Softbank

SoftBank concentration risk comes to the fore in Asia tech ecosystem

A FEW years ago, the entry of SoftBank's Vision Fund into Asia heralded hope of a tech boom. But today, all eyes will be on how deep the Vision Fund's losses run in SoftBank's full-year results...

Oyo is not wasting the WeWork crisis

[MUMBAI] Oyo Hotels & Homes is making the most of its crisis. Ritesh Agarwal's Indian startup is cutting 5,000 jobs, focusing on profitable growth, and improving governance. That might deflate...

'Jewel' of SoftBank's Vision Fund Oyo plagued by 'toxic' culture, troubling incidents

[NEW DELHI] Oyo, a startup that offers budget hotel rooms, has grown into one of India's most valuable private companies and aims to be the world's largest hotel chain by 2023.

SoftBank's Masayoshi Son, tech visionary or robber baron?

THIS is the year that brought a US$100 billion venture capitalist to his knees.

SoftBank will have 'last laugh' with WeWork deal: analyst

[TOKYO] SoftBank Group Corp's massive investment in WeWork triggered a multibillion-dollar writedown and a rare apology from founder Masayoshi Son. But one analyst argues the deal is likely to...

SoftBank-backed Ola targets IPO process by end-March 2021

INDIAN ride-hailing firm Ola, backed by Japan's SoftBank Group Corp, aims to begin the IPO process by the end of March 2021 and plans to cut its workforce by up to 5 per cent as part of...

SoftBank's second Vision Fund starting life smaller than the first

SOFTBANK Group Corp has quietly completed an initial money-raising push for its second technology fund, at a fraction of its targeted US$108 billion.

WeWork was more black swan than unicorn for SoftBank

[TAIPEI] SoftBank Group Corp's WeWork debacle is unlikely to be repeated. It also means that for the Vision Fund to deliver venture capital-size returns, it'll need to rely on singles and doubles...

WeWork staff, facing job cuts, express outrage at $1.6b payout to founder Adam Neumann

SAN FRANCISCO (BLOOMBERG) - WeWork will narrowly avoid financial ruin and in the process, reward its former leader, Adam Neumann, with as much as US$1.2 billion (US$1.6 billion). The reaction from...

SoftBank offers $13.6b rescue deal for WeWork

Japan's SoftBank Group offered close to US$10 billion (S$13.6 billion) to WeWork owner The We Company, its employees and its investors on Monday under a plan to keep the struggling US office space...

WeWork prefers JPMorgan lifeline to rescue by SoftBank

NEW YORK • WeWork's bankers are pitching investors on what would be one of the riskiest junk debt offerings in recent years - potentially giving the co-working start-up giant's top private...