Possible merger raises concerns
September 16, 2020 | 10:00
Initiated in early 2020 in the burgeoning ride-hailing market across Southeast Asia, the two giants Grab and Gojek have accelerated merger talks over the past few months as SoftBank and other investors have been showing their determination to back up the deal.
SoftBank to sell US$21 billion in T-Mobile shares
June 23, 2020 | 14:00
TOKYO: Japanese tech investment behemoth SoftBank Group said Tuesday (Jun 23) it will sell T-Mobile shares worth more than US$21 billion as it sheds assets to shore up its financial health.
Grab discharges hundreds of staff members due to pandemic's impact
June 16, 2020 | 19:06
Grab has just announced its plan to discharge 360 staff members, equalling 5 per cent of the company's personnel to cope with the global health crisis.
WeWork and VNPAY-affiliated SoftBank loses $2 billion in Vision Fund
February 12, 2020 | 20:14
SoftBank Group Corporation, a shareholder of VNLIFE (the parent firm of VNPAY and WeWork), has reported $2.05 billion of loss in its Vision Fund’s investments.
WeWork plans to cut 4,000 jobs worldwide
October 24, 2019 | 15:56
WeWork is planning to cut approximately 4,000 jobs as part of an aggressive turnround plan put in place by SoftBank.
PM welcomes SoftBank’s investment expansion in Vietnam
October 23, 2019 | 10:53
Prime Minister Nguyen Xuan Phuc welcomed SoftBank – the largest financial services group of Japan – to expand investment in Vietnam, which has an increasingly improved business environment and the fastest economic growth in the region and the world.
SoftBank in talks to take control of WeWork
October 22, 2019 | 08:47
Japan-based SoftBank is ready to buy a controlling stake in WeWork, providing the shared office space startup desperately needed funding at a slashed valuation, a source told AFP on Monday (Oct 21).
VNLIFE bags$300 million investment from Softbank and GIC
July 28, 2019 | 10:52
Softbank Vision Fund and GIC have committed to proposing investment deals of $200 million and $100 million, respectively, to further the growth of VNLIFE.
Toyota, SoftBank Vision Fund in $1bn Uber investment
April 19, 2019 | 14:39
Japanese car giant Toyota and investment fund Softbank Vision Fund on Friday unveiled an investment of $1 billion in US company Uber to drive forward the development of driverless ridesharing services.
SoftBank unveils massive $21 bn IPO of Japan mobile unit
November 13, 2018 | 09:39
TOKYO: Telecoms giant SoftBank will list shares in its Japanese mobile unit next month in a sale that could raise over $21 billion and be one of the biggest tech IPOs in years.
SoftBank plans US$60-100 billion investment in solar in India: Report
June 15, 2018 | 15:25
Japan's SoftBank is planning to invest between $60-100 billion in a solar power project in India, a Japanese report said on Friday, as the firm looks to expand its interests into various sectors.
Uber taps into Japan with first taxi-hailing pilot
May 24, 2018 | 08:39
TOKYO: Uber announced Tuesday (May 22) it would start its first taxi-hailing pilot programme in Japan this summer, as it bids to break into a tough market in the world's third largest economy.
Tencent interest to rearrange ride-hailing market?
April 11, 2018 | 15:59
Tencent's interest in Go-Jek and Didi Chuxing, both of which are about to enter Vietnam, might affect the local ride-hailing market.
SoftBank and Saudi Arabia sign for world's largest solar power project
March 28, 2018 | 19:15
SoftBank’s chairman and Saudi prince Mohammed bin Salman have just signed a Memorandum of Understanding to develop the world’s largest solar power project.
Softbank shares soar on Sprint takeover
October 16, 2012 | 14:33
Shares in Japanese mobile carrier Softbank soared in Tokyo on Tuesday as investors piled back into a stock that had been pounded since news of its $20 billion takeover of Sprint Nextel emerged last week.
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