Sam Nussey
Stories by Sam Nussey
SoftBank’s shares jump 20% on buyback announcement
Masayoshi Son's foray into investing in late-stage startups via SoftBank's Vision Fund has hammered the firm's shares.
SoftBank-backed CloudMinds blocked from exporting US tech to China
This comes just when the company is wooing investors for a proposed U.S. initial public offering (IPO).
SoftBank-backed Korean ride-hailer Tada fights for survival amid crackdown
South Korea restricts ride-hailing to only licensed taxis and bans the use of private cars for the purpose.
Anti-trust officials raid Japanese e-commerce giant Rakuten offices
The move follows complaints from online merchants about the company’s free shipping policies.
SoftBank set for sharp quarterly profit drop amid pressure from Elliott
Activist investor Elliott has amassed almost $3billion worth stake in SoftBank.
Japanese telco SoftBank posts 15% rise in third-quarter profit
SoftBank raised its full-year operating profit forecast to 900 billion yen ($8.19 billion) from 890 billion yen previously.
SoftBank-backed CloudMinds slashes workforce amid cash burn
Around 175-225 people are being laid off among CloudMinds' around 700-strong workforce in China.
Japan’s flea market operator Mercari buys payments app Origami
The Origami deal comes as Mercari looks to make headway in the US, where it competes with eBay and Craigslist.
SoftBank’s talks to secure $3b from Japanese banks said to hit roadblock
This complicates SoftBank's $9.5 billion rescue package for WeWork.
India’s Oyo says SoftBank-controlled Yahoo Japan exits Japanese venture
Oyo has bought back the shares held by Yahoo Japan in Oyo Life.
