SoftBank
South Korea food delivery giants rev up rider race amid COVID-19 boom
In South Korea, a number of the world’s biggest food delivery firms are scrambling to browse an estimated $4 billion wave of fresh orders, contracting tens of thousands of ne...
The We Company reverts to WeWork to emphasize office-sharing roots
We Company, parent of money-losing shared office supplier WeWork, which last year yanked intends to go public following harsh criticism within its business model and erratic direct...
Paytm targets a million apps on its mini app store to take on Google
Alibaba-backed Indian FinTech firm Paytm is aiming to get a million apps onto its own “mini app store” by the first quarter of 2021, it said on Thursday, seeking to cha...
Could India be planning to launch its own app store?
India is open to launching its own mobile app shop or enlarging an existing one if it receives sufficient demand from domestic firms for an alternative to Apple and Google platform...
Didi and BYD to launch co-designed ride-hailing EV in China
BYD received approval from China’s Ministry of Industry and Information Technology to market an electrical sedan version known as D1 last month, based on government records. ...
China state media outlet calls Nvidia’s Arm purchase ‘disturbing’
An op-ed in China’s state-backed Global Times news outlet has said US chipmaker Nvidia’s proposed acquisition of Arm Ltd from Japan’s SoftBank Group Corp was R...
M&A: Tech leads crisis-driven boom with $350 billion deal rush
Global M&A volumes are exceeding $2 trillion for 2020, with technology making up almost a fifth of the total after mammoth deals such as SoftBank’s $40 billion purchase o...
Nvidia’s deal for Arm sparks quick backlash in chip industry
Nvidia’s $40 billion agreement to acquire Arm Ltd from SoftBank Group is likely to meet strong resistance from Nvidia’s chip industry rivals, analysts say, with murmurs...
WSJ reporting that SoftBank nears a $40 billion deal to sell Arm Holdings to Nvidia
SoftBank Group is near to selling British chip designer Arm Holdings to Nvidia Corp for more than $40 billion, a deal that would create a giant in the processor industry, the Wall ...
SoftBank Group sheds $15 billion on US tech stock rout
SoftBank stocks were down 5 percent in afternoon trade on Wednesday, extending this week’s slump that’s wiped $15 billion in its market capitalisation, as investors wor...
SoftBank shares slide 7% as tech stock options bets unnerve investors
SoftBank Group closed some 7% down as the Japanese conglomerate’s bets on equity derivatives tied to listed platform businesses made investors uneasy amid a decline in market...
Shares in telecom business SoftBank Corp fall 3% as parent slashes stake
Shares in wireless carrier SoftBank Corp dropped 3% on Monday after parent SoftBank Group Corp said it would sell up to 22 percent of the telco’s shares, which could slash it...
SoftBank seen booking 75% first-quarter profit drop as it returns to profitability
SoftBank Group is seen booking a 75 percent first-quarter profit plunge, albeit making a return to profitability, since the COVID-19 outbreak continued to weigh on the platform and...
WeWork expects to have positive cash flow in 2021
WeWork Executive Chairman Marcelo Claure said the office-sharing company was on course to have positive cash flow in 2021, a year earlier than a target the company set in February,...