SoftBank

Chinese Flag

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.

Platform News: Japan's SoftBank

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 Vi...

Platform News: SoftBank Group CEO

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 J...

nvidia chipmaker

Nvidia gives an upbeat revenue forecast

Nvidia Corp has forecast current-quarter revenue above analysts’ estimates, banking on strong demand for data centers.

Platform News: SoftBank Group CEO

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 collap...

nvidia chipmaker

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.

Platform Industry: CEO of the ride-sharing company Uber Technologies

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 marke...

nvidia chipmaker

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 Nvid...

Nvidia Chips

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 a...

Platform News: Didi

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...

Platform News: Facebook and WhatsApp messaging service

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.

MUFG

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, ...

Indian FinTech Paytm

Skies darken for Indian IPOs after Paytm’s disappointing debut

Paytm’s dismal stock market debut this week is likely to put a damper on future offerings after the IPO of the digital payments firm ranked among the worst-performing in Indi...

nvidia chipmaker

UK orders in-depth probe of Nvidia’s Arm acquisition

The UK has ordered an in-depth investigation of Nvidia Corp’s planned $50 billion-plus acquisition of UK-based chip designer Arm, another hurdle for a deal that is being scru...

Platform News: Delivery Services across the world

Rappi hopes to be operating as digital bank in Colombia by early 2022

Delivery mobile application Rappi hopes to get regulatory approval to operate as a digital bank in Colombia in the first quarter of next year, an executive has said.

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