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SoftBank Group Corp

SoftBank invests $200mn in Latam cryptocurrency exchange

SoftBank invests $200mn in Latam cryptocurrency exchange

Published 01 Jul, 2021 04:43pm
  • 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.
Mexican used-car startup Kavak hits $4 billion valuation

Mexican used-car startup Kavak hits $4 billion valuation

Published 07 Apr, 2021 06:52pm
  • 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.
SoftBank to lead nearly $1.2bn investment in diagnostics firm Invitae

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

Published 05 Apr, 2021 06:06pm
  • 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.
ByteDance explores sale of Indian TikTok assets to rival firm Glance: Bloomberg

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

Updated 13 Feb, 2021 07:15pm
  • 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.
Nikkei surges

Nikkei surges

Published 20 Jan, 2021 04:29am
TOKYO: Japanese shares closed higher on Tuesday after declining for two consecutive sessions, as investors scooped ...
Japan telco SoftBank bows to government pressure with fee cuts

Japan telco SoftBank bows to government pressure with fee cuts

Published 22 Dec, 2020 10:17am
  • 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.
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