Photo: VCCircle
Softbank Founder Cautions Startups, Unicorns To Prepare For Challenging Fundraising Winter
Founder and CEO of Japanese investment firm Softbank, Masayoshi Son, cautioned unicorns and startups to brace themselves for a hard fundraising winter. Son stated that unicorn executives "still believe in their valuations and they wouldn't accept that they may have to see their valuations go lower than they think." The winter for publicly-traded firms is still… read-more
Tags: Softbank, Startups, unicorns, fundraising, japanese
Courtesy: Free Press Journal
Photo: Japan Times
SoftBank Reports $3.5 Billion Loss Due To China's New Regulations
SoftBank on November 8, reported a sharp decline in its half-yearly profit with a net loss of 3.5 billion dollars. According to reports, China's stricter regulations on technological companies have directly caused an impact on profits, as the company plays a key role in Chinese Startups. Shares of Alibaba and Didi Global, in which SoftBank has a major stake,… read-more
Tags: Softbank, Alibaba, Chinese startups, Inflation, chinese government
Courtesy: The Wall Street Journal
