Didi could either go for a privatization or a listing in Hong Kong after delisting in the U.S, the Bloomberg report said.

Tokyo shares close higher

07:21am, Thursday, 25'th Nov 2021 Business Recorder
TOKYO: Tokyo shares closed higher Thursday after solid US indicators boosted Wall Street shares with a rising dollar also encouraging investors. The Nikkei 225 index added 0.67 percent, or 196.62 points, to end at 29,499.28, while the broader Topix index advanced 0.33 percent, or 6.57 points, to 2,025.69. The dollar was at 115.40 yen, compared with 115.41 yen in New York late Wednesday, maintaining gains made since Tuesday when the US currency broke the 115 yen mark for the first time in more than four years. Market sentiment was also boosted by fresh, stronger-than-expected US indicators, including consumer data and jobless claims that hit the lowest level for over five decades. The S&P ended close to a new record finish although the Dow edged down, but it was enough to send the Tokyo market higher at the open. The dollar''s rise was also encouraging buying of exporters, such as automakers and semiconductor related issues, analysts said. Investors bought high-tech issues in Tokyo after US technology shares gained overnight, Okasan Online Securities said in a note. "But traders were in a wait-and-see mode ahead of Thanksgiving," it added.
Industrial goods and services procurement platform OfBusiness became the 18th startup to reach the unicorn milestone earlier this year after raising $360 million in successive rounds led by Softbank and Tiger Global within a span of 2 months. That makes it one of a handful of startups among the 39 that became unicorns this year. While it has doubled its operating income, profit has surged 72% during fiscal ending March 2021. The Delhi-based company has recently filed its financial results for the last fiscal and we have sifted through the numbers to understand how the company increased its profits during the covid marred fiscal. Continue reading OfBusiness closes FY21 with 2X jump in revenue and Rs 56 Cr profit at Entrackr.

SoftBank-backed AutoStore doubles revenue, warns of margin impact

08:28am, Wednesday, 24'th Nov 2021 DealStreetAsia
Japan''s SoftBank is AutoStore''s largest shareholder, controlling close to 40% stake.

Thanksgiving & NFTs Macys, Martha Stewart join the craze

08:12am, Wednesday, 24'th Nov 2021 Kalkine Media
Highlights Macys has launched its Thanksgiving balloons as NFTs, with money raised going into charity Macys NFTs will use Polygon, and 10 NFT balloons are up for bidding From Martha Stewart to Jack Dorsey, NFTs are finding many takers for their blockchain aspects The non-fungible token (NFT) craze is real. As we step into the festive season before we bid goodbye to 2021 which saw NFTs like Beeples Everydays digital artwork and CryptoPunk characters selling for millions of dollars big names are increasingly warming up to the space. Macys, a one-and-a-half century old retailer, is turning its Thanksgiving Day 2021 balloon designs into NFTs. Also read : Top 5 most expensive NFTs ever sold including CryptoPunks Macys Thanksgiving parades and balloons Macys Thanksgiving celebrations have a rich history of nearly 100 years. The parade is an annual event, and the first such parade happened in 1924. Macys parade in the New York City is touted as the largest in the world. Not many know that the initial few years included live animals in the parade.

SoftBanks Masayoshi Son next big bet: Sleep disorder cures

04:43am, Wednesday, 24'th Nov 2021 Livemint
Japans Aculys Pharma LLC, backed by SoftBanks second Vision Fund, bought the rights to develop and sell pitolisant, used to treat narcolepsy and sleep apnea in Europe
Klook, a travel and leisure booking platform and ZA Tech Global Limited, the technology venture established by ZA International and backed by Softbanks Vision Fund 1, has announced a joint venture that will aim to accelerate the availability and accessibility of travel-related insurance to consumers Read More

SoftBank Leading Upcoming Juspay Investment Round

10:59pm, Tuesday, 23'rd Nov 2021 PYMNTS
Japanese investment company SoftBank is likely to lead the upcoming $100 million to $120 million fundraising round for FinTech Juspay, according to a report in The Economic Times Tuesday (Nov. 23). If successful, the move would value the company at between $400 to $500 million and if Juspays investment round hits its goal, it []
Japanese investment company SoftBank is likely to lead the upcoming $100 million to $120 million fundraising round for FinTech Juspay, according to a report in The Economic Times Tuesday (Nov. 23). If
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LTK raises $300 million from Softbank

09:20pm, Monday, 22'nd Nov 2021 Medium
Dallas-based content monetization platform LTK designed to help social media influencers maximize market potential by making their posts Continue reading on Medium »
Alexandra Sternlicht / Forbes : LTK, a marketplace for creators, raises $300M from SoftBank''s Vision Fund, valuing it at $2B, and says 130+ influencers have become millionaires on the platform In a sign that the retail model is being radically disrupted, the SoftBank Vision Fund is taking a $300 million stake in LTK
When LTK launched in 2011, phrases like influencer marketing or the creator economy weren''t common, but fashion blogger Amber Venz Box faced the same struggles that
When LTK launched in 2011, phrases like “influencer marketing” or “the creator economy” weren’t common, but fashion blogger Amber Venz Box faced the same struggles that internet personalities face today. How do you convert unpaid hours writing posts, shooting photos, editing videos and building a following into a viable career? Amber Venz Box started LTK […]
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