SoftBank Group

SoftBank Group

A multinational conglomerate holding company investing in businesses and technologies.

SoftBank Group is a multinational conglomerate holding company investing is business and technologies that is headquartered in Tokyo, Japan and was founded in 1981 by Masayoshi Son. The companies global portfolio consists of companies operating in several industries which include: telecommunications, internet services, AI, smart robotics, IoT and clean energy. As of March 31, 2019 Softbank Group has 76,866 employees, 1302 subsidiaries, 423 associates, 26 joint ventures, net sales of $9,602.2 billion, an operating income of $2,353.9 billion, and a net income of $1,411.2 billion. Notable companies held by SoftBank group include: Arm Holdings, Boston Dynamics, Yahoo Japan, Fortress Investment Group, Alibaba, Ola, Renren, Hike, Snapdeal, and WeWork.

History

Founded as a telecommunications company, SoftBank also runs businesses in e-commerce, finance, broadband, and marketing. SoftBank is headed by chairman and CEO Masayoshi Son.

SoftBank is scheduled to launch on the Tokyo Stock Exchange on December 19, 2018. The company's IPO is valued at 2.4 trillion yen.

Timeline

July 26, 2019

SoftBank announces AI-focused second $108 billion Vision Fund with LPs including Microsoft, Apple and Foxconn.

December 10, 2018

SoftBank's IPO reaches $23.5 billion

October 1, 1984

SoftBank, formerly Japan Telecom Co, LTD, is founded

Funded Companies

Company
Description
Website
Industry
Location

ByteDance's is a Chinese AI company focused on content delivery.

Zymergen, founded in 2013 and located in Emeryville, California, is a technology company providing organisms engineering services. Their biotechnology labs rely on advanced manufacturing technologies, machine learning techniques, and genomics to accelerate the design, build, test cycle of microorganisms.

A company operating an online marketplace for products such as mobile devices, electronics, apparel and accessories.

A platform in New York that focuses on providing office space, mail and package handling, conference rooms, weekly events, high-speed internet and community networking to customers.

Creditas is a Brazilian financial technology firm offering secured consumer loans.

An insurance technology company using artificial intelligence and behavioural economics to offer home and renters insurance.

QuintoAndar is a Brazilian company who offers an online rental platform which allows renters to find a rental without a co-signer, deposit or rental insurance and offers landlords protection against insolvent renters.

A biotechnology company offering a genomics platform supporting scientific research into life sciences such as oncology, immunology, and neuroscience.

Policybazaar is a company operating as an insurance aggregator website. It provides comparative analysis of insurance products and financial services from insurance companies.

Grab is a technology company providing a ride-hailing platform for booking service for taxis, private cars and motorbikes through a mobile device.

Delhivery is a Gurgaon-based hospitality company.

Kabbage is a financial technology and data company offering loans for small businesses.

Rappi is a delivery service company operating in Latin American countries.

One97 is a mobile-internet company providing mobile content and commerce services to mobile consumers.

Nuro is a company that develops self-driving vehicles designed for local goods transportation.

