Deliveroo will create 250 more jobs at its London headquarters, as the food delivery firm strives to eliminate its powerful local rivals. The company, which has endured a topsy-turvy year including flirtations…
SoftBank Ponders Massive Telco IPO
Japanese telecommunications giant SoftBank is considering an IPO of its Japanese mobile phone business, in a move that could raise ¥3 trillion ($18bn). The share sale, to take place on the Tokyo…
DiDi Makes Next Move in Ride-Hail ‘Game of Risk’ with Careem Investment
China’s DiDi Chuxing has made another big move in the global ride-hailing market, by partnering with Middle Eastern brand Careem. The Dubai-based firm claims to be present in 80 Middle Eastern cities,…
Didi and SoftBank to Pour $2bn into Taxi Firm Grab
DiDi Chuxing and SoftBank are investing a combined $2 billion in Grab, formerly known as GrabTaxi, Southeast Asia’s premier ride-hailing app. The company, which operates in 65 cities across seven nations, is…
All Hail the Unicorn Maker: Is SoftBank’s Vision Fund Good for Tech?
Masayoshi Son has always been a bit of a gambler. In 2000, during the first dot com bubble, the 59-year-old SoftBank founder lost a record $70 billion. Undeterred, he continued with his…
SoftBank Tech Fund Becomes World’s Largest with $93bn War Chest
SoftBank has announced that it has raised $93 billion for a new tech investment fund, which will become the largest in history. The Japanese telecoms giant, currently valued at $78.6bn, raised capital for…