SoftBank Corp

Startups, Entrepreneurs, Digital economy

Singapore's Trax secures US$640 mil in funding round led by SoftBank, BlackRock

Trax, a Singapore-based startup serving the retail industry, raised US$640 million ($857.2 million) from investors led by SoftBank Vision Fund II and BlackRock Inc to bankroll its global expansion.

Startups, Entrepreneurs, Digital economy

Softbank leads US$360 mil funding round in startup behind Chinese popular workout app Keep

SoftBank Group Corp.’s Vision Fund led a US$360 million ($477 million) funding round in the startup behind China’s most popular workout app, Keep, as coronavirus-driven gym closures prompt more use

Company in the news

SoftBank, Naver to take Line private through squeeze out

SoftBank Corp. and Naver Corp. said they would seek to compel Line Corp.’s remaining public shareholders to sell out so the two companies can take the messaging service private.

Markets

Stocks stabilise following tech retreat as greenback strengthens

Global stocks mostly stabilized Monday though investors remained on edge after the biggest two-day slide for shares since June. The dollar edged higher and crude oil extended its recent slide.

M&A

Singapore fund manager thinks JPY5380 Line tender is "very low"

A Singapore-based money manager came out against SoftBank Group Corp.

TELECOMMUNICATIONS

SoftBank mobile arm shares slide on news of group sale

SoftBank Corp. shares were down as much 3.4% to 1,383 yen ($17.81) on Monday after parent SoftBank Group Corp. announced plans to sell about a third of its holding.

Tech

SoftBank remakes itself with a US$41 bil bazooka

(Mar 27): If you are searching for a high profile global corporate icon of the Covid-19 crisis, look no further than Japan’s SoftBank Group, the world’s largest tech investor, which has seen its sh

Company in the news

Masayoshi Son's travel to Jakarta sets tongues wagging on potential Grab and Gojek tie-up

SINGAPORE (March 9): Grab and Gojek could be heading towards some sort of alliance or even a merger, as their backers face pressure to justify the valuations of loss-making tech companies.

Disruption and Digitalisation

SoftBank to invest US$2 bil through Grab to grow Indonesia's digital infrastructure

(July 29): SoftBank will invest the US$2 billion ($2.7 billion) over five years through Grab to help accelerate the development of Indonesia’s digital infrastructure.

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