Masayoshi Son

Startups, Entrepreneurs, Digital economy

SoftBank forecasts record losses as start-up bets backfire

“This is looking more and more like the perfect storm for SoftBank...The question is whether there is more to come.”

Startups, Entrepreneurs, Digital economy

Masayoshi Son's bankers are worried about their favourite client

(Dec 16): Masayoshi Son’s Japanese bankers are taking a hard look at their most important client.

Company in the news

SoftBank falls as Son says business as usual after record loss

SINGAPORE (Nov 11): Masayoshi Son wants investors to believe that a record loss from investments in money-losing start-ups WeWork and Uber Technologies is but a bump in the road. Some are not buying it.

Company in the news

Son desperately needs that second US$100 bil

SINGAPORE (Nov 11): SoftBank Group Corp chairman Masayoshi Son is in the kind of pickle that even Jamie Dimon cannot get him out of.

Startups, Entrepreneurs, Digital economy

SoftBank reveals US$6.5 billion loss from Uber, WeWork turmoil

(Nov 6): Masayoshi Son is finally disclosing the damage from SoftBank Group Corp’s bets on WeWork and Uber Technologies Inc.

Disruption and Digitalisation

SoftBank to invest US$2 bil through Grab to grow Indonesia's digital infrastructure

(July 29): SoftBank will invest the US$2 billion ($2.7 billion) over five years through Grab to help accelerate the development of Indonesia’s digital infrastructure.

Tech

Klook concludes US$425 mil series D funding with SoftBank-led round

SINGAPORE (April 9): Klook, the Hong Kong-based travel booking platform today announced the completion of its US$425 million ($575.3 million) series D funding after it raised over US$225 million in a series D+ round.

M&A

Swiss Re in talks to sell stake to SoftBank; deal said worth US$10 bil

TOKYO (Feb 8): Swiss Re said it is in preliminary talks to sell a minority stake to SoftBank Group - a deal that reportedly could be worth US$10 billion ($13.3 billion) or more, in what would be the Japanese firm's biggest financial services deal to d

Tech

The Son rises once more

SINGAPORE (Nov 24): In February 2000, Masayoshi Son briefly became the richest man in the world, overtaking Microsoft co-founder Bill Gates.

Update

Grab gets US$2 bil from SoftBank, Didi to fight Uber in Asia

(July 24): Grab raised US$2 billion ($2.7 billion) from Didi Chuxing and SoftBank Group Corp. in the largest–ever venture fundraising in Southeast Asia, joining forces with two companies instrumental in driving Uber Technologies Inc. out of China.
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