The Gurugram-based online hospitality company OYO is now officially entering the Chinese market. OYO is a Softbank backed firm and China is its third international destination after Malaysia and Nepal. The investor of OYO that is Softbank is showing high hopes and support in favour of the hospitality company. SoftBank Group’s chairman and chief executive Masayoshi Son addressed OYO […]
Japanese holding company, Softbank Group Corporation is determined to invest funds amounting to $60 billion to $100 billion in a solar power project in India. According to the reports, the funds being invested in the project are supposedly raised by the Softbank from the Saudi Arabia’s government. Saudi Arabia is the biggest investor in the […]
The e-commerce platform of Paytm known as ‘Paytm Mall’ has raised funds amounting to Rs 1500 crore from Japenese holding company SoftBank Group Corporation and its existing lender Alibaba Group Holding Ltd. According to the reports, the recent funding is a part of the funding commitment of Rs 3,000 crore that was at first announced […]
Softbank Group Corp has promoted Rajeev Misra, the chief executive officer of Vision Fund as the executive vice president of the Softbank board of directors, a move that would now place the director in the list of those in the line up to succeed the Tokyo-based company’s founder Masayoshi Son. Misra took over as CEO […]
Nikesh Arora, an Indian businessman who was the president and COO of SoftBank Group, has now been appointed as the CEO and chairman of ‘Palo Alto Networks’, the global cybersecurity leader. Arora has replaced Mark McLaughlin who has been the head for nearly seven years and has played a major role in its difficult stage […]
Softbank, the Japanese conglomerate owned by Masayoshi Son, recently agreed to sell its stakes in Flipkart for $4 bn following an investment of $2.5 Bn in mid-2017 for its 20% stakes in the e-commerce company. However, the company is very well focused and determined to bet on other companies that will remain profitable and growing. […]
Softbank is finally putting an end to the months of speculations over his future with Flipkart post the Walmart acquisition deal. The Japanese conglomerate has now agreed to sell its 23.6% stake in Indian e-commerce major Flipkart to its new owners, Walmart for around $4 Bn. Several reports varied over the future of Masayoshi Son’s […]
The Japanese Internet Conglomerate, SoftBank Group Corp is reportedly in talks over a possible investment in food delivery and online restaurant company Zomato as told by sources familiar with the matter. The possibility of Softbank’s future investment in Zomato has been speculating in the market since six months back when the Japanese giant first held […]
Masayoshi Son, founder of SoftBank Group Corp, the world’s largest private equity fund, announced that he was keen to set up a second Vision Fund in the near future, despite still having capital remaining in its $100 Bn Vision Fund of May 2017. In a conference held in Tokyo, the business mogul stated that capital […]
Post mega Flipkart-Walmart Acquisition, the e-commerce world has been buzzing with speculations all around as to how the mammoth deal will shape the coming scenario. Now, there is a new dimension that has come into play regarding SoftBank unwilling to sell its stakes to Flipkart. If SoftBank was to sell its 22.3% stake in Flipkart […]
New Delhi: SoftBank founder Masayoshi Son yet not decided to sell its 20-22% stake in Flipkart to Walmart Inc., sources close to the company told to Pixr8 News. After seeing the valuation of the company, Masayoshi Son is in dilemma and will take a call in the next 7-10 days on whether to exit India’s […]
Paytm has been all over the landscape these past few weeks and days with major consecutive news announcements. This time, Paytm mall, the e-commerce daughter business of Paytm has raised over $445 Mn in funding from Japanese conglomerate SoftBank and Alibaba, the Chinese e-commerce giant. Regulatory filings reveal that SoftBank has been the major investor […]