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SoftBank Group News
Wirecard lands $1 billion investment from Japan's Softbank
Wed, Apr 24, 2019
Wirecard, founded in 1999, ousted Commerzbank from Germany`s leading share index last year as it benefited from an accelerating global trend towards digital payments driven by e-commerce.
SoftBank partners Paytm to launch payments service in Japan
Fri, Jul 27, 2018
"PayPay Corporation will team up with India's largest digital payments company Paytm, a SoftBank Vision Fund portfolio company, to utilise Paytm's technology and expertise in mobile payments," said SoftBank.
Quotable quotes: Uber success is hard-coded to India's success, says this honcho
Thu, Apr 19, 2018
On an average, commuters in Delhi, Bengaluru and Mumbai are taking 1.5 times longer to travel a given distance. The study also explains how ride-sharing would reduce private cars by 33-68%. Over 79% of the people who plan on buying a new car in the next five years would refrain from doing so if ride-sharing matches car ownership for affordability and convenience.
SoftBank telecoms IPO faces headwinds from government-backed upstarts
Fri, Jan 19, 2018
SoftBank shares have risen about 3 per cent this week since it said it was considering what would be the largest IPO by a Japanese company in nearly two decades.
Softbank aims to close $100 billion fund for tech sector in 6 months
Sun, May 21, 2017
Japan's Softbank will invest $93 billion in Softbank Vision Fund that will be invested in the technology sector and it expects the total commitment in the company to reach $100 billion in six months.
Softbank-Saudi tech fund becomes world's biggest with $93 billion of capital
Sun, May 21, 2017
Private equity fund backed by Softbank Group and Saudi Arabia`s main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics.
Bought for $400 million in 2015, Snapdeal now wants to sell Freecharge for $300 million
Thu, Feb 23, 2017
Snapdeal is likely to sell its payments company FreeCharge for $300 million.
Snapdeal's co-founders Kunal Bahl & Rohit Bansal take 100% pay cut
Wed, Feb 22, 2017
Snapdeal's co-founders Kunal Bahl and Rohit Bansal have taken a 100% cut in their compensation as the company realigns resources to become profitable online retailer in India in two years.