Softbank News

Alibaba co-founder Jack Ma resigns from SoftBank’s board of directors as the firm posts the worst operating losses in its history.

SoftBank is expected to lose $12.5 billion driven by its investment in WeWork.

Masayoshi Son reportedly lost over $130 million with his bitcoin investment, according to the Wall Street Journal.

SoftBank will enable global users to conduct international money transfers via RCS, SMS, or mobile email with a blockchain payment system.

Telecoms giant SoftBank Group is lobbying for greater industry Blockchain uptake with a bespoke consortium and products.

Softbank and Saudi Arabia have partnered to launch a $100 bln technology investment fund, which will focus on emerging tech firms and unorthodox markets outside the realm of common investments.