SoftBank Group

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

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

Artificial intelligence (AI)

Beijing

Zymergen

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.

Emeryville, California

Snapdeal

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.

A biotechnology company developing precision oncology treatments.

Redwood City, California

Memphis Meats

Company making cultured meat based in San Francisco founded by Uma Valeti, Nicholas Genovese and Will Clem.

SoFi or Social Finance is a finance company offering lending and wealth management services.

Educational technology

OYO is a south East Asian hospitality company.

oyorooms.com, oyorooms.com

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.

Artificial intelligence (AI)

An insurance technology offering a platform for companies to manage health insurance policies for their employees.

Health information technology

Software as a service (SaaS)

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.

quintoandar.com.br

Real estate

Financial technology

Real estate technology

Cybereason is a Boston-based cybersecurity company.

cybereason.com

Artificial intelligence (AI)

Indian electronic commerce company

OneWeb is a telecommunications company.

oneweb.net, oneweb.world

Communication

Satellite

Broadband

Telecommunications industry

Space industry

McLean, Virginia

10X Genomics

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

10xgenomics.com

Genomics

Pleasanton, California

Policybazaar

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.

Ola Cabs is an Indian online transportation network company.

Information technology

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

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

Artificial intelligence (AI)

Taiwan

Taipei

One97

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.

Artificial intelligence (AI)

48 Results

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People

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Role

Documentaries, videos and podcasts

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Date

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Companies

Company

CEO

Location

Products/Services

IDC Frontier

ARM

Boston Dynamics

GungHo Online Entertainment

Schaft

Softbank BB

News

Title

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Date

Publisher

Description

Jack Ma to resign from SoftBank Group's board of directors

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 [...]

SoftBank may be winner as BOJ expands corporate debt buying

Hideyuki Sano

April 28, 2020

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.

SoftBank expects $24 billion in losses from Vision Fund, WeWork, and OneWeb investments

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 [...]

SoftBank Group seeks to raise additional $10 billion for Vision Fund

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

SoftBank's debt outlook turns negative

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 [...]

SoftBank's Masayoshi Son to pitch US investors under cloud of WeWork

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

Global telcos join Alphabet, SoftBank's flying cellphone antenna lobbying effort

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.

Masayoshi Son's real estate bet has some big problems

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.

SoftBank Takes Another Multibillion-Dollar Hit From Bad Bets

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.

SoftBank set for sharp quarterly profit drop amid pressure from Elliott

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

SoftBank Vision Fund U.S. managing partner Ronen leaves

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.

Exclusive: SoftBank leads latest Alto Pharmacy funding round at over $1 billion valuation

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.

Bear Robotics, a company making robot waiters, just raised a $32 million round led by SoftBank

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 [...]

SoftBank to invest $40 billion for new Indonesia capital

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.

Indonesian minister says SoftBank offering to invest up to $40 billion in new capital

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.

SoftBank's Son sticks with gut-led investing in chat with Alibaba's Ma

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.

SoftBank leads $100 million funding round in Mexico's Konfio

Reuters Editorial

December 3, 2019

U.S.

Japan's Softbank Group Corp <9984.T> is leading a $100 million investment in Mexico's financial services platform Konfio in its fourth financing round, the Mexican company said in a statement on Tuesday.

After WeWork, SoftBank Group's start-up Bookkeeping draws scrutiny

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

SoftBank and Line Corp. Seek to Create a Japanese Internet Giant

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.

Peter Thiel's Palantir launches Japanese joint venture with insurer Sompo

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.

History

Timeline

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

SoftBank's IPO reaches $23.5 billion

SoftBank, formerly Japan Telecom Co, LTD, is founded

Funded Companies

People

Further reading

Documentaries, videos and podcasts

Companies

News

References

SoftBank Group

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