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 ...

Paul Singer earned his reputation as a take-no-prisoners brawler by challenging the interests of Argentina's government and South Korea's family businesses. With his latest investment, though, the American activist investor appears to be taking a more collaborative approach. Singer's Elliott Management Corp. took a stake ...

Masayoshi Son's bankers are taking a hard look at their most important client. After the costly rescue of office-sharing startup WeWork and a series of other high-profile setbacks for Son, senior executives at two of Japan's biggest banking groups have said privately they've grown less ...

SoftBank Group Corp.'s massive investment in WeWork triggered a multibillion-dollar write-down and a rare apology from founder Masayoshi Son. But one analyst argues the deal is likely to work in the end and SoftBank will have the "last laugh." Chris Lane of Sanford C. Bernstein ...

Uber Technologies Inc.'s strategy for Japan, where ride-sharing is banned, is as unique as the country itself — think grandma in running shoes delivering ramen noodles. Chief Executive Officer Dara Khosrowshahi was in Japan last week to stress the importance of the market, where the ...

For Japan's growing flood of foreign tourists, one of the top internet search terms is onsen, the traditional hot springs where travelers have soaked since the days of the samurai. Now some of the world's oldest businesses are attracting big new money. Private equity funds ...

Yuzo Kano is trying to build a global cryptocurrency powerhouse, one former financier at a time. The Goldman Sachs Group Inc. alumnus, who turned bitFlyer Inc. into Japan's largest bitcoin exchange, is scooping up traders and bankers from both his old employer and former rivals ...