoin technology. The 42-year-old financier has set up DTR within the emirate’s international financial free zone and will partner on the project with Hong Kong-based DRAM Trust, which has ties to several high-net-worth individuals. They’re looking to capitalise on a stablecoin market that analysts at Bernstein estimate will grow more than... https://www.scmp.com/tech/policy/article/3236483/ex-softbank-executive-sets-uae-stablecoin-teams-hong-kong-firm-target-high-net-worth-users?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3236483/ex-softbank-executive-sets-uae-stablecoin-teams-hong-kong-firm-target-high-net-worth-users?utm_source=rss_feed Mon, 02 Oct 2023 03:47:44 +0000 A dose of reality is tempering the outlook for Arm’s public listing as the chip designer kicks off its roadshow this week, lowering expectations of both the valuation and the amount to be raised. The SoftBank Group-owned chip unit now seeks to raise US$5 billion to US$7 billion, down from as much as US$10 billion it previously sought, Bloomberg News reported. The valuation could also end up in the range of US$50 billion to US$60 billion, instead of a previous target range of US$60 billion to... https://www.scmp.com/tech/big-tech/article/3233333/arm-ipo-aims-raise-us5-billion-us7-billion-down-its-previous-goal-investors-weigh-china-risks?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3233333/arm-ipo-aims-raise-us5-billion-us7-billion-down-its-previous-goal-investors-weigh-china-risks?utm_source=rss_feed Mon, 04 Sep 2023 08:16:45 +0000 A scramble among Arm Holdings’ clients, comprising the world’s biggest technology companies, to snap up shares in its initial public offering (IPO) is testing the semiconductor designer’s adherence to not picking sides in the chip industry. Customers of Arm that have held talks about taking a piece of the IPO include Apple, Amazon.com, Intel, Nvidia, Google parent Alphabet, Microsoft, Samsung Electronics and Taiwan Semiconductor Manufacturing Co (TSMC), Reuters has reported. Arm is hoping for a... https://www.scmp.com/tech/big-tech/article/3231986/ipo-chip-firm-arm-turns-tug-war-influence-among-tech-giants?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3231986/ipo-chip-firm-arm-turns-tug-war-influence-among-tech-giants?utm_source=rss_feed Wed, 23 Aug 2023 04:30:14 +0000 SoftBank Group Corp’s Arm Holdings took a step toward what is set to become the biggest US initial public offering of the year, a bet that the once-obscure designer of phone chips can flourish in the era of artificial intelligence (AI) computing. In a long-awaited regulatory filing on Monday, Arm said the offering is being led by Barclays, Goldman Sachs Group, JPMorgan Chase & Co and Mizuho Financial Group. The document listed 24 other underwriters below that top tier – with Morgan Stanley... https://www.scmp.com/tech/big-tech/article/3231863/mobile-chip-firm-arm-files-ipo-set-be-2023s-biggest-and-boon-japanese-owner-softbank?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3231863/mobile-chip-firm-arm-files-ipo-set-be-2023s-biggest-and-boon-japanese-owner-softbank?utm_source=rss_feed Tue, 22 Aug 2023 03:07:31 +0000 SoftBank Group Corp-owned Arm, the British semiconductor tech company, on Monday rolled out new technology for mobile devices, which Taiwanese smartphone chip designer MediaTek said it will be using for its next-generation product. MediaTek, a long-time supplier of low- and mid-tier smartphone processors, has been pushing into the market to supply integrated circuits (ICs) for premium smartphones, once dominated by rival Qualcomm, which has been in a legal battle with Arm since last year over... https://www.scmp.com/tech/tech-trends/article/3222189/softbank-owned-british-chip-design-firm-arm-rolls-out-new-tech-mobile-devices-taiwans-mediatek-signs?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3222189/softbank-owned-british-chip-design-firm-arm-rolls-out-new-tech-mobile-devices-taiwans-mediatek-signs?utm_source=rss_feed Mon, 29 May 2023 08:48:14 +0000 Alibaba Group and other Chinese technology companies held by SoftBank Group are facing a new threat to their share prices, having survived Beijing’s regulatory crackdown: the Japanese investment firm reportedly plans to trim its portfolio of Chinese assets valued at more than US$30 billion. Shares of Alibaba and JD Logistics slumped in Hong Kong on Thursday while digital freight platform Full Truck Alliance and social media company Renren sank in the US overnight after the Financial Times... https://www.scmp.com/business/china-business/article/3216905/alibaba-jd-logistics-shares-tank-japans-softbank-reportedly-plans-major-sell-us36-billion-china?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3216905/alibaba-jd-logistics-shares-tank-japans-softbank-reportedly-plans-major-sell-us36-billion-china?utm_source=rss_feed Thu, 13 Apr 2023 06:23:07 +0000 British semiconductor design company Arm has decided against selling shares on the London Stock Exchange for now, dealing a blow to UK politicians who were lobbying the home-grown technology giant ahead of its initial public offering. The SoftBank Group Corp-owned company will instead focus on a sole listing in New York for Arm later this year, people familiar with the matter said, asking not to be identified because the information is not public. The company is keeping its headquarters in... https://www.scmp.com/tech/tech-trends/article/3212025/softbank-backed-arm-rules-0ut-uk-listing-now-focus-us-ipo?