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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 billionaire told shareholders in Tokyo he is leaving just as Alibaba co-founder Jack Ma himself quits SoftBank’s board
The tussle between British firm Arm and Allen Wu, the head of its Chinese joint venture, is playing out against the backdrop of escalating tension between China and the US over leadership in key technologies.
The tussle between British firm Arm and Allen Wu, the head of its Chinese joint venture, is playing out against the backdrop of escalating tension between China and the US over leadership in key technologies.
Demand for ride-hailing services has collapsed as many cities across Southeast Asia went into lockdowns to deal with the health crisis - leaving food deliveries to pick up slack
Demand for ride-hailing services has collapsed as many cities across Southeast Asia went into lockdowns to deal with the health crisis - leaving food deliveries to pick up slack
The controversy comes at a sensitive time for British firm Arm and client Huawei, as Western companies are struggling to navigate an escalating clash between the US and China over technology leadership.
The controversy comes at a sensitive time for British firm Arm and client Huawei, as Western companies are struggling to navigate an escalating clash between the US and China over technology leadership.
Japanese technology conglomerate SoftBank Group Corp led the funding round, which marks the single largest investment in China’s autonomous driving sector.
Japanese technology conglomerate SoftBank Group Corp led the funding round, which marks the single largest investment in China’s autonomous driving sector.
With massive losses and more boardroom departures, including Alibaba founder Jack Ma, questions are raised about who can rein in Son’s risk-taking impulses.
With massive losses and more boardroom departures, including Alibaba founder Jack Ma, questions are raised about who can rein in Son’s risk-taking impulses.
Jack Ma’s exit from SoftBank comes about nine months after he left e-commerce giant Alibaba, showing the billionaire entrepreneur’s resolve to focus on philanthropic activities.
Jack Ma’s exit from SoftBank comes about nine months after he left e-commerce giant Alibaba, showing the billionaire entrepreneur’s resolve to focus on philanthropic activities.
Oyo founder Ritesh Agarwal said tough decisions are necessary to survive the pandemic and assured workers no jobs would be cut anywhere in the globe.
Oyo founder Ritesh Agarwal said tough decisions are necessary to survive the pandemic and assured workers no jobs would be cut anywhere in the globe.
SoftBank’s plans to sell Alibaba shares is part of its effort to raise US$41 billion to shore up its businesses battered by the coronavirus pandemic, according to people with knowledge of the matter.
SoftBank’s plans to sell Alibaba shares is part of its effort to raise US$41 billion to shore up its businesses battered by the coronavirus pandemic, according to people with knowledge of the matter.
Japan’s SoftBank said it plans to sell up to US$41 billion in assets to buy back its shares and reduce debt amid a growing financial squeeze on the company
Japan’s SoftBank said it plans to sell up to US$41 billion in assets to buy back its shares and reduce debt amid a growing financial squeeze on the company
The new financing was finalised just over the past week, when the Covid-19 outbreak quickened its spread and triggered market routs across the globe.
The new financing was finalised just over the past week, when the Covid-19 outbreak quickened its spread and triggered market routs across the globe.
The latest major investors in Grab, Southeast Asia’s most valuable start-up, are Japanese banking giant Mitsubishi UFJ Financial Group and data centre services provider TIS.
The latest major investors in Grab, Southeast Asia’s most valuable start-up, are Japanese banking giant Mitsubishi UFJ Financial Group and data centre services provider TIS.
China’s Alibaba is the Japanese firm’s biggest asset and CEO Masayoshi Son’s most successful tech bet to date, but prominent activist investor Elliott Management is pushing for change, including big buy-backs.
China’s Alibaba is the Japanese firm’s biggest asset and CEO Masayoshi Son’s most successful tech bet to date, but prominent activist investor Elliott Management is pushing for change, including big buy-backs.
SoftBank said in a statement that it is cooperating with the investigation and that ‘no information that is highly confidential’ was compromised.
SoftBank said in a statement that it is cooperating with the investigation and that ‘no information that is highly confidential’ was compromised.
Uber Technologies has agreed to offload Uber Eats in India to local rival Zomato in return for 9.99 per cent of the Indian start-up, maintaining a foothold in one of the world’s fastest-growing internet arenas.
Uber Technologies has agreed to offload Uber Eats in India to local rival Zomato in return for 9.99 per cent of the Indian start-up, maintaining a foothold in one of the world’s fastest-growing internet arenas.
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.