Business / Corporate Aug 5, 2020
SoftBank backs 29-year-old’s venture aiming to become Netflix for fiction
by Sohee Kim
Radish’s growing stable of in-house soap-opera scriptwriters conceive new episodes in various genres every four or six hours.
Business / Corporate Aug 4, 2020
SoftBank Group failed to declare ¥40 billion in taxable income in fiscal '18
No additional taxes were levied as the underreported income was offset by losses in the fiscal year, sources said.
Business / Corporate Aug 3, 2020
SoftBank-backed Oyo merging Japan units and appointing new CEO
The reorganization involves Oyo’s hotel-booking and apartment-rental units coming together into a single company called Oyo Japan, to be led by Ryoma Yamamoto as CEO.
Business / Corporate Jul 29, 2020
SoftBank Group launches PCR testing firm to boost test availability
SoftBank Group Corp. announced Wednesday that it has launched a subsidiary that will conduct polymerase chain reaction (PCR) coronavirus tests using saliva, with the aim of providing more tests at a lower cost. To start, SoftBank said it will conduct the tests on its employees ...
Business / Corporate Jul 24, 2020
Nvidia eyes largest-ever chip deal in pursuit of SoftBank’s Arm
Arm Ltd., the chip designer that’s one of SoftBank Group Corp.’s most prized holdings, is attracting takeover interest from Nvidia Corp. in what could become the largest-ever semiconductor deal, people with knowledge of the matter said. Nvidia, the world’s largest graphics chipmaker, made an approach ...
Business / Corporate Jul 21, 2020
Ministry review likely to spell end of Japan mobile carrier change fees
Companies currently collect a fee of ¥3,000 for a carrier change using the mobile number portability system.
Business / Corporate Jul 14, 2020
SoftBank exploring sale or IPO of chip company Arm, sources say
by Giles Turner and Sarah Mcbride
If it pursues a listing, the chip-design company could go public as soon as next year, accelerating a timeline laid out by SoftBank founder Masayoshi Son in 2018.
Business / Corporate Jul 13, 2020
After 133% rally, SoftBank investors bet there’s more to come
by Gearoid Reidy, Min Jeong Lee and Takahiko Hyuga
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.
Business / Corporate Jul 10, 2020
SoftBank’s Masayoshi Son defies critics to engineer record fortune
It is the first time the 62-year-old’s fortune has topped $20 billion since January 2013, when the Bloomberg Billionaires Index first started tracking his wealth.
Business / Corporate Jul 8, 2020
SoftBank-backed DCM eyes China startups with $880 million fund
by Lulu Yilun Chen and Selina Wang
David Chao, a venture capitalist who has been on the ground floor of Asian companies worth a combined $206 billion, has raised money for a new fund with a China focus, a sign that rising U.S.-China tensions aren’t turning off foreign investors. DCM Ventures, which ...