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SoftBank Group Corp

Japan’s Nikkei dips as techs track US peers lower; BOJ meet in focus

TOKYO: Japan’s Nikkei share average dipped on Friday, as heavyweight technology shares tracked their US peers lower,...

Published 15 Mar, 2024 09:59am

Technology

SoftBank gets $7.6bn T-Mobile stake windfall, shares soar

TOKYO: SoftBank Group Corp said it would receive shares in telco T-Mobile US worth some $7.59 billion at no...

Published 27 Dec, 2023 10:34am

Business & Finance

SoftBank-backed Arm reveals revenue decline in US IPO filing

SAN FRANCISCO: SoftBank Group Corp’s Arm Holdings Ltd reported a 1% fall in annual revenue due to a slowdown in...

Published 28 Aug, 2023 06:27am

Markets

Japan’s Nikkei falls 2% as Advantest, Tokyo Electron slump

TOKYO: Japan’s Nikkei stock average ended 2% lower on Friday, as chip-related heavyweights Advantest and Tokyo...

Updated 25 Aug, 2023 12:30pm

Business & Finance

SoftBank in talks to buy Vision Fund’s 25pc stake in Arm

NEW YORK: SoftBank Group Corp is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision...

Updated 14 Aug, 2023 06:56am

Business & Finance

SoftBank shares jump 5% amid AI chip frenzy

TOKYO: Shares in SoftBank Group Corp jumped 5% in early trading in Tokyo as the tech investing conglomerate, which...

Published 02 Jun, 2023 10:56am

Markets

Japan’s Nikkei closes at 32-year high as US default fears ease

TOKYO: Japanese stocks rose on Friday, with the benchmark Nikkei index closing at a three-decade high, after US...

Updated 02 Jun, 2023 12:07pm

Markets

SoftBank shares jump on Alibaba split-up plans

TOKYO: Shares in SoftBank Group Corp soared on Wednesday after Chinese e-commerce conglomerate Alibaba Group, in...

Published 29 Mar, 2023 12:05pm

Business & Finance

SoftBank sells 4.5% stake in India’s Paytm for $200mn

SYDNEY/MUMBAI: SoftBank Group Corp on Thursday sold a 4.5% stake in Indian digital payments giant Paytm through...

Published 17 Nov, 2022 12:23pm

Business & Finance

Japan’s SoftBank books hefty Vision Fund loss but returns to quarterly profit

TOKYO: Japan’s SoftBank Group Corp announced a hefty loss at its Vision Fund investment arm for the third straight...

Published 11 Nov, 2022 12:03pm

Business & Finance

Storm clouds gather at SoftBank Group as valuations slide

TOKYO: Storm clouds hang over SoftBank Group Corp as it prepares to report third-quarter earnings on Tuesday, with...

Published 04 Feb, 2022 11:59am

Business & Finance

SoftBank in talks to sell French robotics business

TOKYO: SoftBank Group Corp is in talks to sell the Paris-based robotics business behind its Pepper android to...

Published 23 Oct, 2021 04:01am

Technology

SoftBank, Amazon, Accel invest $108mn in banking platform Pismo

SAO PAULO: Brazilian banking and payments tech platform Pismo raised $108 million in an investment round led by...

Published 19 Oct, 2021 04:32pm

Technology

SoftBank Q1 performance seen buoyed by China IPOs; crackdown clouds outlook

The group reported a record $37 billion net profit in the financial year ended March due in large part to outsized gains from a stake in South Korean e-tailer Coupang Inc

Published 30 Jul, 2021 11:06am

Business & Finance

SoftBank invests $200mn in Latam cryptocurrency exchange

The SoftBank capital raise comes at a time when investor sentiment on cryptocurrencies has soured amid regulatory crackdowns in China, Britain and Japan.
Mercado Bitcoin will use the funds to scale its operations, expand offerings, and invest in infrastructure to meet rising demand for crypto in the region, 2TM said in a statement.

Published 01 Jul, 2021 04:43pm

Business & Finance

SoftBank-backed Doordash enters Japan

Services will be initially limited to the city of Sendai in Miyagi prefecture.

Published 09 Jun, 2021 12:57pm

Singapore’s Grab to go public in world’s biggest $40b SPAC merger

SINGAPORE: Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger on...

Updated 14 Apr, 2021 10:11am

Business & Finance

Mexican used-car startup Kavak hits $4 billion valuation

Kavak, which was founded in 2016 and is backed by Japan's SoftBank Group Corp, became Mexico's first tech "unicorn" last October when it reported a valuation of more than $1 billion.
The new capital injection will help Kavak, an online platform for buying and selling secondhand cars operating in Mexico and Argentina, launch in Brazil in the next couple of months, Chief Executive Carlos Garcia said.

