SoftBank news and archive

SoftBank posts Q2 net profit after Alibaba share sales

Japan's SoftBank Group on Friday posted a net profit in the second quarter, with big gains from its recent sale of some shares in Chinese e-commerce giant Alibaba. In the period from July to September, the investment behemoth logged 3.03 trillion yen (21.4 billion dollars) in net profit. But over the first half it suffered a net loss of 129...

BusinessFeatured

US activewear brand Vuori valued at 4 billion dollars following SoftBank investment

The valuation of US activewear brand Vuori has increased to 4 billion dollars after securing a 400 million dollar investment from SoftBank Vision Fund 2 as it sets its eyes on global expansion. The Southern California-inspired performance apparel brand will use the investment to kick off an international expansion next year by launching an...

Business

Indonesia's Tokopedia raises 1.1 billion USD from top investors

Indonesia's top e-commerce site Tokopedia said Wednesday it has raised 1.1 billion USD in funding from investors including Japanese tech giant SoftBank and Chinese online store Alibaba. The latest financing round for Tokopedia, which lets users to set up online shops and handles transactions, underscores a push by foreign firms to tap the...