Softbank Group Corp news and trends

Online Retailer Coupang Reports 10% Growth in Active Customers
Earnings // August 09, 2023

Coupang Inc., the South Korean online retailer known for its early and one-day delivery, posted its fourth consecutive quarterly profit, driven by efficiencies in logistics and membership programs that bolstered margins. The firm, backed by SoftBank Group Corp., reported a net income of $145 million for...

Ola Electric’s Rapid Growth Sparks Early IPO Plans
IPO // July 17, 2023

Indian startup Ola Electric Mobility is reportedly in line for an initial public offering (IPO) sooner than anticipated. This change is due to its success in India’s electric scooter market, Bloomberg reported Monday (July 17). With 38% share of that market, Ola Electric has sold...

Banking Apps Spread In Brazil As Critics Note Potential For Shakeout
International // December 17, 2019

With a bewildering number of choices, banking apps fueled by Tencent Holdings Ltd, SoftBank Group Corp, and other players are spreading in Brazil, as some critics note a shakeout is looking more probable. Customers buy products, get loans and open checking accounts that are no-fee...

Quick Reads
Mapbox Raises $280 Million to Expand AI-Driven Location Features

September 19, 2023
Mapbox, a location platform, has secured a $280 million investment in a Series E funding round to support the expansion of its platform in the automotive industry and the integration of artificial intelligence (AI) into vehicles. Having established itself as a location platform for mobile apps and logistics, Mapbox is making strides in the automotive […]

Ola Electric’s Rapid Growth Sparks Early IPO Plans

July 17, 2023
Indian startup Ola Electric Mobility is reportedly in line for an initial public offering (IPO) sooner than anticipated. This change is due to its success in India’s electric scooter market,...

Banking Apps Spread In Brazil As Critics Note Potential For Shakeout

December 17, 2019
With a bewildering number of choices, banking apps fueled by Tencent Holdings Ltd, SoftBank Group Corp, and other players are spreading in Brazil, as some critics note a shakeout is...