Monday, 25 May 2020

Tag Archives: SoftBank

Alibaba’s Jack Ma resigns from SoftBank board

TOKYO: SoftBank Group Corp said that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son. The departure of Ma, who retired as Alibaba’s executive chairman in September, comes as he pulls back from formal business roles to focus ...

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SoftBank Group forecasts $7-b full-year net loss

TOKYO: Struggling Japanese conglomerate SoftBank Group on Monday forecast a $7-billion net loss for the year ended March due to the negative impact of coronavirus and losses related to WeWork. The telecoms and investment giant, led by flamboyant entrepreneur Masayoshi Son, also said in a surprise press release it expected ...

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Yahoo Japan agrees to merge with Line Corp

TOKYO: Yahoo Japan, which is controlled by SoftBank, agreed to merge with Japanese messaging app operator Line Corp., which is controlled by Naver Corp. The combined company would be worth around $30 billion. This will create Japan’s largest internet services company by revenue and gives it scale to better compete ...

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Honda to invest $2.75bn in General Motors self-driving unit

WARREN: Honda Motor Co Ltd will invest $2.75 billion in General Motors Co’s Cruise Automation, the second outside multibillion-dollar commitment to the self-driving vehicle unit this year and an affirmation of the U.S. automaker’s strategy for the emerging technology. Honda, which has lagged behind many of its rivals in developing ...

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