Uber's food delivery business has surged during the pandemic, making up for losses suffered by its ride-hailing service.
For Takahiko Hyuga's latest contributions to The Japan Times, see below:
The Tokyo-based company’s stock gained more than 3% to ¥7,244, the highest level since March of 2000 in the midst of the dot-com boom.
For Masayoshi Son, creating such a vehicle may give him a new way to invest in nascent companies while tapping the surging public markets for money.
Son trimmed his committed shares by about 14 million to 213 million, according to regulatory filings.
The firm’s position has injected a jolt of uncertainty into the market, with questions about exposure and plans for future trading.
Cuts in Japan by the online hotel operator come as it adapts to a much smaller tourism industry in the wake of the coronavirus pandemic.
Founder Masayoshi Son has made a career out of confounding his doubters, and analysts see plenty of upside to his company's share price despite all its recent troubles.
The moves extend its ongoing effort to downsize internationally as it adapts to a tourism industry crushed by the coronavirus.
Just nine months ago, Masayoshi Son publicly declared Ritesh Agarwal one of the star entrepreneurs backed by his SoftBank Group Corp. The billionaire boasted that Agarwal’s Oyo Hotels & Homes was poised to overtake the biggest hotel chains in the world just a few ...
Last March, months before the meltdown at WeWork, Masayoshi Son worked through the prospects for another one of his favorite portfolio companies — a startup from India called Oyo. In a spacious conference hall at his Tokyo headquarters, the billionaire huddled with lieutenants from the ...