
Softbank reports massive $18bn operating loss at its Vision Fund
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…
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…
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…
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 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…
SoftBank-backed cloud robotics and artificial intelligence startup CloudMinds is slashing its global workforce as it burns through cash. Read more…
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…
SoftBank Corp plans to merge internet subsidiary Yahoo Japan with messaging app operator Line Corp to create a $30 billion tech group Read more…
Indian regulator will investigate allegations that hotel-booking service MakeMyTrip gives special treatment to SoftBank-backed hotel chain Oyo. Read more…
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 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…
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 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…
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, 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…
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…
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…
(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 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, 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…
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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