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SoftBank's India portfolio has fared well despite Covid-19: Rajeev Misra
Rajeev Misra, who also serves on the board of SoftBank Group Corp, said the central government’s move to put curbs on capital emanating from China would ultimately be replaced, but it would be difficult to replicate the technological know-how Chinese strategic investors bring to local companies.
WeWork sells control of China unit, says it got $200 million funding
WeWork shelved its initial public offering in 2019 after investors grew ...
Clampdown on Chinese investments: Indian startups will miss the know-how, says SoftBank's Rajeev Misra
Citing the example of its China-based ...
Uber investors are pressuring CEO to revamp the self-driving division
When Khosrowshahi assumed Uber’s helm from ousted founder Travis Kalanick in 2017, he inherited a mess of cultural, strategic and financial problems.
Paytm fires back at Google for ‘violating competition rules’
The trouble arose over a Paytm Cricket League contest unveiled on Friday morning, which allowed users to win stickers featuring their favorite cricket players and then win cash for every five stickers collected.
SoftBank’s big options bet tests investor faith in Masayoshi Son
SoftBank disclosed in August that it was establishing an asset management arm to trade public securities and mentioned it could use derivatives.
Amazon woos consumers with insurance & gold products. Makes India centre of fintech push
To boost online payments, Amazon launched its Amazon Pay digital wallet in 2016. It has since introduced a credit card, signed up to a state-backed payments network, and processes payments for movie and flight tickets as well as telephone and utility bills.
Nikkei slips, SoftBank Group tumbles after Nasdaq rout
SoftBank Group on Monday sank 7.2 per cent to a two-month low, posting its biggest fall since late March.
NVIDIA to acquire SoftBank Group's Arm for up to $40 billion in largest deal of the year
If approved, the deal will be one of the largest acquisitions anywhere in the world this year, and will propel NVIDIA to the forefront of the semiconductor sector. The announcement also renewed speculation about SoftBank Group's future, with Bloomberg News reporting it is set to revive talks about going private via a management buyout plan.
Goldman plans to raise about $2 billion for a new venture fund
Investing in startups at different stages could help Goldman Sachs work with some of these same businesses when they go public through its investment banking divisions.
SoftBank dispatches senior executives to turn around struggling Oyo
Oyo has been among the hardest-hit in SoftBank’s global portfolio of sharing economy outfits. It slashed its regional presence in Japan by closing offices in provincial centers at the end of June and is also looking to downsize its Tokyo headquarters.
SoftBank gives up pretending it isn't a fund
With the Vision Fund’s $98.6 billion almost fully invested, there’s not much left to be done hunting for unicorns and handing out fat checks. Earnings from the fund, generally based on mark-to-market valuation changes, fell 39% for the period.
Abu Dhabi's Mubadala in advanced talks to invest up to $1 billion in Reliance Retail
While one source said Mubadala "is ready with" $1 billion for Reliance Retail and doing due diligence, a second source said the talks were at an advanced stage and said the investment could be anywhere between $500 million and $1 billion.
Instead of criticizing valuations of Tesla & Apple, embrace them
With an economy in trouble, the path back to prosperity depends on tech companies rapidly scaling up, generating revenue and creating jobs. Finer-tuned pricing of intangible assets could speed up the recovery process, allowing growing tech companies to raise money for new product lines, rather than just to scale up old ones.
SoftBank sheds $15 billion on US tech stock rout
The fall takes SoftBank's share decline to 12% since sources told Reuters and other media late last week that the Japanese company made big bets on equity derivatives tied to tech firms.