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SoftBank’s Masayoshi Son and Alibaba’s Jack Ma part waysWhile the departures are unlikely to have an impact on either company, they mark the end of an era.- TikTok's parent, ByteDance, launches global hiring spree with 10,000 new jobsLike rival Tencent Holdings Ltd, ByteDance’s social media channels have seen usage spike after the Covid-19 pandemic confined millions of p...
- Virus hit Oyo puts Son's $2 billion guarantee at riskOyo risks turning into another problem startup for SoftBank and Son, still reeling from WeWork's meltdown.
- SoftBank’s big bet on sharing economy backfires with CoronavirusInvestors are increasingly spooked about the stability of Son’s empire and its $100 billion Vision Fund amid the pandemic. Before this week...
- SoftBank CEO faces tougher questions in US after market plungeThe Vision Fund is recovering from a series of stumbles. WeWork’s plan to go public last year imploded, forcing SoftBank to arrange a rescu...
- SoftBank’s Son to pitch US investors under cloud of WeWorkSon, who often goes by the nickname Masa, controls more than a quarter of SoftBank stock through various vehicles, and the company bylaws r...
- SoftBank-backed Brandless shutters less than 2 years after investmentThe closure marks an embarrassing failure for SoftBank, which is struggling with other investments made by its $100 billion tech fund, incl...
- Activist Paul Singer builds close to $3 billion stake in SoftBankSinger’s Elliott Management Corp also wants SoftBank to set up a special committee to review the investment process at its venture capital ...
- SoftBank-backed Oyo lays off thousands across India, ChinaSoftBank-backed Oyo plans to shed another 1,200 in India over the next three to four months, sources said.
- Become profitable, stop gimmicks. SoftBank’s Son gives 'very public lesson' to startup foundersWeWork isn’t SoftBank’s first intervention. Its investment in Uber Technologies Inc. included a deal to block controversial co-founder Trav...
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