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BEIJING, China (AFP) — Japanese tech investment titan SoftBank has decided to sell nearly all of its stake in Alibaba to limit exposure to China, the Financial Times reported Thursday. SoftBank was an early investor in the Chinese internet giant founded by Jack Ma but began to offload its shares last year. According to the report, SoftBank, which once owned 34 percent of Alibaba, has sold more than $7 billion of its shares since the […]
TOKYO, Japan (AFP) – Shares in the mobile unit of Japanese technology giant SoftBank resumed steep declines Thursday on their second trading day after a bruising debut saw stocks close 14.5 percent lower. In early exchanges, shares in SoftBank Corp were down 7.6 percent at 1,183 yen as heavy selling dominated at the opening bell. The IPO price was 1,500 yen. The shares were 8.3 percent down at their lowest level before bouncing slightly. That […]
TOKYO, Japan (AFP) — Telecoms giant and technology investor SoftBank Group aims to raise over $23 billion by listing its Japanese mobile unit next week in one of the biggest tech IPOs in years. In a statement, the group confirmed Monday it had formally decided to offer 1.76 billion shares, more than a one-third stake, in the SoftBank Corp mobile unit, with shares priced at 1,500 yen ($13) each. The offering includes 160 million shares […]
TOKYO, Japan (AFP) — Japan’s SoftBank is planning to invest between $60-100 billion in a solar power project in India, a Japanese report said Friday, as the firm looks to expand its interests into various sectors. The report by public broadcaster NHK comes after SoftBank announced in March it would partner Saudi Arabia on a multi-billion dollar solar project that the company’s founder called the largest in the world. NHK said the massive investment in India […]
by Natsuko FUKUE Agence France Presse TOKYO, Japan (AFP) — Once asked on Twitter about his receding hairline, Masayoshi Son, founder of Japanese telecoms giant SoftBank, retorted: “My hair is not receding. I’m advancing.” It was a typically bullish remark from the 60-year-old tycoon, listed by Forbes as Japan’s richest man with an estimated fortune of $22.2 billion, who has embarked on a furious spree of purchases culminating in Thursday’s deal to take a hefty […]
by Julie Charpentrat Agence France-Presse SAN FRANCISCO, United States (AFP) — Uber’s tieup with Japanese tech giant SoftBank suggests the ridesharing giant is set to come of age in the business world, but it still faces a long road ahead. The deal is giving the world’s most valuable startup an additional $1 billion in capital and could allow SoftBank to acquire as much as 14 percent of Uber over time. While Uber has become a global phenomenon […]
TOKYO, Japan (AFP) — Japanese tech giant SoftBank Tuesday said there was “no final agreement” on an investment in Uber and warned it could pull out of a potential deal if the terms were unsatisfactory. The statement came after Uber said it had entered an agreement with a consortium led by SoftBank and investment group Dragoneer on what it termed a “potential investment.” Uber unveiled the deal after former CEO Travis Kalanick and an influential […]
NEW YORK, United States (AFP) — Scandal hit ride-sharing company Uber on Sunday said it entered into a deal to sell a stake to Japan’s SoftBank as the firm looks to turn a new page ahead of its planned IPO by 2019. The move was announced shortly after reports emerged that its former CEO Travis Kalanick and an influential investor had buried the hatchet in a long feud that paved the way for the acquisition. “We’ve […]
(Reuters) – Nestle SA will enlist a thousand humanoid robots to help sell its coffee makers at electronics stores across Japan, becoming the first corporate customer for the chatty, bug-eyed androids unveiled in June by tech conglomerate SoftBank Corp. Nestle has maintained healthy growth in Japan while many of its big markets are slowing, crediting a tradition of trying out off-beat marketing tactics in what is a small but profitable territory for the world’s biggest […]
