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1 min read
Jack Ma is resigning from SoftBank's board. Here's a look at how the cofounder of Alibaba and the richest person in China built his fortune.
On Monday, the e-commerce billionaire announced that, effective June 25, he will resign from SoftBa…
Madeline Stone,Taylor Nicole …
2 mins read
Tencent and Alibaba Group have lost more than $100 billion in July as China cracked down on internet giants
The storm of regulatory changes — from new protection for workers to enforcement of minimum salari…
1 min read
Alibaba-backed Paytm gets greenlight from India's market regulator to launch stock broking services
Indian fintech unicorn Paytm’s subsidiary – Paytm Money has received approval from Securities &…
1 min read
SoftBank will cut investments in Chinese startups as it awaits more regulatory clarity
"Until the situation is clearer we want to wait and see," CEO Masayoshi Son said. "In a year or two…
Isabelle Lee
2 mins read
Uber slides 4% on report SoftBank will shed a third of its stake in the ride-hailing app
China's recent crackdown on ride-hailing app Didi has reportedly cost SoftBank, its largest shareho…
Shalini Nagarajan
2 mins read
Watch Masayoshi Son get in the groove as Softbank’s ‘golden goose eggs’ followed his famous unicorn slide
Over the years, it’s not just SoftBank’s earnings reports that everyone waits for but also its foun…
2 mins read
Paytm’s losses increased exponentially in FY18 thanks to advertising, personnel costs
The company seems to be looking at a broader aspect of growth since it has launched a mobi…
3 mins read
Alibaba will make $730 million from Paytm IPO, Vijay Shekhar will earn $54 million
One 97 Communications — the parent company of digital payments giant Paytm — will launch its initia…
2 mins read
Paytm Mall completes $450 million funding round from Softbank and Alibaba
The investment, which was announced in April 2018, was completed in four tranches, with ₹26 bi…
2 mins read
Warren Buffett's Berkshire Hathaway could bag a 60% profit when Paytm goes public
The billionaire investor's company plans to sell at least some of its 2.8% stake in Paytm when the …
Theron Mohamed
4 mins read
‘Iron Man’ Vijay Shekhar Sharma put his own money on the line to launch Paytm — and ten years later the company is ready to go public
Vijay Shekhar Sharma is not a man to be trifled with and he’s proven that time and again with the s…
1 min read
Alibaba is not buying Snapdeal
Earlier, reports about Alibaba buying Snapdeal surfaced and it was said that the Chinese e-commerce…
1 min read
Digital payment firm Paytm gets a green signal from company's board to raise ₹22,000 crore via initial public offer
"The board of directors of Paytm has given in-principle approval for the mega IPO planned to …
PTI
3 mins read
Softbank-backed Paytm fast tracks IPO plan a year into the pandemic — a $3 billion fundraising could be the biggest market debut in India
Paytm, one of the leading digital payments providers in India, is eyeing a bumper ₹21,000 crore ($3…
2 mins read
Top 10 scary quotes from Masayoshi Son during the SoftBank earnings call
Despite his best attempt to put up a brave front, a lot of what Son said about the future of Sof…
2 mins read
SoftBank Vision Fund 2 fails to raise new funds — Masayoshi Son says the company will now use its own money for investments
“The performance of Softbank Vision Fund 1 is not that great, therefore we decided to invest our…
3 mins read
'The last person I felt this with was Jack Ma' - SoftBank's Masayoshi Son reportedly compared WeWork's Adam Neumann to Alibaba's founder
Son and Neumann's relationship began at an event called Startup India in January 2016, Fast Company…
Theron Mohamed
3 mins read
Masayoshi Son says AWS and Microsoft will buy more chipsets from the SoftBank Vision Fund-backed Arm, and not Intel
Out of the 88 companies that the SoftBank Vision Fund 1 has invested in, Son assumes that as man…
6 mins read
Masayoshi Son’s best bet for future profit is PayPay in Japan — built on Vijay Shekhar Sharma’s Paytm model in India
And now, the Japanese billionaire has chalked out a plan to hit 1 trillion yen (over $9 billio…
2 mins read
Softbank's $9 billion net loss last year has a lot to do with Uber and WeWork
The Softbank Vision Fund had $75 billion invested in 88 startups but they were worth 7% less in…