GrabTaxi, the SoftBank-backed taxi-hailing app, has launched of a carpooling service in Singapore called GrabHitch, the Financial Times reports.» Read More
China's Shanghai Composite index finished in negative turf late Wednesday, as investor confidence remained frail.
The mayhem in Chinese equity markets showed no signs of abating on Tuesday, with the Shanghai Composite index settling below the key 3,000 mark.
Netflix has partnered with Japanese telecoms and internet giant SoftBank to launch its video-streaming service in Japan.
Asian investors made a stampede for the exit on Monday on the back of growing fears surrounding the health of China's economy.
The sell-off in Asian stocks continued on Thursday, as investors weighed concerns about the stability of China's economy.
TOKYO, Aug 20- Japanese stocks fell for a third day to a near six-week low on Thursday on worries about China's economy, while SoftBank Group Corp soared on news its president will buy the company's shares. The Nikkei share average ended 0.9 percent lower at 20,033.52, the lowest closing level since July 10. SoftBank jumped 2.2 percent and was the second most traded...
TOKYO, Aug 20- Japanese stocks fell for a third day to a three-week low on Thursday morning on worries about China's economy and Wall Street weakness, but SoftBank Group Corp soared on news its president will buy the company's shares. SoftBank jumped 3 percent and was the most traded stock by turnover after President Nikesh Arora said he is buying about 60 billion...
China's sovereign wealth fund is among backers that have poured in $350 million in South East Asia focused cab-hailing app GrabTaxi.
Chinese stocks ended an erratic session with gains on Wednesday, propped up by bargain hunters and efforts by the authorities, analysts say.
Alibaba, SoftBank and Foxconn will lead a $500m investment in Indian online marketplace Snapdeal to help fund a growth push.
Separately, FIH Mobile, a unit of Taiwan's Foxconn, the trading name of Hon Hai Precision Industry Co, said it was acquiring a 4.27 percent stake in Snapdeal for $200 million via its Singapore- based subsidiary Wonderful Stars Pte.. Sources told Reuters this month that Snapdeal was set to raise $500 million from China's Alibaba Group Holding, Japan's SoftBank...
Chinese shares led losses in Asia on Tuesday, as nerves over the yuan and a bomb explosion in Thailand sent investors scrambling for safety.
BuzzFeed and Yahoo are partnering to create a Japanese-language version of the viral news and entertainment site, the FT reports.
Asian stocks mostly erased losses to rise on Thursday, after a closely-watched press conference from the People's Bank of China.
Japanese telecoms group SoftBank, the majority owner of Sprint, said it acquired 22.9 million additional shares in the U.S. wireless carrier.
Aug 12- Japanese telecoms group SoftBank Group Corp, the majority owner of U.S. wireless carrier Sprint Corp, said it bought an additional 22.9 million shares in Sprint at a weighted average price of $3.80. SoftBank, which owns about 80 percent of Sprint, said the share purchases totaling about $87 million were made through subsidiary Galaxy Investment Holdings...
Asian equities headed further south on Wednesday, as the People's Bank of China allowed the yuan to extend sharp losses for the second straight day.
China's Shanghai Composite index bucked the cautious sentiment across Asia on Monday, surging nearly 5 percent to end at a two-week high.
Asian equities traded mixed on Friday, as investors turned their attention to the release of the U.S. nonfarm payrolls report.
SoftBank announced a near $1 billion share buyback and a higher quarterly profit as loss-making Sprint fared better than expected.