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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.
- The US ride-hailing giant has been making an effort to cut back on loss-making operations globally
- It will offload the business to Zomato in return for 9.99 per cent of the Indian start-up, which is backed by Jack Ma’s Ant Financial
Masayoshi Son, chairman and chief executive at SoftBank, roped in Alibaba’s Jack Ma for a chat in Tokyo on the two tech billionaires’ vision for the future of AI.
Masayoshi Son, chairman and chief executive at SoftBank, roped in Alibaba’s Jack Ma for a chat in Tokyo on the two tech billionaires’ vision for the future of AI.
Today’s accounting rules may be ill-suited to an era of unprecedented speculation on unicorns. Under the International Financial Reporting Standards (IFRS) that SoftBank uses, companies have wide latitude to determine how much they think portfolio companies are worth.
Today’s accounting rules may be ill-suited to an era of unprecedented speculation on unicorns. Under the International Financial Reporting Standards (IFRS) that SoftBank uses, companies have wide latitude to determine how much they think portfolio companies are worth.
Swiss Re says it has been exploring a potential stake sale to China Pacific, but a deal would depend on several factors.
Swiss Re says it has been exploring a potential stake sale to China Pacific, but a deal would depend on several factors.
The Israeli-born businessman whose wife, Rebekah, is actor Gwyneth Paltrow’s cousin, has been scrutinised for his lavish spending, excessive partying and dodgy work ethic
The Israeli-born businessman whose wife, Rebekah, is actor Gwyneth Paltrow’s cousin, has been scrutinised for his lavish spending, excessive partying and dodgy work ethic
ARM China’s commitment will be seen as much needed reassurance to China’s tech sector, which has become a flashpoint in the US-China relationship
ARM China’s commitment will be seen as much needed reassurance to China’s tech sector, which has become a flashpoint in the US-China relationship
Founder Adam Neumann will now leave the company’s board as part of the package, who will still get US$1.2 billion in WeWork stock
Founder Adam Neumann will now leave the company’s board as part of the package, who will still get US$1.2 billion in WeWork stock
The Chinese ride-hailing giant is recruiting for a rider and driver operations associate in the country, according to a job ad on professional networking site LinkedIn.
The Chinese ride-hailing giant is recruiting for a rider and driver operations associate in the country, according to a job ad on professional networking site LinkedIn.
WeWork lost US$1.9 billion in 2018 and burned through US$2.36 billion in cash in the first half of this year, according to filings.
WeWork lost US$1.9 billion in 2018 and burned through US$2.36 billion in cash in the first half of this year, according to filings.
Founder Ritesh Agarwal has built Oyo into India’s second-most valuable start-up. Its service covers 1.2 million rooms in more than 80 countries, including 590,000 rooms in China.
Founder Ritesh Agarwal has built Oyo into India’s second-most valuable start-up. Its service covers 1.2 million rooms in more than 80 countries, including 590,000 rooms in China.
Didi’s early success has been helped by its efforts to localise and add app features
Didi’s early success has been helped by its efforts to localise and add app features
Masayoshi Son’s SoftBank will also help Grab to build a second headquarters in the Indonesian capital of Jakarta.
Masayoshi Son’s SoftBank will also help Grab to build a second headquarters in the Indonesian capital of Jakarta.
ARM designs chips that are licensed to the world’s largest technology companies.
ARM designs chips that are licensed to the world’s largest technology companies.
Didi is not the only ride-hailing service to have faced safety issues in the past year, as technology takes personal transport into new territory.
Didi is not the only ride-hailing service to have faced safety issues in the past year, as technology takes personal transport into new territory.
SoftBank named Nokia as a strategic partner for its 5G roll-out and Ericsson as a supplier of radio access network equipment.
SoftBank named Nokia as a strategic partner for its 5G roll-out and Ericsson as a supplier of radio access network equipment.
Britain’s EE and Vodafone and Japan’s KDDI and Y! Mobile said they are pausing the launch of Huawei smartphones; British mobile chip designer Arm said separately it was complying with the US rules.
Britain’s EE and Vodafone and Japan’s KDDI and Y! Mobile said they are pausing the launch of Huawei smartphones; British mobile chip designer Arm said separately it was complying with the US rules.
If pursued, an IPO would give investors in the fund a way to cash out part or all of their stakes.
If pursued, an IPO would give investors in the fund a way to cash out part or all of their stakes.
Japanese telecoms giant is investing US$125 million in Loon, which will share technology and ground stations as well jointly promote use of flying base stations worldwide.
Japanese telecoms giant is investing US$125 million in Loon, which will share technology and ground stations as well jointly promote use of flying base stations worldwide.
Chinese technology companies are increasingly turning their eyes to Europe for investment and deals as US regulators are seen as a “major hurdle”, according to GP Bullhound, a technology advisory and investment firm.
Chinese technology companies are increasingly turning their eyes to Europe for investment and deals as US regulators are seen as a “major hurdle”, according to GP Bullhound, a technology advisory and investment firm.
Grab founder Anthony Tan is battling Go-jek for leadership in the Southeast Asian market after vanquishing Uber in the region last year.
Grab founder Anthony Tan is battling Go-jek for leadership in the Southeast Asian market after vanquishing Uber in the region last year.
Didi has faced a regulatory and consumer backlash at home after two women passengers were murdered in 2018
Didi has faced a regulatory and consumer backlash at home after two women passengers were murdered in 2018
Following scandals, Didi has focused on safety overhauls, including in-trip audio recordings by passengers and drivers and in-car panic buttons.
Following scandals, Didi has focused on safety overhauls, including in-trip audio recordings by passengers and drivers and in-car panic buttons.
The technology is gaining traction in a range of consumer electronic products, cars, and retail and hotel services
The technology is gaining traction in a range of consumer electronic products, cars, and retail and hotel services
- Authorities plan to wind down small peer-to-peer lending platforms as part of measures against shadow banking
- Authorities plan to wind down small peer-to-peer lending platforms as part of measures against shadow banking
Whiz, an autonomous floor-cleaning machine for businesses, will be available in Japan in February
Whiz, an autonomous floor-cleaning machine for businesses, will be available in Japan in February