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Retail Asia07/09/2022

SoftBank Group is in talks to invest $35 million in Indian car service and repair firm GoMechanic, in what would be one of the Japanese investor’s smallest bets in India by its Vision Fund, which typically signs bigger cheques, two sources told Reuters. SoftBank has for years been a prominent backer of Indian startups, investing […]

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Retail Asia31/05/2022

Neso Brands, a subsidiary of eyewear manufacturer Lenskart, has raised $100 million in a seed funding round, which will enable the firm to create a house of brands catering to the global market. The company did not divulge the details of the investors involved. However, Lenskart, which owns Singapore-headquarted Neso, has earlier raised large sums […]

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Retail Asia12/05/2022

SoftBank Group Corp. reported on Tuesday a 97 percent tumble in quarterly profit and the collapse of a deal to sell chip designer Arm worth over $60 billion, mounting pressure on the Japanese conglomerate to support its sagging shares.SoftBank reported that it had squeezed out a net profit of 29 billion yen ($251 million) in […]

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Retail Asia04/10/2021

Japanese sports fans will be able to enjoy more premium sports content as SoftBank Corp. (SoftBank), a leading telecom carrier in Japan, has partnered with SES for the aggregation and delivery of live sporting events to its corporate customers, such as TV stations and video distribution companies, SES announced. Under the new agreement, SES, via […]

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Retail Asia01/07/2021

Chinese grocery app Dingdong, backed by SoftBank Vision Fund 2, raised about $95.69 million in its US initial public offering (IPO) on Tuesday after slashing the size of the IPO to almost a fourth of its earlier target. Dingdong sold more than 4 million American depositary shares (ADSs) priced at $23.5 apiece, the lower end […]

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Retail Asia10/06/2021

U.S. food delivery firm DoorDash, which is backed by SoftBank Group, announced the launch of services in Japan on Wednesday, joining an increasingly crowded market that has grown during the COVID-19 pandemic. Services will be initially limited to the city of Sendai in Miyagi prefecture, the money-losing delivery firm told reporters, in a step that […]

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Retail Asia13/05/2021

Softbank founder Masayoshi Son spoke out about the adoption of Bitcoin, underlining that uncertainty remained for the top cryptocurrency. Softbank was the latest global firm to share its views on the popularity of Bitcoin and the potential adoption of the cryptocurrency. There’s a lot of discussion over if it’s a good thing or a bad […]

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Retail Asia25/03/2021

Qualcomm Technologies, Inc. announced that SoftBank Corp. has launched its 5G millimeter (mmWave) service in Japan – using devices based on Qualcomm® Snapdragon™ 5G Mobile Platforms and Modem-RF Systems. 5G mmWave allows Japanese users to enjoy the fastest possible multi-Gigabit download speeds in the country. Along with the launch, SoftBank is making the “Pocket WiFi […]

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Retail Asia12/03/2021

Coupang LLC, South Korea’s largest e-commerce company, raised $4.2 billion in the biggest share offering in the United States this year after selling stocks in the IPO above its deal target range, people familiar with the matter said. The initial public offering price of $35 apiece, higher than the marketing range $32-$34 per share, gives […]

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Retail Asia16/02/2021

South Korean e-commerce giant Coupang, backed by Japan’s SoftBank Group Corp, on Friday filed to go public on the New York Stock Exchange, hoping to cash in on strong demand for high-growth tech stocks as it reported a near-doubling of annual revenue and narrowing losses. Coupang is aiming for a valuation of around $50 billion […]

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Retail Asia26/06/2020

Back in July 2013, the battle between SoftBank and Dish Network over Sprint was won by SoftBank as the latter paid $21.6 billion for 78% of the company. Over time, SoftBank hiked its stake to 80% of Sprint and when T-Mobile closed on its purchase of Sprint on April 1st, SoftBank ended up with 304.6 […]

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Retail Asia25/03/2020

SoftBank Group Corp is close to finalizing a deal to lead a $300 million investment in the autonomous driving unit of Didi Chuxing, news website The Information reported on Monday, citing people with knowledge of the situation. Earlier on Monday, SoftBank said it plans to raise as much as $41 billion to buy back shares […]

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Retail Asia02/01/2020

Indian omni-channel eyewear retailer Lenskart has raised an investment of US$275 million from SoftBank Vision Fund. Several of the firm’s existing investors sold their stake in the business during the latest Series-G financing round. The new funding has lifted the firm’s total investments to date to $456 million, leaving Lenskart with a valuation of more […]

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Retail Asia05/12/2019

The alliance between the two Japanese companies is estimated to be worth $30 billion and is expected to be concluded by October next year. The merger’s combined revenue could see it totaling $11 billion, easily surpassing its domestic competitor Rakuten. Tech analysts have lauded the merger, stating that this agreement would give Z Holdings and […]

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Retail Asia29/11/2019

SoftBank Group is in talks to get as much as 300 billion yen ($2.76 billion) in financing from three banks. Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group are currently in discussions with the investment company about its loans, various media reported. We are evaluating our options flexibly while considering cash […]

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Retail Asia28/11/2019

SoftBank Group is in talks to get as much as 300 billion yen ($2.76 billion) in financing from three banks. Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group are currently in discussions with the investment company about its loans, various media reported. We are evaluating our options flexibly while considering cash […]

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Retail Asia26/11/2019

The alliance between the two Japanese companies is estimated to be worth $30 billion and is expected to be concluded by October next year. The merger’s combined revenue could see it totalling $11 billion, easily surpassing its domestic competitor Rakuten. Tech analysts have lauded the merger, stating that this agreement would give Z Holdings and […]

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Retail Asia21/10/2019

As an existing supplier of multiple technologies to SoftBank, Nokia’s selection for 5G Radio re-enforces the strong relationship between the two companies, as SoftBank turn to Nokia’s end to end portfolio for 5G. Nokia’s 5G AirScale supports multiple frequencies, in both distributed and centralized architectures, giving SoftBank tremendous flexibility in its network evolution. Nokia’s 5G […]

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Retail Asia10/10/2019

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Goldman Sachs Group aims to offload a portion of its stake in a $3.1 billion credit line to SoftBank Group Corp’s Vision Fund which it helped arrange. The U.S. lender has approached other financial institutions to take on some of its lending commitment to decrease its risk, quoting people with knowledge of the matter. The bridge […]

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Retail Asia01/10/2019

SoftBank has reportedly agreed to double its stake in Brazilian online lender Banco Inter in the midst of the Japanese giant’s ongoing buying spree in Latin America. The deal will include acquiring stakes from controlling family members of the bank, unnamed sources said, adding that Banco Inter CEO Joao Vitor Menin, who owns 5.4 percent, isn’t […]

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