Industry Keyword: SoftBank
Application Platforms
Fresh fears over Beijing regulatory crackdown drive China tech rout
Investor worries over the potential for a fresh wave of regulatory crackdowns by Beijing set off steep drops in Chinese tech shares.
Chinese authorities have told state-owned firms and banks to launch a fresh round...
Online Marketplaces
SoftBank seen trimming Alibaba stake to fill shortfall?
SoftBank is likely to trim its stake in Chinese e-commerce giant Alibaba, an analyst has said, as the Japanese tech conglomerate invests in unlisted start-ups through its second Vision Fund and repurchases its shares.
SoftBank...
Application Platforms
Storm clouds gather at SoftBank Group as valuations slide
Storm clouds hang over SoftBank Group Corp as it prepares to report third-quarter earnings, with the valuations of top portfolio companies slipping and heavyweights departing the Japanese technology conglomerate.
Major SoftBank assets that went public...
Computing Platforms
Nvidia gives an upbeat revenue forecast
Nvidia Corp has forecast current-quarter revenue above analysts' estimates, banking on strong demand for data centers.
But flat gross margins from the previous quarter and concern about Nvidia's exposure to the crypto market pushed shares...
Mobile & Infrastructure
SoftBank’s choice of New York for Arm listing deals a blow to London
SoftBank's decision to list famed UK chip designer Arm is good news for New York, bad news for London and perhaps the best option left for the Japanese group after the collapse of its...
Technology Platforms
SoftBank’s sale of Arm to Nvidia to collapse?
SoftBank Group Corp's sale of Arm Ltd to US chipmaker Nvidia Corp has collapsed, a source familiar with the matter told journalists, adding that Arm will plan for an IPO.
The deal has faced several...
Sharing Economy
Uber looking to sell Didi, China market has little transparency, CEO says
Uber Technologies Inc is looking to sell stakes in non-strategic assets including its holding in Beijing-based Didi Global Inc, its CEO has said, who also described the China market as a tough one with...
Technology Platforms
US says Nvidia-Arm deal harms market for networking, self-driving car chips
The US Federal Trade Commission (FTC) has argued that competition in the nascent markets for chips in self-driving cars and a new category of networking chips could be hurt if Nvidia carries out its...
Mobile & Infrastructure
FTC sues to block Nvidia deal to buy Arm
The US Federal Trade Commission has sued to block US chip company Nvidia Corp's more than $80 billion planned acquisition of British chip technology provider Arm, adding to already significant global regulatory challenges of...
Sharing Economy
Beijing presses Didi to delist from US over data security fears
Chinese regulators have pressed top executives of ride hailing giant Didi to devise a plan to delist from the NYSE due to concerns about data security, two people with knowledge of the matter told journalists.
China's...
Communication & Collaboration
WhatsApp wins approval to double payments offering to 40 million users in India
WhatsApp has won regulatory approval to double the number of users on its payments service in India to 40 million, a source with direct knowledge has told journalists.
The company had requested that there should...
FinTech Platforms
Consortium of Japanese firms to test launch digital currency
A consortium of roughly 70 Japanese firms, including the country's three mega-banks, will begin experiments to launch a digital currency as early as the latter half of 2022, the Nikkei newspaper has said.
The digital...