The Latest Breaking News from SoftBank

China Tech's Dwindling Fortunes Fuel More Alibaba Stake Selloff Speculations By SoftBank

The dwindling fortunes of the Chinese tech shares have prompted concerns over Alibaba Group Holding Ltd (NYSE:BABA) stake selloff by SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF), the Wall Street Journal reports. SoftBank's single most significant investment in the e-commerce giant was hit hard by the domestic crackdown. The Nasdaq Golden Dragon China Index of U.S.-listed Chinese stocks…

Benzinga · Mar 28, 2022

Crowdfunding a capital: Indonesia’s unusual pitch raises eyebrows

Unorthodox proposal comes after Japan’s SoftBank opts not to invest in project estimated to cost $32bn.

Al Jazeera · Mar 25, 2022

This SoftBank-Owned Japanese Social Media Giant Is Launching An NFT Marketplace

LINE, co-owned by the Masayoshi Son-led SoftBank Group Corp (OTC: SFTBY), is all set to launch a non fungible token (NFT) marketplace.

Benzinga · Mar 24, 2022

SoftBank-Owned Arm Ltd Looks To Prune ~1K Jobs As It Prepares For IPO

SoftBank Group Corp(OTC:SFTBY) (OTC:SFTBF)-owned Arm Ltd looks to slash 15% of its workforce as it prepares for its initial public offering, Bloomberg reports. Arm aims to trim 12% - 15% of U.K. staff to control spending and focus on fewer projects. Also Read: SoftBank Aims For Arm IPO After Nvidia Dumps Takeover Plans, US Joins…

Benzinga · Mar 15, 2022

Japan Fashion Magnate Maezawa Buys ‘Affectionate’ Robot Venture

Japanese fashion magnate Yusaku Maezawa is buying robotics startup Groove X, which makes an "affectionate" companion robot, saying on Tuesday he was drawn by its ability to "make people feel happy". A fund owned by Maezawa has taken a majority stake in the startup, founded by an alumni of SoftBank…

Asharq Al-Awsat · Mar 15, 2022

SoftBank's $1B Block Sale Is Causing Coupang's Meltdown

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) Vision Fund's block trade sale worth $1 billion on March 9 triggered Coupang Inc (NYSE:CPNG) share's recent meltdown. SVF Investments (UK) Ltd sold 50 million Coupang shares for $20.87 per share. Coupang's shares closed at $22.70 on March 9 and $18.94 on March 10. Also Read: South Korean E-Commerce Company Coupang…

Benzinga · Mar 14, 2022

WeWork's Empty Chair Sparks Speculation Of Founder Adam Neumann's Return: Bloomberg

WeWork Inc (NYSE:WE) is yet to fill the Chair position since Marcelo Claure's exit in January, Bloomberg reports. Claure, SoftBank Group Corp's (OTC:SFTBY) (OTC:SFTBF) former COO, had held that position since the Japanese conglomerate rescued WeWork from near-insolvency in 2019.  Claure resigned in January from SoftBank, the biggest investor in WeWork. Adam Neumann can…

Benzinga · Feb 25, 2022

Here's Why Alibaba Dumped Its Fundraising Plans

Alibaba Group Holding Ltd (NYSE:BABA) discussed raising at least $1 billion for Lazada before calling off negotiations when talks bogged down over the Southeast Asian online mall's valuation, Bloomberg reports. Alibaba had aimed to secure financing for Lazada ahead of its spinoff and a potential initial public offering. Alibaba ditched the fundraising…

Benzinga · Feb 23, 2022

Here's Why Jefferies Sees More Alibaba Stake Sale By SoftBank

SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) sold 20 million Alibaba Group Holding Ltd (NYSE: BABA) shares in the last quarter and "

Benzinga · Feb 22, 2022

SoftBank backs Deliveroo IPO platform PrimaryBid in $190 million round

London-based PrimaryBid helped Deliveroo offer shares to retail investors in its March 2021 IPO

Evening Standard · Feb 21, 2022