Japan Computer Vision is owned by SoftBank Group’s wireless unit. Faces risks as the facial-scanning system it offers to Mastercard and Visa uses technology from SenseTime Group. SenseTime has been blacklisted by the US over human rights concerns. Washington accuses SenseTime of developing facial-recognition technology that can be used to identify ethnic Uyghurs. A SoftBank-claimed … Read more
UK has “received a strong love call” from SoftBank about listing Arm, says Son. But no decision has been made and Son is meeting specialists to see what is best for Arm. Lord Gerry Grimstone, has travelled to Tokyo and met with key SoftBank officials. Masayoshi Son, the billionaire founder of SoftBank, stated that Nasdaq … Read more
Japanese investment large SoftBank Group on Thursday logged a reported annual internet loss after a bruising year that noticed its assets hit through a US tech share rout and a regulatory crackdown in China. SoftBank’s massive stakes in international tech giants and volatile new ventures have made for unpredictable earnings, and the state-of-the-art tumble comes … Read more
Tokyo: The war in Ukraine and rising Covid-19 cases in China weighed on Tokyo stocks Monday. A 1.08 percent, or 293.48 points, decline in the Nikkei 225 ended at 26,799.71, while the Topix fell 0.86 percent, or 16.23 points, to 1,880.08. Late Friday in Asia, the dollar was trading at 126.59 yen. “With investors spooked … Read more
RIYADH: Softbank-funded 2TM, owner of the largest cryptocurrency exchange in Latin America, has launched a venture capital unit focusing on blockchain companies around the world, Arab News reported. Brazil-based 2TM, valued at roughly $2.2 billion after the latest $50 million fund-raise, is the holding company of Mercado Bitcoin, with 3.2 million customers as of October 2021. During … Read more
TOKYO: Japan’s SoftBank Group on Monday logged its first quarterly net loss in 18 months on the falling value of investments in its Vision Fund, including Chinese ride-hailing giant Didi Chuxing. The telecoms-firm-turned-investment giant posted a net loss of 397.9 billion yen ($3.5 billion) in July-September, its first net loss since January-March 2020. That dragged … Read more
Japan’s SoftBank Corp plans to merge its internet unit Yahoo Japan with messaging app operator Line Corp to create a $30bn tech giant. The firms announced that formerly Yahoo Japan, will merge with mobile chat app operator Line, in a bid to boost the customer base for their digital services. Mobile operator SoftBank Corp, the … Read more
