December 12, 2019
SoftBank-Backed OneConnect Takes A 50 Pct Valuation Hit
China’s cloud-based FinTech platform OneConnect reduced its U.S. initial public offering (IPO) on Thursday (Dec. 12) by nearly 50 percent, the Financial Times (FT) reported. Get the Full Story Complete...
December 10, 2019
SoftBank Parts Ways With Dog-Walking Startup Wag
SoftBank is giving up on the dog-walking startup Wag after investing $300 million two years ago, The Wall Street Journal (WSJ) reported on Monday (Dec. 9). Wag CEO Garrett Smallwood...
December 08, 2019
SoftBank Founder Plans To Invest ‘More And More’ Despite WeWork...
Alibaba’s Jack Ma warned SoftBank’s Masayoshi Son that having too much money can lead to a “lot of mistakes.” Get the Full Story Complete the form to unlock this article...
December 03, 2019
SoftBank Releases SBC Wallet Cards With Fiat/Crypto Options
Japanese multinational conglomerate SoftBank has announced the launch of SBC Wallet Cards, which utilize its own encryption system, and boast multiple encryption mechanisms, as well as hot and cold wallet...
December 02, 2019
The Venture Investing Road Less Traveled: Funding Enablers, Not Challengers
High-flying tech unicorns have been brought to earth. Venture capital dollars chase Neobanks and alternative credit companies. Commerce Ventures Founder Dan Rosen tells Karen Webster that the key to venture capital...
November 14, 2019
Investors Raise Billions To Invest In Later-Stage Companies
Later-stage tech startups are getting cash infusions from big investors eager to make deals, The Financial Times (FT) reported on Wednesday (Nov. 13). Get the Full Story Complete the form...
November 10, 2019
Lawsuit Targets WeWork For Lost Value After Pulled IPO
A lawsuit is being launched by minority shareholders against WeWork, Adam Neumann — its co-founder and former chief executive officer — and the prime investor, Japan’s SoftBank, Reuters reported on...
November 08, 2019
WeWork Reveals 90-Day Plan To Turn Company Around
WeWork, the embattled office space company, has revealed a “90-day game plan” that includes huge changes to the company, including the divestiture of all if its “non-core businesses” and layoffs,...
November 08, 2019
WeWork’s IPO Flop Triggers Tech Startup Scrutiny By Investors
Following WeWork’s IPO debacle, investors want tech startups to prove profitability before seeking funds and going public, CNBC reported on Friday (Nov. 8). Get the Full Story Complete the form...