Wednesday, November 6, 2024

Softbank

SoftBank Announces Surprising Loss as Vision Fund Posts First Profit in Five Quarters

The SoftBank loss surprised analysts who were expecting the company to report a gain, even though the company’s investment arm is up. SoftBank Group Corp reported a loss for the quarter ended June, surprising much of the market, which expected...

SoftBank Group May See Profit after Vision Fund Lost $48B

Analysts expect that the Vision Fund investment arm of SoftBank Group turned a profit and might announce as much in its upcoming report. SoftBank Group’s Vision Fund may finally turn a profit after multiple losses due to the current...

SoftBank Group Is Contemplating US IPO for Its PayPay Payments Division

Before the end of 2023, SoftBank may finalize IPO efforts in the US for PayPay and Arm. Japanese multinational investment holding company SoftBank Group Corp is currently considering a United States initial public offering (IPO) for its PayPay payments subsidiary, according...

SoftBank Vision Fund Records $32B Loss in Its Fiscal 2022 Year amid Weakening Economy

Vision Fund, SoftBank’s tech investment arm, posted a loss of 4.3 trillion yen for its fiscal year that ended March 31st.  SoftBank sustained a $32 billion record loss for its Vision Fund tech investment arm amid a challenging period for tech...

SoftBank Group-backed Arm Announces Plans to Build Advanced Semiconductor

With the growth of artificial intelligence (AI) amid the booming blockchain technology Arm is assured of a growing semiconductor market. A subsidiary of SoftBank Group Corporation (LON: 0R15), Arm Ltd., is reportedly working on its advanced prototype semiconductor. In...

Alibaba Shares Slips 2.5% after SoftBank Reduced Its Stake

While Alibaba still maintains its dominance in most of the industries it is invested in, earlier the company unveiled plans to split itself into 6 functional units. The shares of Chinese multinational e-commerce and tech conglomerate, Alibaba Group Holding...

Softbank Set to Invest $150 Million in Female Dominated Metaverse Project Zepeto

Softbank, a Japanese multinational conglomerate holding company is reportedly the latest to join the Metaverse mania. The firm is reportedly in talks to invest $150 million in the South Korean Metaverse platform Zepeto, as per a report in...

Brazil’s Largest Crypto Exchange Secure $200M in Funding From Softbank

Softbank invested $200 million into Brazil’s cryptocurrency exchange giant, Mercado Bitcoin. This was the largest investment made by Softbank in Latin America to date. The news was announced by Mercado’s parent company 2TM Group, whose valuation grew to...
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