News
Softbank expects $16.5bn loss, its first for 15 years
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
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SoftBank-backed AI startup CloudMinds slashing workforce
SoftBank-backed cloud robotics and artificial intelligence startup CloudMinds is slashing its global workforce as it burns through cash. Read more…
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SoftBank’s $3bn WeWork financing talks stall with Japan banks
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…
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SoftBank to merge Yahoo Japan with Line creating $30bn giant
SoftBank Corp plans to merge internet subsidiary Yahoo Japan with messaging app operator Line Corp to create a $30 billion tech group Read more…
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Indian regulator investigates MakeMyTrip over Softbank bias
Indian regulator will investigate allegations that hotel-booking service MakeMyTrip gives special treatment to SoftBank-backed hotel chain Oyo. Read more…
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Softbank companies start earnings reports with rise in profits
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…
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Grab ups the ante in on-going battle with Gojek
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…
Off the Wire
SoftBank selects Nokia for 5G RAN in Japan
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…
News
Softbank shares jump after record buyback and profit surge
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
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…