Search Results for:Pavel Alpeyev
The Japanese technology conglomerate plans to sell 1.6 billion shares at 1,500 yen apiece, valuing the business at 7.18 trillion yen ($62.9 billion).
SoftBank reported second-quarter profit that far exceeded the highest analyst estimate largely because of multi-billion dollar gains on a handful of his many deals.
Cashless payments accounted for just 20% of total consumer spending in Japan during 2016, compared with 60% in China and 89% in S Korea.
With the growing backlash against Saudi Arabia over the murder of government critic Jamal Khashoggi, SoftBank Group Corp. faces tough decisions in its relationship with the kingdom.
While a growing list of business leaders have withdrawn from the event, the Japanese conglomerate is one of the kingdom’s closest partners and founder Masayoshi Son is on the conference’s advisory board.
The Japanese conglomerate and its Vision Fund invested $4.4 billion in WeWork last year and put in an additional $1 billion in August in the form of a convertible note.
Altaba is Yahoo Japan’s second-largest shareholder with a 23.9 percent stake, trailing only SoftBank Group Corp.
The new mobile business, slated for debut next year, will tie together the company’s disparate portfolio of about 80 different services.
Corporate Japan has a reputation for long hours, small salaries and no Silicon Valley-style stock options, but the country is also having a kind of renaissance that’s making it easier to recruit global talent.
The SoftBank founder oversees the largest technology fund in history and is putting money into ride-hailing, e-commerce, digital payments, satellites, semiconductors, agriculture and cancer detection – just for a start.