SoftBank

Delivery Services

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...

WeWork

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

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...

Modi PM of India

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 V2X

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. ...

nvidia chipmaker

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...

Wall Street

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 chip

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...

nvidia chipmaker

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

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 Group CEO

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...

SoftBank Group CEO

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

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

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,...