SoftBank’s Vision Fund has sold $1 billion with of shares in South Korean eCommerce company Coupang, Reuters reported Monday (March 14). The fund sold 50 million shares in Coupang at $20.87 each, leaving it with 461.2 million shares remaining. Reuters said the sale follows a...
Credit Suisse Group has started to look into funds invested in loans arranged by billionaire Lex Greensill and backed by Masayoshi Son’s SoftBank Vision Fund, Bloomberg reports. The largest Switzerland bank is looking into its supply chain finance funds, which hold short-term corporate loans and...
Japanese multinational conglomerate SoftBank Group posted a record-breaking $18 billion operating loss right after Alibaba co-founder Jack Ma announced he was stepping down from the board, according to a company announcement on Monday morning (May 18). In the fiscal year ending March 31, SoftBank posted...
SoftBank Group Corp. is forecasting that its $100 billion Vision Fund will lose $16.5 billion in the financial year ending March 31, which means the group as a whole will lose money for the first time in 15 years, according to a company statement on...
February 11, 2020
For its three years in operation, Brandless generated no shortage of buzz with its concept of “private label for less” and the idea that the best brand is no brand at all. The secret sauce, according to then-CEO Tina Sharky when PYMNTS spoke to her in 2017, was its elimination of what she called “the […]
March 14, 2022
SoftBank’s Vision Fund has sold $1 billion with of shares in South Korean eCommerce company Coupang, Reuters reported Monday (March 14). The fund sold 50 million shares in Coupang at $20.87 each, leaving it with 461.2 million shares remaining. Reuters said the sale follows a $1.69 billion selloff in September of last year. SoftBank first […]
June 24, 2020
Credit Suisse Group has started to look into funds invested in loans arranged by billionaire Lex Greensill and backed by Masayoshi Son’s SoftBank Vision Fund, Bloomberg reports. The largest Switzerland...
May 18, 2020
Japanese multinational conglomerate SoftBank Group posted a record-breaking $18 billion operating loss right after Alibaba co-founder Jack Ma announced he was stepping down from the board, according to a company...
April 13, 2020
SoftBank Group Corp. is forecasting that its $100 billion Vision Fund will lose $16.5 billion in the financial year ending March 31, which means the group as a whole will...
