Oyo witnessing green shoots in India: Ritesh Agarwal, founder, Oyo Hotels & Homes
In China occupancies continue to grow steadily and are in the mid-forties. Given the fluid Covid situation, any talk of bounceback needs adequate caution, said Ritesh Agarwal while replying to a question.
Delhi High Court directs Oyo to file affidavit of unencumbered assets in matter filed by Anam Datsec
In its case against Oyo, Anam Datsec has...
Instead of criticizing valuations of Tesla & Apple, embrace them
With an economy in trouble, the path back to prosperity depends on tech comp...
TikTok’s India rival booms with 500,000 users added every hour
TikTok has faced censure from courts, women’s groups, users and governments for content seen as sexually explicit or for the depiction of events like acid attacks on women. Roposo and other Indian TikTok imitators, on the other hand, market their content as fun that’s more in line with India’s relatively conservative culture.
SoftBank CEO defends Vision Fund chief Rajeev Misra, after losses, controversy
The Vision Fund lost almost $18 billion in the fiscal year ended March 31, as it wrote down the value of investments in WeWork and Uber Technologies Inc., among others.
Inside the baffling world of Masayoshi Son's presentations
Son is closely involved in making the slides. He has a team of about a half a dozen up-and-coming SoftBank employees in their late 20s and early 30s responsible for drafting the presentations.
SoftBank-backed ride-hailing firm Grab set to announce layoffs
The ride-hailing industry has been battered by the pandemic, with firms from Uber, Lyft in the United States to India's Ola cutting jobs and costs.
SoftBank energy arm to raise $600 million via offshore bonds
Bonds will likely mature in five years, with the company using the proceeds for refinancing.
SoftBank Vision Fund posts record $17.7 billion loss on Oyo, WeWork and Uber
SoftBank lost $17.7 billion last fiscal year after writing down the value of investments.
Expecting a recovery starting in the next quarter, says Oyo's Rohit Kapoor
Kapoor said the company is currently offering about 50 hotels for healthcare professionals while a dozen are for quarantining asymptomatic people.
SoftBank’s Masayoshi Son and Alibaba’s Jack Ma part ways
While the departures are unlikely to have an impact on either company, they mark the end of an era.
Founder who turned down SoftBank set to become billionaire
Optim's founder had been offered a juicy deal by Masayoshi Son himself, which he turned down.
SoftBank-backed ClimaCell raises new funds for weather forecasts
ClimaCell’s forecasting products use past weather history and artificial intelligence to gauge the weather’s impact on businesses. Airline companies had been some of ClimaCell’s key customers, but the slowdown in global travel caused by the coronavirus prompted the startup to pivot this year.
After 133% rally, has SoftBank's Son pulled off yet another escape from the abyss?
SoftBank has benefited from a rebound in its portfolio of companies, particularly Alibaba. The e-commerce giant hit record after record this year, with its market valuation pushing past $700 billion. Uber Technologies Inc., a key Vision Fund investment, has more than doubled since its mid-March trough.
WeWork directors sue SoftBank over decision to abandon deal
In a message to shareholders last month, SoftBank cited nearly a half-dozen conditions that WeWork officials hadn’t met as the basis for pulling out of purchase, including its failure to renegotiate some leases in the wake of the economic havoc caused by the Covid-19 pandemic.