softbank

News

Google and Softbank invest in Chinese truck-hailing firm Manbang

Softbank’s Vision Fund and Google-owner Alphabet’s investment arm, CapitalG, are among the investors that have invested $1.9 billion into Manbang, reports Reuters. Manbang is often described as China’s “Uber for trucks” and allows snipers to connect with truck drivers to transport their goods across China. Currently, Manbang boasts that 5.2 million out of the 7 … Continue reading “Google and Softbank invest in Chinese truck-hailing firm Manbang”

Google and Softbank invest in Chinese truck-hailing firm Manbang
advertisement
News

Uber’s valuation could be significantly slashed after SoftBank deal: Report

SoftBank is scooping up a large chunk of Uber’s shares after it opened a tender offer, reports the Wall Street Journal. Employees and investors allegedly tendered shares representing 20% of the company. However, the Journal reports that SoftBank will limit its stake to 15%. This deal would slash Uber’s valuation, the Journal writes: SoftBank will … Continue reading “Uber’s valuation could be significantly slashed after SoftBank deal: Report”

Uber’s valuation could be significantly slashed after SoftBank deal: Report
News

SoftBank’s $450 million investment puts Compass on the global map

Compass, a New York-based real estate startup, said Thursday that it had raised $450 million in funding from SoftBank Group’s Vision Fund. The deal values Compass, which has now raised $775 million in total, at $2.2 billion. Cofounded in 2012 by CEO Robert Reffkin and executive chairman Ori Allon, Compass has quickly established itself in … Continue reading “SoftBank’s $450 million investment puts Compass on the global map”

SoftBank’s $450 million investment puts Compass on the global map
News

WeWork creeps further into time and space with Meetup purchase

WeWork has built its brand image on crafting the modern-day work experience around flexible desks, office snacks, and communal couches. Now with its latest acquisition, Meetup, a 15-year-old platform for community workshops and gatherings, it’s creeping further into what happens after work, and offline. This year coworking giant WeWork has been on a tear; building out … Continue reading “WeWork creeps further into time and space with Meetup purchase”

WeWork creeps further into time and space with Meetup purchase
advertisement
advertisement