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.11398
Masayoshi Son reportedly lost over $130 million with his bitcoin investment, according to the Wall Street Journal.9260
- Uber’s Largest Shareholder to Launch Cross-Carrier Mobile Payments Service Based on Blockchain and RCS
SoftBank will enable global users to conduct international money transfers via RCS, SMS, or mobile email with a blockchain payment system.7367
Telecoms giant SoftBank Group is lobbying for greater industry Blockchain uptake with a bespoke consortium and products.9940
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.1566