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3212025/softbank-backed-arm-rules-0ut-uk-listing-now-focus-us-ipo?utm_source=rss_feed Thu, 02 Mar 2023 03:38:13 +0000 China is betting that an open-source chip design architecture can help the country achieve self-sufficiency in semiconductors, as the US tightens its restrictions over the export of advanced chip technologies and equipment to Chinese entities. At an industry event earlier this week, 11 Chinese semiconductor companies unveiled their latest chips based on the so-called RISC-V architecture, a sign of China’s accelerating efforts to move away from popular chip design standards controlled by Western... https://www.scmp.com/tech/tech-war/article/3201887/tech-war-china-bets-risc-v-chips-escape-shackles-us-tech-export-restrictions?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3201887/tech-war-china-bets-risc-v-chips-escape-shackles-us-tech-export-restrictions?utm_source=rss_feed Fri, 02 Dec 2022 13:30:10 +0000 SoftBank Group expects to post a gain of more than US$34 billion from selling down its stake in Alibaba Group Holding, cashing in a chunk of its most storied investment to shore up finances as global markets deteriorate. The Japanese investment giant’s board approved on Wednesday the early physical settlement of prepaid forward contracts corresponding to about 242 million American depositary receipts. After the settlement, which will run from August to September, its stake in China’s e-commerce... https://www.scmp.com/business/companies/article/3188425/softbank-book-us34-billion-gain-selling-alibaba-shares-masayoshi?utm_source=rss_feed https://www.scmp.com/business/companies/article/3188425/softbank-book-us34-billion-gain-selling-alibaba-shares-masayoshi?utm_source=rss_feed Wed, 10 Aug 2022 10:11:02 +0000 SoftBank Group is planning to list some of its stake in chip designer Arm Ltd on the London Stock Exchange, switching from an earlier plan to only use the US market, according to people familiar with the matter. The Japanese company is adjusting plans for an initial public offering of its chip technology division and will likely still list the majority of what it offers for trading on US exchanges, according to the people, who asked not to be identified because the matter has not been made... https://www.scmp.com/tech/tech-trends/article/3181735/softbank-plans-additional-london-listing-arm-initial-public?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3181735/softbank-plans-additional-london-listing-arm-initial-public?utm_source=rss_feed Wed, 15 Jun 2022 03:00:28 +0000 Billionaire Masayoshi Son is poised to set another record – and not the good kind – when he reports earnings for the March quarter on Thursday, as SoftBank Group Corp’s Vision Fund investment unit may have lost more money in one quarter than it ever has before. The world’s largest tech fund is estimated to have lost about US$18.6 billion on its public portfolio alone during the quarter ended March 31, even greater than the record US$18.3 billion drop marked in the fiscal second quarter,... https://www.scmp.com/tech/big-tech/article/3177269/softbank-faces-record-loss-amid-plunging-tech-valuations-and-big-bets?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3177269/softbank-faces-record-loss-amid-plunging-tech-valuations-and-big-bets?utm_source=rss_feed Wed, 11 May 2022 03:15:11 +0000 When most of us think of California, images of white sand beaches, sun-dappled vineyards and movie stars come quickest to mind. Perhaps the Golden Gate Bridge or even the historic art deco Los Angeles City Hall building. Since the inflating then bursting of the dotcom bubble in the late 1990s though, Silicon Valley has also been one of the state’s quintessential identifiers, albeit one that less readily calls a specific image to mind. Today, boasting the largest concentration of homes valued at... https://www.scmp.com/magazines/style/luxury/article/3174801/fit-tech-royalty-bay-areas-most-expensive-home-now-market?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/article/3174801/fit-tech-royalty-bay-areas-most-expensive-home-now-market?utm_source=rss_feed Tue, 19 Apr 2022 19:00:23 +0000 Indonesia is turning to Saudi Arabia and the United Arab Emirates, as well as crowdfunding from its massive population, to develop its new capital city in Borneo after Japanese tech behemoth SoftBank Group pulled out of the US$34 billion project. Coordinating Minister of Maritime and Investment Affairs Luhut Pandjaitan, in revealing SoftBank’s exit, attributed it to “decline in their share price” and Saudi Arabia’s withdrawal of funds from the company’s venture capital arm Vision Fund... https://www.scmp.com/week-asia/politics/article/3172985/softbanks-exit-indonesias-new-capital-project-sees-it-turn-saudi?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3172985/softbanks-exit-indonesias-new-capital-project-sees-it-turn-saudi?utm_source=rss_feed Mon, 04 Apr 2022 05:23:26 +0000 The defiant head of Arm China, the mainland joint venture of British semiconductor design company Arm, asserts that the Chinese firm may go public in either Shanghai or Hong Kong after 2025, weeks after the SoftBank Group Corp-owned UK tech outfit revealed its initial public offering (IPO) plan. Allen Wu, the chairman and chief executive of Arm China, told the South China Morning Post that the firm’s Chinese shareholders, who control 51 per cent of the Shanghai-based joint venture, have the... https://www.scmp.com/tech/big-tech/article/3168443/arm-china-ceo-asserts-semiconductor-joint-ventures-right-pursue-ipo?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3168443/arm-china-ceo-asserts-semiconductor-joint-ventures-right-pursue-ipo?utm_source=rss_feed Fri, 25 Feb 2022 13:30:12 +0000