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Further reading

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Companies

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IDC Frontier

ARM

UK

Boston Dynamics

GungHo Online Entertainment

Schaft

Softbank BB

News

Title
Author
Date
Publisher
Description
Catherine Shu
May 18, 2020
TechCrunch
SoftBank Group said today that Jack Ma, co-founder of Alibaba Group, will step down from its board after serving as a director for 13 years. Ma's resignation will be effective on June 25, the date of SoftBank Group's annual shareholder meeting. The company did not give a reason for the resignation, but over the past [...]
Hideyuki Sano
April 28, 2020
IN
Masayoshi Son's SoftBank Group could be the biggest beneficiary of the Bank of Japan's plan to buy more corporate bonds as it expands stimulus to lend more support to the virus-hit economy, analysts said.
Jonathan Shieber
April 13, 2020
TechCrunch
The Japanese technology conglomerate SoftBank Group said it would lose a staggering $24 billion on investments made through its Vision Fund and bets on the co-working real estate company, WeWork, and satellite telecommunications company, OneWeb. Ultimately, the company expects the losses to help generate a $7 billion total loss for the technology giant for the [...]
Bloomberg
March 19, 2020
@bsindia
The fund plans to reserve some of the remaining cash to pay back a coupon attached to the Saudi investment, said some of the people
Danny Crichton
March 17, 2020
TechCrunch
Japanese telecom conglomerate SoftBank Group has faced a litany of bad news in recent weeks, including reported revelations from the Wall Street Journal that the head of its Vision Fund was using corporate espionage firms to sabotage his corporate peers and that activist hedge fund investor Elliott Management had invested in the company to try [...]
Pavel Alpeyev, Giles Turner & Takahiko Hyuga | Bloomberg
February 21, 2020
@bsindia
In private meetings with SoftBank, Elliott raised issues over the clarity of SoftBanks strategy, people familiar with the talks said
Sam Nussey
February 21, 2020
U.S.
Alphabet and SoftBank's attempts to launch flying cellphone antennas high into the atmosphere have received backing from global telcos, energizing lobbying efforts aimed at driving regulatory approval for the emerging technology.
February 17, 2020
The Economic Times
Oyo, founded by 26-year-old Ritesh Agarwal, has drawn particular attention in SoftBanks portfolio of startups because of its similarities to WeWork.
Ben Dooley
February 12, 2020
www.nytimes.com
The Japanese company's $2 billion plunge in profitability will increase pressure on the conglomerate to get its financial house in order.
Reuters
February 10, 2020
@bsindia
SoftBank has come under increasing pressure for its lack of transparency, especially around its $100 billion Vision Fund of largely unlisted start-ups
Jane Lanhee Lee
February 4, 2020
U.S.
SoftBank Group's Vision Fund said on Tuesday that Michael Ronen, a managing partner in the United States who oversaw many of its transportation investments, had left the company.
Anirban Sen
January 30, 2020
U.S.
SoftBank's second Vision Fund has led a new round of funding for Silicon Valley-based drug delivery firm Alto Pharmacy that valued it at over $1 billion, according to two people familiar with the development.
Connie Loizos
January 22, 2020
TechCrunch
Back in August, we flagged a filing for you that we'd found interesting, one for a now 2.5-year-old, 40-person Redwood City, Calif.,-based startup called Bear Robotics that's been developing robots that deliver food to restaurant customers. The filing listed a $35.8 million target; Bear Robotics founder and CEO John Ha now tells us the final [...]
Edna Tarigan
January 17, 2020
CTVNews
Japan's SoftBank is offering to invest $30 billion to $40 billion in the development of a new Indonesian capital, an official said Friday.
Bernadette Christina
January 17, 2020
U.S.
SoftBank has offered to invest up to $40 billion in the new capital city Indonesia plans to build on Borneo island, a minister said on Friday, though the Japanese tech conglomerate said no figure had been suggested yet.
Sam Nussey
December 6, 2019
U.S.
Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp's founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group Holding Inc's co-founder Jack Ma.
Reuters Editorial
December 3, 2019
U.S.
Japan&#039;s Softbank Group Corp <9984.T> is leading a $100 million investment in Mexico&#039;s financial services platform Konfio in its fourth financing round, the Mexican company said in a statement on Tuesday.
Bloomberg
November 26, 2019
@bsindia
Read more about After WeWork, SoftBank Group's start-up Bookkeeping draws scrutiny on Business Standard. Son's bookkeeping has allowed him to claim his average internal rate of return far outpaces those of other investors
Ben Dooley
November 18, 2019
www.nytimes.com
Fresh off a multibillion-dollar loss on WeWork, SoftBank plans to shore up its domestic business with a big bet on Japan's leading messaging app company.
Jane Lanhee Lee
November 18, 2019
U.S.
Silicon Valley data analytics company Palantir Technologies Inc has established a joint venture with Japanese insurance holding company Sompo Holdings Inc that will initially focus on health and cybersecurity clients, Palantir said.
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References

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