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.
Despite TikTok ban, ByteDance signs office space deal with WeWork
According to the plan, the newly-leased property in the Goregaon suburb was...
WeWork Global to invest $100 million in WeWork India
WeWork India plans to use the capital for focused growth in the Indian market over the n...
Implosion of high-flying billionaire trio shows pledging risks
Pledging is big in Asia, where state-owned banks dominate financial markets and high-growth companies are more common. Tycoons in China and India often turn to lenders and other financial-services firms that offer cash in exchange for committed shares.
New woes for SoftBank's Son: Wirecard may go the WeWork way
As Wirecard drama unfolds, it may well turn into this year's WeWork, another PR disaster for Son.
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.
Furniture rental firm CasaOne raises $50 million from Credit Suisse
The funding will be used to support the overall growth of the business affording expansions into additional product categories within furniture, fixtures, and equipment, the company said in a statement.
WeWork, Awfis, other co-working spaces to realign to meet new norms
Some of the co-working space firms are also allocating more open space to the existing facilities and even thinking of opening office in two shifts.
WeWork signs office deal with Commonwealth Bank of Australia
The company holds the franchise for WeWork in India till the end of 2021. It would like to retain the brand but WeWork global holds the first right of refusal and can buy the Indian realty developer out.
SoftBank doubles Vision Fund chief, Rajeev Misra's, pay despite record loss
The pay hike for Rajeev Misra comes at a time when the Vision Fund is planning deep cuts in staffing.
SoftBank’s Vision Fund is planning to cut 10% of staff
The Vision Fund has struggled since WeWork botched its efforts to go public last year and SoftBank stepped in to bail the company out.
Netflix signs deal with WeWork for Mumbai space
The transaction for 8,860 square feet, for about 320 seats, was signed on June 30, people aware of the deal said. It will be used to execute visual effects work – which is seeing increased demand in the country -- along with another company, Anibrain.
WeWork wants a rent break. Its customers do, too
The pandemic may have undermined its business model, which rested on putting lots of people into communal spaces. Customers may shun highly trafficked offices and, after working from home for weeks, may decide they can keep doing so at least until the economy and their fortunes recover.
Lockdown impact: WeWork India to lay off around 100 employees
According to sources, WeWork India will honour the notice period and also offer severance packages to its employees. The company will continue medical insurance until the end of this year and also offer its coworking centres free of cost.