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SoftBank


Here’s a gut check for every frustrated commuter who gripes about gridlock in South Florida: Would you be willing to board an “aerial rideshare” to soar above the congestion? Joby Aviation, a California company building a fleet of mini-helicopters, and REEF Technology, the Miami-based operator of parking garages, this week announced a partnership aimed at …

It seems like SoftBank and the Mubadala Corp. aren’t finished taking big swings at the commercial real estate business in the U.S. Even after the collapse of WeWork, the investors are doubling down on a similar business model as part of a syndicate investing $700 million into REEF Technology. REEF began its life as Miami-based …

Masayoshi Son, chairman and chief executive officer of SoftBank Group at the SoftBank World 2018 event in Tokyo, Japan. Kiyoshi Ota | Bloomberg | Getty Images SoftBank Group posted a $12 billion quarterly profit on Tuesday after reporting historic losses of $13 billion for its last fiscal year.  The recovery is largely down to rising …

SoftBank has quietly poured more than $500m into Credit Suisse investment funds that in turn made big bets on the debt of struggling start-ups backed by the Japanese technology conglomerate’s Vision Fund. SoftBank made the investment into the Swiss bank’s $7.5bn range of supply-chain finance funds, said three people familiar with the matter. Credit Suisse …

FILE PHOTO: Logo of Didi Chuxing is seen at its headquarters building in Beijing, China August 28, 2018. REUTERS/Jason Lee BEIJING/SHANGHAI (Reuters) – China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary that was led by SoftBank Group’s (9984.T) Vision Fund 2. The …

Hours before SoftBank reported a record annual operating loss of 1.36 trillion yen ($12.7 billion) — the worst in at least 20 years, according to the data provider Refinitiv — it announced that Alibaba (BABA) founder Jack Ma would resign from its board. Ma, who is still a director of the Chinese e-commerce company, had …

New York City , March 27, 2020 (GLOBE NEWSWIRE) — For Immediate Release // Friday/March 27th, 2020 When the COVID-19 outbreak started in Wuhan, China, little did we know the global impact of this not just on people and public health but on industries across the board. The global technology industry generates over $5 Trillion …

TOKYO (Reuters) – Quarterly profit at SoftBank Group Corp (9983.T) was almost wiped out as the Japanese technology giant was hit for a second straight quarter by losses at its $100 billion Vision Fund. Wednesday’s dismal results could further dampen investor enthusiasm for founder Masayoshi Son’s big bets on untested start-ups. While Son told a …

Why should we believe any of the people responsible for the ongoing tech bubble when they claim what they’re doing has great benefit for humanity? Listening to them, you might think that rising inequality, rampant tax evasion, and ecological devastation are simply capitalism run amok. This assertion, however, obscures what the bubble has done to …

SoftBank (SFTBF) will pump $5 billion into The We Company and accelerate a $1.5 billion equity investment originally due to the company next year, according to a statement released by the two firms. SoftBank, which is already WeWork’s largest investor, is also offering to buy up to $3 billion worth of stock from existing investors …