Alibaba Founder Jack Ma Resign from Softbank board
Alibaba co-founder Jack Ma will resign from Softbank board after giving 13 years of services.
Search Results for: masayoshi son
SoftBank Group Forecasts USD 7bn Net Loss in 2019 Financial Year
SoftBank Group forecast a USD 7-billion net loss for the year ended March amid coronavirus impact.
WeWork Appoints Indian Origin CEO to start fresh chapter
Sandeep Mathrani, a real estate industry veteran appoint as a WeWork CEO.
WeWork Raises Funding from SoftBank Group
WeWork and Softbank reached to an agreement where softbank will provide additional funding to Wework.
SoftBank Turns against WeWork’s parent CEO Neumann
Japanese VC firm Softbank a leading investor in Coworking startup WeWork decided to act against company’s CEO Adam Neumann after company postponed its initial public offering.
SoftBank Group Triples Net Profit, Thanks to Alibaba
Japan’s SoftBank Group said its first-quarter net profit more than tripled thanks to exceptional gains related to the sale of shares in Chinese e-commerce giant Alibaba. The company announced a net profit of 1.12 trillion yen ($10.5 billion) for the three months to June, up 257.6 percent compared to the same period a year before. […]
Grab invests $2 billion in Indonesia through Softbank Vision Fund
Southeast Asia based Ride-hailing service Grab is planning to invest USD 2 billion in Indonesia through SoftBank vision fund to boost its presence.
SoftBank Vision Fund to Invest $250 Million in India’s Popular Logistics Firm
The well-known SoftBank Vision Fund is in talks to invest $200-250 million (Rs 1,470-1,837 crore) in Indian ecommerce-focused logistics company Delhivery. The fund that was started by SoftBank’s Japanese billionaire founder, Masayoshi Son will make Delhivery’s valuation reach around $1.2 billion. This move will take the company to the unicorn club and it will become one […]
Saudi Arabia Releases $200 billion in SoftBank Solar Project
Saudi Arabia has put on hold an amount of $200 billion under a plan with SoftBank Group Corp. with the purpose of building the largest solar-power-generation project in the world. As of now, nobody is actively working on the project. However, the Saudi kingdom is working up a broader, much more practical strategy to boost […]
Softbank Net Profit Surges Record 50 Fold After Flipkart Acquisition
Masayoshi Son led Japanese leading tech company SoftBank net profit soared more than 50-fold from a year earlier to 313.7 billion yen (USD 2.8 billion) in the latest quarter thanks to Flipkart acquisition and coworking space Wework growth in India. Last year in the same quarter, SoftBank‘s profits slumped to 5.5 billion yen due to […]
Paytm To Reach Japan in Collaboration With Softbank Group
With Paytm showing a commendable growth in every aspect, the digital payments giant is planning to launch its operations in Japan in collaboration with Masayoshi Son’s Softbank Group. This event is expected to take place by the end of 2018. People familiar with the matter stated that Son is trying to mark his footprints in […]
An Investment Firm Acquires $1 Billion Stake in SoftBank
Investment firm Tiger Global has reportedly taken over a stake worth $1 billion in SoftBank Group and this deal has taken up the shares of the latter as much as 6.8 per cent. Tiger Global stated to the investors in a letter that SoftBank’s stock price had not increased over the past five years even after […]