Wednesday, November 6

Tag: softbank group corp

Saudi Arabia Releases $200 billion in SoftBank Solar Project
1Oct By Gauri SinghNo Comments
MIDDLE EAST, News

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 renewable energy. This is expected to be announced in late October. The CEO of SoftBank, Masayoshi Son had also announced his plans to invest in creating the world’s biggest solar power project in Saudi Arabia in March. The project visualized by him was expected to have the capacity to produce up to 200 gigawatts (GW) by 2030. However, reaching out to SoftBank was found unsuccessful as the company did not respond to any of the comments.
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SoftBank’s Vision Fund CEO Rajeev Misra Lined Up for Masayoshi Son’s Successor
4Jun By Lavina TolaniNo Comments
News

SoftBank’s Vision Fund CEO Rajeev Misra Lined Up for Masayoshi Son’s Successor

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 of $93 Bn valued Vision Fund in 2016 was elevated to the board of SoftBank Group in May 2017. As per media sources, Misra is among the least three senior executives who could succeed Son when he will step down.   3 Potential Successors Lined-Up to Take Over as Masayoshi's Son's Successor Interestingly, the Japanese conglomerate had lined up 3 potential successors hinting to take over after CEO's Masayoshi Son. Marcelo Claure, now the chief promoting officer will...
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China’s Ride Aggregator Didi Halts Domestic Services for a Week
12May By Lavina TolaniNo Comments
CHINA

China’s Ride Aggregator Didi Halts Domestic Services for a Week

China's Largest Ride Aggregator Service, Didi Chuxing has reported to halt one of its domestic services for over a week following a death of female passenger that sparked questions on safety this Friday. The killing of a 21-year-old flight attendant in the central province of Henan last week diverted attention leading to an intense debate over China's social media that became the most talked about topic microblog platform Weibo in no time. The case has given birth to questions over safety concerns challenging ride-sharing company, Didi as it takes on rivals such as Uber Technologies Inc. Didi is backed by Apple Inc and Japan’s SoftBank Group Corp. The company has also apologised as it is about to suspend its Hitch service- a pooling service for passengers and drivers going to the ...
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Will SoftBank Ditch Uber And Invest In Rival Lyft?
7Nov By RishabhNo Comments
BUSINESS

Will SoftBank Ditch Uber And Invest In Rival Lyft?

SoftBank CEO Masayoshi Son on Monday said he could still walk away from the deal between SoftBank Group Corp and Uber, after the negotiations for stake in the cab aggregator platform. He also added that perhaps the company may even invest in Uber's rival Lyft. “Depending on the price and conditions, it is wholly possible we could shift our investment to the other main company Lyft. It is wholly possible,” Son said at a press conference following SoftBank’s second-quarter earnings. “We won’t know until the very end.” The negotiations are on regarding the price of the stakes in Uber, half of which will come from existing Uber shareholders, and if arriving at a price becomes difficult, he will invest in Lyft Inc. He also mentioned about the conditions such as the number of board members, th...
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SoftBank Group May Invest $100 Mn In Rivigo Services
17Aug By RishabhNo Comments
FUNDING

SoftBank Group May Invest $100 Mn In Rivigo Services

After investing big in Flipkart, Paytm and Ola, SoftBank Group Corporation is looking to invest in another startup Rivigo Services, a transport logistics provider an amount of around $100 million as per the sources aware of the discussions. (more…)
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SoftBank Plans To Invest In DIY Robots Startup Makebloc
13Jul By AnkitaNo Comments
FUNDING

SoftBank Plans To Invest In DIY Robots Startup Makebloc

SoftBank Group Corp. is in talks to invest in a STEM education and robotic startup Makebloc as per the sources said. Makeblock is looking to raise about $60 million in a series C round by the end of the year 2017 with a target to double its valuation to $400 M. The figures are preliminary and could vary depending on negotiations. Moreover, no official statement has been released by any of the company. Makebloc had earlier  raised a funding of $30 million in Series B round at a $200 million valuation led by Evolution Media China and Shenzhen Capital Group Co., Ltd. Founded in 2011(as a company in 2013) by aircraft-design major Jasen Wang, Makeblock is a leading DIY robotics construction and programming learning platform for makers, hobbyists, STEM learners, and educators. Makeblock...
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