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SoftBank

SoftBank loss Vision Fund
News

Softbank reports massive $18bn operating loss at its Vision Fund

May 18, 2020 News Centre 0

Japan’s SoftBank Group reported an annual 1.9 trillion yen ($18 billion) operating loss at its gargantuan Vision Fund, as its tech bets slide Read more…

Masayoshi Son
News

Vision turns to illusion for Softbank’s Masayoshi Son

April 24, 2020 News Centre 0

SoftBank Group Corp founder Masayoshi Son’s dream of a global tech empire is unravelling as his Vision Fund becomes more of an illusion. Read more…

softbank pepper robot
Views

SoftBank’s investment strategy fails big – but it can still fail well

April 16, 2020 John C. Tanner 0

We always hear how digital companies must embrace failure, so should we really be freaking out over SoftBank’s investment flops? Well no, not yet. Read more…

Softbank loss
News

Softbank expects $16.5bn loss, its first for 15 years

April 14, 2020 News Centre 0

SoftBank expects its $100 billion Vision Fund to lose $16.5bn due to the worsening performance of its tech bets, its first loss for 15 years. Read more…

News

SoftBank-backed AI startup CloudMinds slashing workforce

January 27, 2020 News Centre 0

SoftBank-backed cloud robotics and artificial intelligence startup CloudMinds is slashing its global workforce as it burns through cash. Read more…

News

SoftBank’s $3bn WeWork financing talks stall with Japan banks

December 24, 2019 News Centre 0

SoftBank Group Corp’s talks to secure $3 billion from Japan’s three biggest banks have stalled as the lenders have hit internal lending limits to the firm. Read more…

News

SoftBank to merge Yahoo Japan with Line creating $30bn giant

November 19, 2019 News Centre 0

SoftBank Corp plans to merge internet subsidiary Yahoo Japan with messaging app operator Line Corp to create a $30 billion tech group Read more…

Oyo Softbank
News

Indian regulator investigates MakeMyTrip over Softbank bias

October 31, 2019 News Centre 0

Indian regulator will investigate allegations that hotel-booking service MakeMyTrip gives special treatment to SoftBank-backed hotel chain Oyo. Read more…

Softbank
News

Softbank companies start earnings reports with rise in profits

October 30, 2019 News Centre 0

Japanese IT services firm SB Technology booked a 41% rise in quarterly profit, marking the season’s first earnings report of dozens of SoftBank Group. Read more…

Grab Gojek
News

Grab ups the ante in on-going battle with Gojek

September 12, 2019 News Centre 0

Grab is in talks to merge OVO, an Indonesian digital payments firm, with an Ant Financial-backed local peer to build heft and power ahead of archrival Gojek. Read more…

Softbank loss
Off the Wire

SoftBank selects Nokia for 5G RAN in Japan

May 31, 2019 News Centre 0

Japanese telecoms operator, Softbank Corp., has selected Nokia as a strategic partner to drive its commercial 5G offering with the Nokia AirScale solution. Read more…

Softbank loss
News

Softbank shares jump after record buyback and profit surge

February 8, 2019 News Centre 0

SoftBank shares jumped 17% on Thursday, adding $14bn to market value, after it unveiled a record share buyback and a surge in quarterly operating profit. Read more…

News

Groove X unveils ‘affectionate’ companion robot in Japan

December 19, 2018 News Centre 0

TOKYO (Reuters) – Japanese startup Groove X, founded by an alumni of SoftBank Group Corp’s robotics unit, unveiled its first creation on Tuesday – a companion robot designed to make users happy. The Lovot, an Read more…

softbank ericsson
News

SoftBank networks hit by Ericsson software glitch

December 7, 2018 News Centre 0

SoftBank, the third largest mobile operator inJapan, suffered a service disruption on its mobile and fixed-line networks due to faulty software from its equipment supplier Ericsson, which also impacted the vendor’s customers outside of Japan. Read more…

softbank IPO
News

SoftBank is clear to launch $21b telecoms unit IPO

November 13, 2018 News Centre 0

TOKYO (Reuters) – SoftBank Group has won approval to conduct a 2.4 trillion yen ($21.04 billion) initial public offering (IPO) of its domestic telecoms business, in a deal that will seal the group’s transformation into Read more…

softbank toyota
News

Toyota and SoftBank team up for self-driving car services

October 5, 2018 News Centre 0

TOKYO (Reuters) – Toyota Motor Corp and SoftBank Group are teaming up to develop self-driving car services, signalling deepening alliances between top automaker and tech firms as the global race to develop autonomous cars intensifies. Read more…

softbank solar
News

SoftBank promises free electricity to solar alliance in 25 years

October 4, 2018 News Centre 0

(Reuters) – Japan’s SoftBank Group has proposed to offer free electricity, after 25 years, to International Solar Alliance (IS) member-countries that sign power purchase agreements (PPA), chief executive Masayoshi Son said at a renewable energy Read more…

softbank NIDD NB-IoT
Off the Wire

SoftBank experiments with NIDD for IP-free IoT services

October 2, 2018 News Centre 0

SoftBank announced that it has completed what it claims is the world’s first connection test in a commercial environment for NIDD (non-IP data delivery), which has been newly defined by the 3GPP for NB-IoT to enhance Read more…

softbank blockchain
Off the Wire

SoftBank and parters demo blockchain-based RCS payments

September 13, 2018 News Centre 0

SoftBank, Synchronoss Technologies and TBCASoft have partnered on a proof of concept (PoC) for a new cross-carrier mobile payments service based on the RCS global messaging standard and TBCASoft’s cross-carrier blockchain platform. Earlier this year, Read more…

softbank
News

Flipkart/ARM selloffs boost Softbank’s Q1 profit

August 7, 2018 News Centre 0

TOKYO (Reuters) – Japan’s SoftBank Group reported a 49% jump in quarterly profit on Monday, boosted by the sale of its stake in Indian e-commerce giant Flipkart in the first public divestment by the conglomerate’s Read more…

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