Business / Corporate Dec 13, 2019

SoftBank-backed OneConnect sees valuation tumble in U.S. IPO

Ping An Insurance Co.'s OneConnect Financial Technology said Thursday it raised around $312 million in its U.S. initial public offering, valuing the company at around $3.7 billion. OneConnect sold 31.2 million American depositary shares (ADS) at $10 each. Earlier this month, it had aimed to ...

Japanese flamenco dancer capturing the hearts of Londoners

General Dec 10, 2019

Japanese flamenco dancer capturing the hearts of Londoners

Nanako Aramaki, the only professional flamenco dancer from Japan performing in London, has been winning hearts with her brilliant dance steps on stage while also working as an employee of a telecommunications-related company. One recent Sunday evening, the 36-year-old started dancing to a festive Sevillana ...

KDDI and Facebook to jointly develop 5G services in Japan

Business / Tech Nov 26, 2019

KDDI and Facebook to jointly develop 5G services in Japan

KDDI Corp. and social media giant Facebook Inc. will jointly develop services to be provided through a 5G network in Japan, according to informed sources. They aim to offer smartphone users a product sales system utilizing augmented reality by taking advantage of the massive data ...

Fear of GAFA said to be behind Yahoo Japan-Line merger

Business / Corporate Nov 25, 2019

Fear of GAFA said to be behind Yahoo Japan-Line merger

A sense of crisis about the strength of Amazon.com, Apple and other information technology giants apparently hurried Line Corp. and Yahoo Japan parent Z Holdings Corp. into arranging their merger, which will create Japan's biggest internet services group. But it will not be easy for ...

SoftBank to go ahead with WeWork stock tender offer this week

Business Nov 25, 2019

SoftBank to go ahead with WeWork stock tender offer this week

SoftBank Group Corp. will this week launch a previously agreed tender offer for as much as $3 billion of WeWork shares, including up to $970 million owned by the office sharing company's cofounder, Adam Neumann, two people familiar with the matter said. The tender offer ...

WeWork to lay off 2,400 employees globally in SoftBank revamp

Business Nov 22, 2019

WeWork to lay off 2,400 employees globally in SoftBank revamp

WeWork said on Thursday it is laying off around 2,400 employees globally, as the office-sharing company seeks to drastically cut costs and stabilize its business after it transformed from a Wall Street darling into a pariah in a matter of weeks. The long-anticipated layoffs are ...