Published 07 Apr, 2021 06:52pm

Business & Finance

SoftBank to lead nearly $1.2bn investment in diagnostics firm Invitae

It said the investment, to be used for its growth initiatives, will be in convertible senior notes, which will bear 1.5% interest per year.
The company said the notes will have an initial conversion price of $43.18 per share of its common stock, representing a premium of 10.2% to Invitae's closing price on Friday.

Published 05 Apr, 2021 06:06pm

Business & Finance

SoftBank-backed Coupang raises $4.2 billion in US IPO

The company's shares will begin trading on the New York Stock Exchange on Thursday under the symbol "CPNG."

Published 11 Mar, 2021 11:44am

Business & Finance

SoftBank Vision Fund set for new portfolio champion with Coupang IPO

Analysts see Coupang's $50 billion valuation as feasible given its first-mover status and as it expands beyond replacing brick-and-mortar retail with a rising number of online channels.

Published 22 Feb, 2021 12:29pm

Technology

ByteDance explores sale of Indian TikTok assets to rival firm Glance: Bloomberg

Glance's parent, mobile advertising technology firm InMobi, also owns short-video app Roposo that has gained in popularity after TikTok was banned by the Indian government in July last year.
SoftBank is a backer of InMobi Pte as well as TikTok's Chinese parent, ByteDance, the report added.

Updated 13 Feb, 2021 07:15pm

Business & Finance

SoftBank-backed Coupang reveals revenue surge ahead of US IPO

In its filing, Coupang said 2020 total revenue jumped 91% to $11.97 billion from a year earlier, and net loss narrowed to $474.9 million from $698.8 million in the same period.

Published 12 Feb, 2021 08:00pm

Business & Finance

SoftBank to invest $900mn in gene sequencing firm Pacific Biosciences

Pacific Biosciences' stock has risen more than nine-fold in the last 12 months and has a market value of $7.4 billion.
SB Management, a unit of SoftBank Group Corp, will make the investment in convertible senior notes.

Published 10 Feb, 2021 08:29pm

Business & Finance

SoftBank's Son hails 'golden eggs' as Vision Fund rallies

Reported unrealised gain of $10.7 bln in Doordash.
Almost half of VF1 portfolio listed or exited.
SB Northstar reported $2.7 bln derivative loss.
Unit's stakes include TSMC ADRs.

Updated 08 Feb, 2021 10:01pm

Markets

SoftBank ties up with Iris Ohyama to recharge robotics ambitions

The joint venture, Iris Robotics, offered an ambitious forecast of 100 billion yen ($965 million) in sales by 2025, but provided little detail on future products at a press conference.

Published 27 Jan, 2021 01:28pm

Markets

Nikkei surges

TOKYO: Japanese shares closed higher on Tuesday after declining for two consecutive sessions, as investors scooped ...

Published 20 Jan, 2021 04:29am

Technology

Japan telco SoftBank bows to government pressure with fee cuts

The announcement, which follows pressure from Prime Minister Yoshihide Suga to reduce fees, marks a shift from offering low-price plans on its budget Ymobile brand while pushing consumers seeking the latest phones or more data onto expensive tariffs.

Published 22 Dec, 2020 10:17am

Business & Finance

Hyundai Motor chief, units to buy Boston Dynamics from SoftBank

The deal is the latest pullback by SoftBank from operating businesses as CEO Masayoshi Son focuses on investing.

Published 11 Dec, 2020 10:19am

Markets

Nikkei ends at near 30-year high on recovery hopes, upbeat machinery data

Machinery companies Komatsu, SMC Corp and Fanuc Corp climbed between 2.27% and 2.98%.

Updated 09 Dec, 2020 05:46pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 19	278.45
USD PKR Interbank Buying / Apr 19	278.15
USD to Japanese Yen / Apr 19	154.37
USD to Swiss Franc / Apr 19	0.91
Pound Sterling to USD / Apr 19	1.24
Euro to USD / Apr 19	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
Nasdaq / Apr 18	15601.50
Dow Jones / Apr 18	37775.38
India Sensex / Apr 19	72222.48
Tokyo Nikkei / Apr 19	37068.35
Hang Seng / Apr 19	16205.02
FTSE 100 / Apr 19	7834.89
Germany DAX 30 / Apr 19	17717.67

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Crude Oil USD/Barrel / Apr 19	84.27
Gold Spot USD/Ounce / Apr 19	2382.04
Cotton US¢/pound / Apr 19	80.67
Petrol/Litre / Apr 20	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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