SoftBank news and archive

SoftBank posts Q2 net profit after Alibaba share sales

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...

BusinessFeatured

US activewear brand Vuori valued at 4 billion dollars following SoftBank investment

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...

Business

Indonesia's Tokopedia raises 1.1 billion USD from top investors

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...

BusinessFeatured

SoftBank to sell part of stake in China's Alibaba for 7.9 billion US dollars

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...

Business

SoftBank to increase stake in Snapdeal

After its last funding round of 627 million dollars (over Rs 3,800 crores) in leading marketplace model Snapdeal, Japan’s SoftBank Group is planning to increase its stake in the company to more than 38 percent from the current 33 percent. Sources claim that Independent Director on the board Akhil Kumar Gupta, a senior executive at Bharti...

Retail

SoftBank eyes investments in more Indian startups

Japan's SoftBank, which recently announced its plans to make heavy investments in India’s e-commerce market, has invited three Indian startups to Tokyo later this month seeking to negotiate deals that could lead to a round of funding. The companies include online furniture retailer Urban Ladder, fashion portal Yepme and low-cost tablet maker...

Business

Japan’s SoftBank eyes big ticket investment in Snapdeal

Japanese telecom and internet giant SoftBank has announced its intent of making huge investments of about 10 billion dollars (around Rs 60,000 crores) in India over the next few years. The first round of investment is expected to commence when Masayoshi Son, the Chairman and Founder of 92 billion dollars (over Rs 5,64,600 crores) conglomerate...

Apparel

Japan’s SoftBank eyes big ticket investment in Snapdeal

Japanese telecom and internet giant SoftBank has announced its intent of making hugeinvestments of about 10 billion dollars (around Rs 60,000 crores) in India over the next few years. The first round of investment is expected to commence when Masayoshi Son, the Chairman and Founder of 92 billion dollars (over Rs 5,64,600 crores) conglomerate...