British financial-services firm Greensill Capital has filed for insolvency protection. The firm is backed by a fund run by Japan's SoftBank Group. Greensill provides supply-chain financing. That means it makes cash advances on behalf of corporate clients so they have more time to pay their bills.
To put that in context, market leader Hero MotoCorp produces around 6.5 million two-wheelers annually and roughly 22-25 million traditional two-wheelers with internal combustion engines are sold in India every year. SoftBank-backed unicorn Ola Electric, which was set up in 2017, is the electric vehicle (EV) arm of transportation platform Ola (ANI Technologies Pvt Ltd).
The Real Deal reported this week that "the battle between WeWork and SoftBank is over." The coworking company sued SoftBank in the Delaware Court of Chancery after SoftBank Group backed out of purchasing $3 billion worth of WeWork stock from investors. This week, WeWork and Adam Neumann reached a deal with SoftBank.
SoftBank said on Friday that Katsunori Sago, its chief strategy officer who was viewed as a potential successor to founder Masayoshi Son, will resign after less than three years at the technology conglomerate.
Hello and welcome back to Equity, TechCrunch's venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Danny and Alex and Grace were all here to chat through the week's biggest tech happenings. It was yet another crazy week, but did our best to get through as ...
Supply chain finance giant Greensill Capital is expected to file for insolvency in the UK, and its parent company in Australia has already filed for insolvency there, after its credit insurers refused to renew $4.6 billion in credit insurance policies on March 1.
China's transportation ministry, on Friday, reprimanded ride-hailing giant Didi Chuxing for infringing its drivers' rights, urging it to rectify some of its business activities to ensure the safety and stability of the industry.
TOKYO (Reuters) - SoftBank Group's chief strategy officer, Katsunori Sago, will resign at the end of March, the company said on Friday. Sago, a Goldman Sachs alumnus and former chief investment officer of Japan Post Bank Co where he was one of
Can Masayoshi Son restart 2021 with a clean slate and re-emerge as the premier venture capitalist? The jury is out.Even if its stock price has hit dot-com bubble levels, there are aging unicorns hanging around in its Fund. Also, SoftBank's attempt to ride the SPAC boom comes across as flawed.
Japan's Z Holdings, the newly formed SoftBank-backed internet group, is seeking a transformative deal to reshape the social media landscape the way Google and Facebook did in buying YouTube and Instagram.
SoftBank's internet subsidiary Z Holdings (ZHD), which operates Yahoo Japan's search engine and eCommerce services, is on the hunt for a deal that would redefine the social media landscape in Japan, the Financial Times reported on Thursday (March 4).
SoftBank aims to double user numbers at its PayPay QR code payment app in the next three to four years, an executive at its domestic internet subsidiary Z Holdings told Reuters on Wednesday, as it seeks to extend its lead in cashless payments.
TOKYO -- The former president of a cell phone sales agency has been arrested on suspicion of violating the Unfair Competition Prevention Act by stealing mobile carrier Softbank customers' bank account details, sources connected to the investigation told the Mainichi Shimbun.
SoftBank's internet business Yahoo Japan has completed its merger with Japanese chat app Line, the affiliate firm of South Korean internet portal Naver. The joint venture is valued at US$30 billion and aims to take on rivals such as Rakuten. The merger deal was announced in November 2019.
NY, USA, February 28, 2021 / EINPresswire.com/ -- SoftBank (UK) made an investment of millions of dollars in ZT recently. It was also the first investment project of SoftBank (UK) in the layout of the blockchain industry.
announced a settlement of a legal dispute with WeWork founder Adam Neumann that should clear the way for the short-term real-estate rental company to finally reach the public market, likely via a merger with a SPAC, or special- purpose acquisition company.
ACV Auctions, the wholesale auto auction site backed by SoftBank, has filed to go public. ACV said it was seeking to raise $100 million with its initial public offering. That will likely change with future filings. The company didn't say how many shares it would sell or their price ranges, information that is expected to be disclosed later.
"I believe this technology (5G) will also help India grow faster. I also believe at the same time that 5G if you combine it with IoT, it will become m..
Fanatics Inc, the world's biggest licensed sports merchandise retailer, said on Thursday it was expanding into China via a venture with private equity firm Hillhouse Capital Group, as the e-commerce platform considers a possible public listing. Fanatics, the Softbank-backed firm with annual revenue that exceeds $3 billion, is betting on what it sees as untapped demand in China for sports equipment and clothing.
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