February 12, 2020
Today In Payments: German Leaders To Vote On eScooter Ban;...
In today’s top news, Germany’s leaders will vote on the Road Traffic Act on Friday, which will determine the regulation of eScooters in the country, and Softbank’s quarterly profit dropped...
February 12, 2020
SoftBank Takes $2B Hit In Quarterly Earnings
SoftBank’s quarterly profit dropped 99 percent to ¥2.59 billion (£18.2 million) following steep Vision Fund losses, according to multiple reports on Wednesday (Feb. 12). The Vision Fund lost 225.1 billion yen...
February 07, 2020
SoftBank’s Vision Fund Sequel Fails To Meet Funding Goal
SoftBank Group, which is behind the highly successful Vision Fund, is not going to meet its financing goal for its follow-up fund, Vision Fund 2, which is seen as a...
February 04, 2020
US SoftBank Exec Exiting Vision Fund
Michael Ronen, a former Goldman Sachs banker who joined SoftBank in 2017, is leaving the conglomerate’s $100 billion Vision Fund over “issues,” the Financial Times reported on Tuesday (Feb. 4). Get...
January 17, 2020
SoftBank Could Invest $40B In New Indonesian Capital
While no figure has been suggested yet, SoftBank has reportedly offered to invest a maximum of $40 billion in a new capital city Indonesia intends to create on Borneo island. Indonesian President...
January 10, 2020
SoftBank To Invest In Indonesia’s Sustainable City
SoftBank Chief Executive and Founder Masayoshi Son wants to invest in the building of a $34 billion smart capital in Indonesia that would focus on renewable resources, according to a...
January 03, 2020
Employees Claim OYO Uses Corrupt Practices To Boost Growth
The New York Times is reporting that OYO, a quickly growing hotel startup that aims to be the largest hotel chain in the world by 2023, has inflated its numbers...
December 23, 2019
Japanese Lenders Hinder Softbank’s WeWork Bailout
SoftBank’s negotiations with Japan’s three dominant lenders to procure $3 billion as part of a $9.5 billion WeWork bailout have been hindered by lending limits, Reuters reported on Monday (Dec....
December 13, 2019
WeWork’s Bid To Find A New Lease On Life
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