Softbank Capital has invested in more than 600 companies around the world and has majority stakes in more than 300 major IT companies around the world.
6716.141
+188.151+2.88%
Trading May 3 12:15 ET
6736.468High6619.078Low
6659.585Open6527.990Pre Close47.08MVolume12Rise67.36P/E (Static)20.38BTurnover--Flatline0.66%Turnover Ratio2.52TMarket Cap4Fall2.29TFloat Cap
Shares of the company fell as much as 8.8 per cent to 528 rupees (S$8.61) in afternoon trading, and was down 5.8 per cent as at 3 pm Indian Standard Time. The source, who requested anonymity, said that Alibaba sold the stake at 536.95 rupees per share. It held a 6.26 per cent stake in Paytm as at end-September. The source added that$Morgan Stanley(MS.US)$advised Alibaba on the deal. In November,$Softbank Holdings(BK2558.US)$sold a ...
The core vision fund of$SoftBank Group (ADR)(SFTBY.US)$reported a quarterly loss of $7.2 billion, as the sharp decline in the valuation of start-ups continued to hit the company's financial performance. The data released by Softbank showed that after the quarterly loss of 2.33 trillion yen in June, the vision fund department lost 1.02 trillion yen from July to September. Overall, the Japanese enterprise group made a net profit of 3.03 trillion yen ...
$Grab Holdings(GRAB.US)$ Dana Khosrowshahi, CEO of$Uber Technologies(UBER.US)$, said that Uber's withdrawal from the Southeast Asian market was due to the limitations of Uber's dominant position in online transportation in many countries around the world. The fierce competition in Southeast Asia is one of the reasons why$Softbank Holdings(BK2558.US)$is accelerating the transaction between Uber and Grab. This Japanese investment company is ...
$Grab Holdings(GRAB.US)$$Softbank Holdings(BK2558.US)$$SoftBank Group (ADR)(SFTBY.US)$ Masayoshi Son, CEO of Softbank, said last month that the investment fund lost $50 billion in the first half of this year due to the sharp decline in portfolio valuation, and he will restructure the Vision Fund. Several Softbank Vision Fund portfolio companies operating in Indonesia are Grab and Tokopedia, which now join Gojek as GoTo.
A few days ago, Yoshimitsu Goto, the CFO of Softbank group$Softbank Holdings(BK2558.US)$, said that Softbank's reduction of most of Alibaba's shares was just to appease investors and show that the group's financial situation was very stable. Yoshimitsu Goto believes that this move is similar to the company's sale of a series of shares including T-Mobile$T-Mobile US(TMUS.US)$, the US telecom operator, in 2020. "Like two...
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whqqq :
From a slump of 7% to a rebound of 10%. What a big change.
SoftBank to book $34b gains from cutting Alibaba stake. Clink here According to the report issued by Jefferies Group LLC, Softbank is settled in kind this time, and it is believed that Alibaba's fundamentals will not be damaged. It is expected that the company's series of capital allocation strategies will release its value return to shareholders, including optimizing its liquidity and return on investable assets, and the ongoing...
whqqqBtan:
yes. However, the reduction of holdings does not mean the deterioration of the fundamentals. Perhaps it is because it is listed in Hong Kong and the institutions want to transfer funds?
SoftBank Group Corp said on Wednesday it would book a gain of $34.1 billion by cutting its stake in Alibaba Group Holding, as the investment behemoth looks to shore up its cash reserve to weather the market downturn. The Japanese company will reduce its stake in Alibaba from 23.7% to 14.6% by settling prepaid forward contracts. The SoftBank transaction is not expected to result in additional sales of Alibaba shares on the market as the sha...
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whqqq :
agree If you have confidence in the future of the company, it's no big deal.
These transactions will significantly reduce its stake in Alibaba in the next few years, reduce its shareholding in Alibaba below the threshold of retaining a board seat, and prevent the group from including its share in Alibaba's revenue in its financial statements. Softbank is increasingly using this derivative to raise cash immediately, while retaining the possibility of continuing to hold share...
whqqq : Why sell?