Japan's SoftBank Group on Friday posted a net profit in the second quarter, with big gains from its recent sale of some shares in Chinese e-commerce giant Alibaba. In the period from July to September, the investment behemoth logged 3.03 trillion yen (21.4 billion dollars) in net profit. But over the first half it suffered a net loss of 129...
Nov 11, 2022
The valuation of US activewear brand Vuori has increased to 4 billion dollars after securing a 400 million dollar investment from SoftBank Vision Fund 2 as it sets its eyes on global expansion. The Southern California-inspired performance apparel brand will use the investment to kick off an international expansion next year by launching an...
Oct 14, 2021
Struggling Japanese conglomerate SoftBank Group on Monday reported record losses, as the coronavirus pandemic compounded woes caused by its investment in troubled office-sharing start-up WeWork. The losses were announced shortly after the firm said Chinese tycoon and Alibaba co-founder Jack Ma would resign as a director of the board next month....
May 18, 2020
Uniqlo founder Tadashi Yanai has resigned from the board of SoftBank. SoftBank says that Yanai's decision to step down from the board is so he can focus on his fashion business. Yanai was one of the only three external members of the board which was dominated by SoftBank executives and heads of its portfolio companies. Yanai's resignation comes...
Dec 30, 2019
Indonesia's top e-commerce site Tokopedia said Wednesday it has raised 1.1 billion USD in funding from investors including Japanese tech giant SoftBank and Chinese online store Alibaba. The latest financing round for Tokopedia, which lets users to set up online shops and handles transactions, underscores a push by foreign firms to tap the...
Dec 12, 2018
SoftBank said Wednesday it will sell at least 7.9 billion US dollars worth of its stake in Chinese e-commerce giant Alibaba, as the Japanese firm looks to pay down a whopping debt load. The mobile carrier, led by colourful billionaire Masayoshi Son, first invested in Alibaba in 2000, which has since ballooned into what is now considered to be...
Jun 1, 2016
