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Arm Holdings shares gain nearly 25% in biggest initial public offering since late 2021
Read full article: Arm Holdings shares gain nearly 25% in biggest initial public offering since late 2021Shares of U.K. chip designer Arm Holdings rose almost 25% in their stock market debut, in the largest initial public offering of shares in nearly two years.
China tightens political control of internet giants
Read full article: China tightens political control of internet giantsAfter flourishing for two decades with little regulation, China’s internet industries face a future of tighter control by the ruling Communist Party and pressure to pay for its tech ambitions, social welfare and propaganda.
SoftBank profit declines following Sprint perk a year ago
Read full article: SoftBank profit declines following Sprint perk a year agoJapanese technology company SoftBank’s fiscal first quarter earnings dropped 39% because of the absence of the cash benefit from the merger of Sprint, which boosted its profits a year ago.
IOC VP gets backlash saying Olympics are on, no matter virus
Read full article: IOC VP gets backlash saying Olympics are on, no matter virusComments from an IOC vice president saying the Tokyo Olympics will go on even if the city is under a COVID-19 state of emergency have stirred a backlash in Japan.
Japan's SoftBank returns to profit on global stock boom
Read full article: Japan's SoftBank returns to profit on global stock boomJapanese technology conglomerate SoftBank Group Corp. says it returned to profitability in the fiscal year that ended in March, boosted by the strong performance of its sprawling investments as stock prices surged.
Profit at Japan's SoftBank zooms on lucrative investments
Read full article: Profit at Japan's SoftBank zooms on lucrative investmentsJapanese telecommunications and technology conglomerate Softbank Group Corp. reported Monday a whopping 1.17 trillion yen ($11 billion) profit for the October-December quarter as its investments rose in value(AP Photo/Koji Sasahara)Copyright 2021 The Associated Press. TOKYO – Japanese telecommunications and technology conglomerate Softbank Group Corp. reported Monday a whopping 1.17 trillion yen ($11 billion) profit for the October-December quarter as its investments rose in value. SoftBank's profits were far better than what analysts had expected, zooming up 21-fold from the 55 billion yen profit recorded the previous year. The value of its investments rose, including in DoorDash, a U.S. food delivery service, and Uber, a U.S. technology company that offers ride-hailing and deliveries. SoftBank has an array of investments, mostly in technology companies, through its Vision Funds.
Japan's SoftBank back in the black as investments improve
Read full article: Japan's SoftBank back in the black as investments improveJapanese technology company SoftBank Group Corp. said Monday it restored its profitability in the last quarter as its investments improved in value. (AP Photo/Koji Sasahara)TOKYO – Japanese technology company SoftBank Group Corp. said Monday it bounced back to profitability in the last quarter as its investments improved in value. The Tokyo-based company reported a 627 billion yen, or about $6.1 billion, profit in July-September, compared with a loss of 700 billion yen in the same quarter of 2019. SoftBank said its quarterly sales rose nearly 5% to 1.35 trillion yen, or $13 billion, from 1.29 trillion yen. Japan and the Pepper companion robot, and in its SoftBank mobile carrier in Japan, the first to offer the iPhone in Japan.
SoftBank's Son leaves Alibaba board following Ma's departure
Read full article: SoftBank's Son leaves Alibaba board following Ma's departureSon, the chief executive of Japanese technology company SoftBank Group Corp. said Thursday, June 25, 2020, that he is stepping down from the board of Chinese e-commerce giant Alibaba. (AP Photo/Shizuo Kambayashi)TOKYO Masayoshi Son, the chief executive of Japanese technology company SoftBank Group Corp., said Thursday that he is stepping down from the board of Chinese e-commerce giant Alibaba. Last month, Alibaba founder and Chinese billionaire Jack Ma left SoftBank's board. Earlier, SoftBank announced three new board members, including SoftBank Chief Financial Officer Yoshimitsu Goto and Waseda University professor Yuko Kawamoto. He is also chief executive of Cadence Design, a U.S. electronic design automation software and engineering services company.